NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $61.7MRnk 83 / 216
2023
Flag → Flag
Top Product $52.9MRefined Petroleum
2023
Flag → Flag
Exports $117kRnk 70 / 120
2023
Flag → Flag
Top Product $77.2kKnit Women's Undergarments
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 83 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$19.7BCURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP GROWTH57.2%CURRENT US$
Rnk 59 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$1,394CURRENT US$
Rnk 168 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 104 / 195

About

Sweden-Benin Trade: In 2023, Sweden exported $61.7M to Benin. The main products that Sweden exported to Benin were Refined Petroleum ($52.9M), Other Construction Vehicles ($2.7M), and Broadcasting Equipment ($1.2M). Over the past 5 years the exports of Sweden to Benin have increased at an annualized rate of 37.1%, from $12.7M in 2018 to $61.7M in 2023.

In 2023, Sweden did not export any services to Benin.

Benin-Sweden Trade: In 2023, Benin exported $117k to Sweden. The main products that Benin exported to Sweden were Knit Women's Undergarments ($77.2k), Dried Fruits ($35.7k), and Brochures ($1.98k). Over the past 5 years the exports of Benin to Sweden have increased at an annualized rate of 22%,  from $806 in 2018 to $117k in 2023.

In 2023, Benin did not export any services to Sweden.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK1.05M and imported SEK1k from Benin, resulting in a positive trade balance of SEK1.04M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-953k (-47.7%) from SEK2M to SEK1.05M, while imports decreased by SEK-378k (-99.7%) from SEK379k to SEK1k.

Trade In October 2024, the top exports of Sweden to Benin were Telephones (SEK381k), Combustion Engines (SEK180k), Cars (SEK34k), Seats (SEK21k), and Vehicle Bodies (including cabs) for the... (SEK20k). In October 2024 the top imports of Sweden from Benin were Other Cloth Articles (SEK1k).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Benin was explained primarily by an decrease in product exports in Telephones (SEK-4.36M or -92%), Insulated Wire (SEK-232k or -99.6%), and Electrical Control Boards (SEK-178k or -99.4%). In October 2024, the decrease in Sweden's year-by-year imports  from Benin was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-953k(-47.7%)
IMPORT GROWTH (October 2023 - October 2024)SEK-378k(-99.7%)

This section shows exports and imports data at subnational level for Sweden. Click any date in the line plot or any product to explore the exports or imports behavior of Sweden over time.

To check Benin and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Benin and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $61.7M to Benin. The main products exported from Sweden to Benin were Refined Petroleum ($52.9M), Other Construction Vehicles ($2.7M), and Broadcasting Equipment ($1.2M). During the last 5 years the exports of Sweden to Benin have increased at an annualized rate of 37.1%, from $12.7M in 2018 to $61.7M in 2023.

In 2018, Benin exported $117k to Sweden. The main products exported from Benin to Sweden were Knit Women's Undergarments ($77.2k), Dried Fruits ($35.7k), and Brochures ($1.98k). During the last 5 years the exports of Benin to Sweden have increased at an annualized rate of 22%, from $806 in 2023 to $117k in 2018.

Exports from Sweden (Flag) to Benin (Flag) (2023)

Exports from Benin (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Benin
Top DestinationUnited Arab Emirates$803M

This map shows whether countries import more from Sweden or Benin. Each country is colored based on the difference in imports they receive from Sweden and Benin or the difference in the growth in imports.

In 2023, countries that imported more from Sweden than Benin included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

In 2023, countries that imported more from Benin than Sweden included Bangladesh ($391M), Togo ($53.9M), and Chad ($36.7M).

Difference in imports from Benin (Flag) and Sweden (Flag) (2023)

Comparative Advantage Sweden - Benin

Flow
Scale

This chart compares trade between Sweden and Benin by product, considering products traded by both, Sweden and Benin.

During 2023, Sweden had a large net trade with Benin in the exports of Mineral Products ($52.9M), Machines ($6.79M), and Chemical Products ($832k).

During 2018, Benin had a large net trade with Sweden in the exports of Textiles ($77.6k), Vegetable Products ($35.8k), and Paper Goods ($1.98k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Benin+$793kTelephones
Top Product Potential Benin Sweden+$87.4kCoconuts, Brazil Nuts, and Cashews

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and Benin. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Benin. Similarly, a dot/product with the flag of Benin indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and Benin (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms