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2023
Flag → Flag
Exports $2.75BRnk 14 / 216
2023
Flag → Flag
Top Product $421MRaw Copper
2023
Flag → Flag
Exports $557MRnk 38 / 215
2023
Flag → Flag
Top Product $82MCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
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 GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
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GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
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GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
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GDP PC$53,431CURRENT US$
Rnk 22 / 196
2013-2023
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GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Sweden-Canada Trade: In 2023, Sweden exported $2.75B to Canada. The main products that Sweden exported to Canada were Raw Copper ($421M), Packaged Medicaments ($251M), and Refined Petroleum ($143M). Over the past 5 years the exports of Sweden to Canada have increased at an annualized rate of 9.22%, from $1.77B in 2018 to $2.75B in 2023.

In 2020, Sweden exported services to Canada worth $1.19B, with Personal, cultural, and recreational services ($778M), Computer and information services ($156M), and Other business services ($122M) being the largest in terms of value.

Canada-Sweden Trade: In 2023, Canada exported $557M to Sweden. The main products that Canada exported to Sweden were Coal Briquettes ($82M), Copper Ore ($71.4M), and Raw Nickel ($65.9M). Over the past 5 years the exports of Canada to Sweden have increased at an annualized rate of 4.58%,  from $445M in 2018 to $557M in 2023.

In 2020, Canada exported services to Sweden worth $111M, with Royalties and license fees ($47M), Transportation ($27.6M), and Travel ($18.6M) being the largest in terms of value.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Latest Trends

November, 2024

About

Overview In November 2024, Sweden exported SEK902M and imported SEK540M from Canada, resulting in a positive trade balance of SEK362M. Between November 2023 and November 2024 the exports of Sweden have decreased by SEK-1.77B (-66.3%) from SEK2.67B to SEK902M, while imports increased by SEK313M (139%) from SEK226M to SEK540M.

Trade In November 2024, the top exports of Sweden to Canada were Packaged Medicaments (SEK399M), Cars (SEK82.6M), Other Electrical Machinery (SEK78.4M), Other Construction Vehicles (SEK53.6M), and Excavation Machinery (SEK52.7M). In November 2024 the top imports of Sweden from Canada were Copper Ore (SEK257M), Raw Nickel (SEK59.1M), Integrated Circuits (SEK44.1M), Fuel Wood (SEK33.1M), and Planes, Helicopters, and/or Spacecraft (SEK23M).

Growth In November 2024, the decrease in Sweden's year-by-year exports to Canada was explained primarily by an decrease in product exports in Cars (SEK-37.4M or -31.2%), Navigation Equipment (SEK-25.9M or -97.4%), and Flat Flat-Rolled Steel (SEK-23.7M or -51.9%). In November 2024, the increase in Sweden's year-by-year imports  from Canada was explained primarily by an increase in product imports  in Integrated Circuits (SEK32.3M or 275%), Raw Nickel (SEK30.8M or 109%), and Other Agricultural Machinery (SEK18.6M or 2.21k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)SEK-1.77B(-66.3%)
IMPORT GROWTH (November 2023 - November 2024)SEK313M(139%)

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 Canada and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Canada and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $2.75B to Canada. The main products exported from Sweden to Canada were Raw Copper ($421M), Packaged Medicaments ($251M), and Refined Petroleum ($143M). During the last 5 years the exports of Sweden to Canada have increased at an annualized rate of 9.22%, from $1.77B in 2018 to $2.75B in 2023.

In 2018, Canada exported $557M to Sweden. The main products exported from Canada to Sweden were Coal Briquettes ($82M), Copper Ore ($71.4M), and Raw Nickel ($65.9M). During the last 5 years the exports of Canada to Sweden have increased at an annualized rate of 4.58%, from $445M in 2023 to $557M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Sweden than Canada included Denmark ($14.4B), Germany ($18.4B), and Finland ($9.41B).

In 2023, countries that imported more from Canada than Sweden included United States ($410B), China ($31.1B), and Japan ($13.4B).

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

Comparative Advantage Sweden - Canada

Flow
Scale

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

During 2023, Sweden had a large net trade with Canada in the exports of Machines ($903M), Metals ($626M), and Chemical Products ($422M).

During 2018, Canada had a large net trade with Sweden in the exports of Mineral Products ($159M), Machines ($115M), and Metals ($107M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Canada+$109MCars
Top Product Potential Canada Sweden+$34.4MCars

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.

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Bilateral Service Trade

In 2020, Sweden exported services to Canada worth $1.19B, with Personal, cultural, and recreational services ($778M), Computer and information services ($156M), and Other business services ($122M) being the largest in terms of value.

In 2020, Canada exported services to Sweden worth $111M, with Royalties and license fees ($47M), Transportation ($27.6M), and Travel ($18.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to Canada (Flag) (2020)

Services Exports from Canada (Flag) to Sweden (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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