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2022
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Exports $1.63BRnk 25 / 217
2022
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Top Product $144MCars
2022
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Exports $1.78BRnk 32 / 219
2022
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Top Product $165MNitrogen Heterocyclic Compounds
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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Economic Complexity (ECI) ECI 1.85Rnk 2 / 124
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$808BCURRENT US$
Rnk 20 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 128 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
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GDP PC$92,101CURRENT US$
Rnk 5 / 186
2012-2022
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GDP PC GROWTH7.3%CURRENT US$
Rnk 125 / 186

About

Sweden-Switzerland In 2022, Sweden exported $1.63B to Switzerland. The main products that Sweden exported to Switzerland are Cars ($144M), Packaged Medicaments ($70.4M), and Gold ($67.6M). During the last 27 years the exports of Sweden to Switzerland have increased at an annualized rate of 0.01%, from $1.62B in 1995 to $1.63B in 2022.

In 2020, Sweden exported services to Switzerland worth $3.94B, with Other business services ($2.36B), Transportation ($722M), and Computer and information services ($263M) being the largest in terms of value.

Switzerland-Sweden In 2022, Switzerland exported $1.78B to Sweden. The main products that Switzerland exported to Sweden were Nitrogen Heterocyclic Compounds ($165M), Vaccines, blood, antisera, toxins and cultures ($162M), and Packaged Medicaments ($138M). During the last 27 years the exports of Switzerland to Sweden have increased at an annualized rate of 1.27%, from $1.27B in 1995 to $1.78B in 2022.

In 2019, Switzerland exported services to Sweden worth $735M, with Royalties and license fees ($246M), Transportation ($189M), and Computer and information services ($151M) being the largest in terms of value.

Comparison In 2022,  Sweden ranked 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.85), and 17 in total exports ($402B).

Latest Trends

December, 2023

About

Overview In December 2023, Sweden exported SEK1.67B and imported SEK3.29B from Switzerland, resulting in a negative trade balance of SEK1.62B. Between December 2022 and December 2023 the exports of Sweden have decreased by SEK-72.5M (-4.16%) from SEK1.74B to SEK1.67B, while imports increased by SEK1.76B (115%) from SEK1.53B to SEK3.29B.

Trade In December 2023, the top exports of Sweden to Switzerland were Cars (SEK202M), Packaged Medicaments (SEK168M), Gold (SEK142M), Vaccines, blood, antisera, toxins and cultures (SEK48M), and Telephones (SEK42.6M). In December 2023 the top imports of Sweden from Switzerland were Vaccines, blood, antisera, toxins and cultures (SEK144M), Oxygen Heterocyclic Compounds (SEK128M), Packaged Medicaments (SEK95.5M), Nitrogen Heterocyclic Compounds (SEK58M), and Base Metal Watches (SEK32.5M).

Growth In December 2023, the decrease in Sweden's year-by-year exports to Switzerland was explained primarily by an decrease in product exports in Chemical Analysis Instruments (SEK-40M or -73.9%), Machinery Having Individual Functions (SEK-24.5M or -69.3%), and Precious Metal Scraps (SEK-23M or -91.4%). In December 2023, the increase in Sweden's year-by-year imports  from Switzerland was explained primarily by an increase in product imports  in Oxygen Heterocyclic Compounds (SEK92.5M or 263%), Base Metal Watches (SEK20.9M or 181%), and Tensile Testing Machines (SEK19M or 9.18k%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)SEK-72.5M(-4.16%)
IMPORT GROWTH (December 2022 - December 2023)SEK1.76B(115%)

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 Switzerland and Sweden trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1.63B to Switzerland. The main products exported from Sweden to Switzerland were Cars ($144M), Packaged Medicaments ($70.4M), and Gold ($67.6M). During the last 27 years the exports of Sweden to Switzerland have increased at an annualized rate of 0.01%, from $1.62B in 1995 to $1.63B in 2022.

In 2022, Switzerland exported $1.78B to Sweden. The main products exported from Switzerland to Sweden were Nitrogen Heterocyclic Compounds ($165M), Vaccines, blood, antisera, toxins and cultures ($162M), and Packaged Medicaments ($138M). During the last 27 years the exports of Switzerland to Sweden have increased at an annualized rate of 1.27%, from $1.27B in 1995 to $1.78B in 2022.

Exports from Sweden (Flag) to Switzerland (Flag) (2022)

Exports from Switzerland (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Switzerland
Top DestinationUnited States$61.7B

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

In 2021, countries that imported more from Sweden than Switzerland were Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

In 2021, countries that imported more from Switzerland than Sweden were United States ($61.7B), China ($44.1B), and Germany ($53.5B).

Difference in imports from Switzerland (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - Switzerland

Flow
Scale

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

During 2022, Sweden had a large net trade with Switzerland in the exports of Machines ($398M), Transportation ($251M), and Precious Metals ($164M).

During 2022, Switzerland had a large net trade with Sweden in the exports of Chemical Products ($676M), Machines ($399M), and Instruments ($218M).

Service Trade

Bilateral Service Trade

In 2020, Sweden exported services to Switzerland worth $3.94B, with Other business services ($2.36B), Transportation ($722M), and Computer and information services ($263M) being the largest in terms of value.

In 2019, Switzerland exported services to Sweden worth $735M, with Royalties and license fees ($246M), Transportation ($189M), and Computer and information services ($151M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Switzerland (Flag) to Sweden (Flag) (2019)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Sweden has comparative advantage over Switzerland. Similarly, the more yellow a dot/product is, the more Switzerland has comparative advantage over Sweden.

Product Space of Sweden (Flag) and Switzerland (Flag) (2022)

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