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2023
Flag → Flag
Exports $132MRnk 68 / 216
2023
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Top Product $50.9MGas Turbines
2023
Flag → Flag
Exports $54.9MRnk 21 / 196
2023
Flag → Flag
Top Product $30.7MCheese
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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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$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
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GDP GROWTH41.4%CURRENT US$
Rnk 91 / 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$36,551CURRENT US$
Rnk 35 / 196
2013-2023
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GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195

About

Sweden-Cyprus Trade: In 2023, Sweden exported $132M to Cyprus. The main products that Sweden exported to Cyprus were Gas Turbines ($50.9M), Packaged Medicaments ($20.9M), and Passenger and Cargo Ships ($13.2M). Over the past 5 years the exports of Sweden to Cyprus have increased at an annualized rate of 0.63%, from $128M in 2018 to $132M in 2023.

In 2020, Sweden exported services to Cyprus worth $75.7M, with Transportation ($22.6M), Computer and information services ($20.9M), and Other business services ($17.9M) being the largest in terms of value.

Cyprus-Sweden Trade: In 2023, Cyprus exported $54.9M to Sweden. The main products that Cyprus exported to Sweden were Cheese ($30.7M), Fruit Juice ($5.93M), and Edible Offal ($2.4M). Over the past 5 years the exports of Cyprus to Sweden have increased at an annualized rate of 0.17%,  from $54.5M in 2018 to $54.9M in 2023.

In 2020, Cyprus exported services to Sweden worth $20.6M, with Transportation ($6.85M), Other business services ($6.85M), and Financial services ($5.71M) 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, Cyprus ranked 126 in total exports ($5.7B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK40.9M and imported SEK26.4M from Cyprus, resulting in a positive trade balance of SEK14.5M. Between October 2023 and October 2024 the exports of Sweden have increased by SEK4.18M (11.4%) from SEK36.8M to SEK40.9M, while imports decreased by SEK-11.6M (-30.6%) from SEK38.1M to SEK26.4M.

Trade In October 2024, the top exports of Sweden to Cyprus were Cars (SEK3.33M), Non-fillet Fresh Fish (SEK2.15M), Computers (SEK2.01M), Fish Fillets (SEK1.19M), and Sanitary towels (pads) (SEK1.16M). In October 2024 the top imports of Sweden from Cyprus were Cheese (SEK19.7M), Beauty Products (SEK2.02M), Hair Products (SEK1.46M), Fruit Juice (SEK1.22M), and Salt (SEK911k).

Growth In October 2024, the increase in Sweden's year-by-year exports to Cyprus was explained primarily by an increase in product exports in Computers (SEK2M or 18.1k%), Cars (SEK2M or 149%), and Non-fillet Fresh Fish (SEK1.88M or 684%). In October 2024, the decrease in Sweden's year-by-year imports  from Cyprus was explained primarily by an decrease in product imports  in Cheese (SEK-6.44M or -24.7%), Salt (SEK-2.32M or -71.8%), and Edible Offal (SEK-856k or -49.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK4.18M(11.4%)
IMPORT GROWTH (October 2023 - October 2024)SEK-11.6M(-30.6%)

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 Cyprus and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cyprus and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $132M to Cyprus. The main products exported from Sweden to Cyprus were Gas Turbines ($50.9M), Packaged Medicaments ($20.9M), and Passenger and Cargo Ships ($13.2M). During the last 5 years the exports of Sweden to Cyprus have increased at an annualized rate of 0.63%, from $128M in 2018 to $132M in 2023.

In 2018, Cyprus exported $54.9M to Sweden. The main products exported from Cyprus to Sweden were Cheese ($30.7M), Fruit Juice ($5.93M), and Edible Offal ($2.4M). During the last 5 years the exports of Cyprus to Sweden have increased at an annualized rate of 0.17%, from $54.5M in 2023 to $54.9M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Cyprus
Top DestinationLibya$775M

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

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

In 2023, countries that imported more from Cyprus than Sweden included Libya ($775M), Bermuda ($403M), and Lebanon ($438M).

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

Comparative Advantage Sweden - Cyprus

Flow
Scale

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

During 2023, Sweden had a large net trade with Cyprus in the exports of Machines ($59.4M), Chemical Products ($23.5M), and Transportation ($21.8M).

During 2018, Cyprus had a large net trade with Sweden in the exports of Animal Products ($33.1M), Foodstuffs ($6.87M), and Chemical Products ($3.86M).

Bilateral Service Trade

In 2020, Sweden exported services to Cyprus worth $75.7M, with Transportation ($22.6M), Computer and information services ($20.9M), and Other business services ($17.9M) being the largest in terms of value.

In 2020, Cyprus exported services to Sweden worth $20.6M, with Transportation ($6.85M), Other business services ($6.85M), and Financial services ($5.71M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Cyprus (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 Cyprus. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Cyprus. Similarly, a dot/product with the flag of Cyprus indicates it has a comparative advantage over Sweden.

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

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