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2022
Flag → Flag
Exports $19.2BRnk 1 / 217
2022
Flag → Flag
Top Product $997MCars
2022
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Exports $30BRnk 14 / 223
2022
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Top Product $3.24BCars
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
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$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 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$48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186

About

Sweden-Germany Trade: In 2022, Sweden exported $19.2B to Germany. The main products that Sweden exported to Germany were Cars ($997M), Packaged Medicaments ($963M), and Vaccines, blood, antisera, toxins and cultures ($793M). Over the past 5 years the exports of Sweden to Germany have increased at an annualized rate of 3.75%, from $16B in 2017 to $19.2B in 2022.

In 2020, Sweden exported services to Germany worth $4.58B, with Other business services ($1.51B), Transportation ($795M), and Computer and information services ($727M) being the largest in terms of value.

Germany-Sweden Trade: In 2022, Germany exported $30B to Sweden. The main products that Germany exported to Sweden were Cars ($3.24B), Motor vehicles; parts and accessories (8701 to 8705) ($1.38B), and Computers ($797M). Over the past 5 years the exports of Germany to Sweden have increased at an annualized rate of 0.6%,  from $29.1B in 2017 to $30B in 2022.

In 2020, Germany exported services to Sweden worth $3.27B, with Other business services ($1.29B), Transportation ($850M), and Royalties and license fees ($487M) being the largest in terms of value.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK13.6B and imported SEK21.8B from Germany, resulting in a negative trade balance of SEK8.23B. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-2.1B (-13.4%) from SEK15.7B to SEK13.6B, while imports decreased by SEK-1.55B (-6.65%) from SEK23.4B to SEK21.8B.

Trade In August 2024, the top exports of Sweden to Germany were Packaged Medicaments (SEK1.05B), Cars (SEK1.02B), Vaccines, blood, antisera, toxins and cultures (SEK948M), Refined Copper (SEK824M), and Reaction and Catalytic Products (SEK764M). In August 2024 the top imports of Sweden from Germany were Cars (SEK3.4B), Motor vehicles; parts and accessories (8701... (SEK1.43B), Vaccines, blood, antisera, toxins and cultures (SEK561M), Packaged Medicaments (SEK503M), and Computers (SEK484M).

Growth In August 2024, the decrease in Sweden's year-by-year exports to Germany was explained primarily by an decrease in product exports in Gas Turbines (SEK-181M or -98%), Gold (SEK-83.2M or -64.5%), and Iron Ore (SEK-72.3M or -15.8%). In August 2024, the decrease in Sweden's year-by-year imports  from Germany was explained primarily by an decrease in product imports  in Self-Propelled Rail Transport (SEK-215M or -78.1%), Petroleum Gas (SEK-129M or -99.8%), and Refined Petroleum (SEK-125M or -49.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-2.1B(-13.4%)
IMPORT GROWTH (August 2023 - August 2024)SEK-1.55B(-6.65%)

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 Germany and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Germany and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $19.2B to Germany. The main products exported from Sweden to Germany were Cars ($997M), Packaged Medicaments ($963M), and Vaccines, blood, antisera, toxins and cultures ($793M). During the last 5 years the exports of Sweden to Germany have increased at an annualized rate of 3.75%, from $16B in 2017 to $19.2B in 2022.

In 2017, Germany exported $30B to Sweden. The main products exported from Germany to Sweden were Cars ($3.24B), Motor vehicles; parts and accessories (8701 to 8705) ($1.38B), and Computers ($797M). During the last 5 years the exports of Germany to Sweden have increased at an annualized rate of 0.6%, from $29.1B in 2022 to $30B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Germany
Top DestinationUnited States$153B

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

In 2022, countries that imported more from Sweden than Germany included Norway ($18.7B), Finland ($13.4B), and Greenland ($230M).

In 2022, countries that imported more from Germany than Sweden included United States ($153B), France ($120B), and China ($109B).

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

Comparative Advantage Sweden - Germany

Flow
Scale

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

During 2022, Sweden had a large net trade with Germany in the exports of Metals ($3.37B), Machines ($3.19B), and Chemical Products ($3.08B).

During 2017, Germany had a large net trade with Sweden in the exports of Machines ($8.63B), Transportation ($5.92B), and Chemical Products ($3.95B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Germany+$480MCars
Top Product Potential Germany Sweden+$170MPackaged Medicaments

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 Germany worth $4.58B, with Other business services ($1.51B), Transportation ($795M), and Computer and information services ($727M) being the largest in terms of value.

In 2020, Germany exported services to Sweden worth $3.27B, with Other business services ($1.29B), Transportation ($850M), and Royalties and license fees ($487M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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