Sweden (SWE) and Germany (DEU) Trade | OEC - The Observatory of Economic Complexity

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Sweden-Germany In 2021, Sweden exported $19.1B to Germany. The main products that Sweden exported to Germany are Cars ($1.25B), Iron Ore ($814M), and Vaccines, blood, antisera, toxins and cultures ($749M). During the last 26 years the exports of Sweden to Germany have increased at an annualized rate of 2.56%, from $9.88B in 1995 to $19.1B in 2021.

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 In 2021, Germany exported $30.6B to Sweden. The main products that Germany exported to Sweden were Cars ($3.33B), Motor vehicles; parts and accessories (8701 to 8705) ($1.42B), and Computers ($900M). During the last 26 years the exports of Germany to Sweden have increased at an annualized rate of 3.56%, from $12.3B in 1995 to $30.6B in 2021.

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 2021, Sweden ranked 8 in the Economic Complexity Index (ECI 1.54), and 32 in total exports ($185B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.81), and 3 in total exports ($1.56T).

Latest Trends

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December, 2022

About

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Overview In December 2022, Sweden exported SEK13.5B and imported SEK24B from Germany, resulting in a negative trade balance of SEK10.5B. Between December 2021 and December 2022 the exports of Sweden have decreased by SEK-121M (-0.89%) from SEK13.7B to SEK13.5B, while imports increased by SEK594M (2.53%) from SEK23.4B to SEK24B.

Trade In December 2022, the top exports of Sweden to Germany were Cars (SEK920M), Reaction and Catalytic Products (SEK626M), Vaccines, blood, antisera, toxins and cultures (SEK624M), Packaged Medicaments (SEK604M), and Kaolin Coated Paper (SEK511M). In December 2022 the top imports of Sweden from Germany were Cars (SEK2.3B), Motor vehicles; parts and accessories (8701... (SEK1.1B), Computers (SEK517M), Vaccines, blood, antisera, toxins and cultures (SEK412M), and Packaged Medicaments (SEK367M).

Growth In December 2022, the decrease in Sweden's year-by-year exports to Germany was explained primarily by an decrease in product exports in Iron Ore (SEK-78M or -14.6%), Other Furniture (SEK-39.7M or -37.3%), and Motor-working Tools (SEK-39.4M or -42.5%). In December 2022, the increase in Sweden's year-by-year imports from Germany was explained primarily by an increase in product imports in Radioactive Chemicals (SEK252M or 27.6k%), Refined Petroleum (SEK171M or 212%), and Nitrogenous Fertilizers (SEK138M or 230%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (December 2021 - December 2022): SEK-121M, (-0.89%)

IMPORT GROWTH (December 2021 - December 2022): SEK594M, (2.53%)

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.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Sweden exported $19.1B to Germany. The main products exported from Sweden to Germany were Cars ($1.25B), Iron Ore ($814M), and Vaccines, blood, antisera, toxins and cultures ($749M). During the last 26 years the exports of Sweden to Germany have increased at an annualized rate of 2.56%, from $9.88B in 1995 to $19.1B in 2021.

In 2021, Germany exported $30.6B to Sweden. The main products exported from Germany to Sweden were Cars ($3.33B), Motor vehicles; parts and accessories (8701 to 8705) ($1.42B), and Computers ($900M). During the last 26 years the exports of Germany to Sweden have increased at an annualized rate of 3.56%, from $12.3B in 1995 to $30.6B in 2021.

Market Competitiveness

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Color

SectionYear

Sweden
Top Destination: Germany, $19.1B

Germany
Top Destination: United States, $135B

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 2021, countries that imported more from Sweden than Germany were Norway ($17.4B), Bahrain ($201M), and Gibraltar ($225M).

In 2021, countries that imported more from Germany than Sweden were United States ($135B), China ($121B), and France ($119B).

Comparative Advantage Sweden - Germany

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Flow

Scale

Year

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

During 2021, Sweden had a large net trade with Germany in the exports of Machines ($3.47B), Metals ($3.29B), and Chemical Products ($2.75B).

During 2021, Germany had a large net trade with Sweden in the exports of Machines ($9.74B), Transportation ($5.68B), and Chemical Products ($3.81B).

Service Trade

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Bilateral Service Trade

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Deu YearSwe Year

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.

Economic Complexity

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Competitive Landscape

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Year

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 Germany. Similarly, the more yellow a dot/product is, the more Germany has comparative advantage over Sweden.

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Sweden - Germany

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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