Sweden (SWE) and Spain (ESP) Trade | OEC - The Observatory of Economic Complexity

About

Sweden-Spain In 2020, Sweden exported $2.98B to Spain. The main products that Sweden exported to Spain are Non-fillet Fresh Fish ($424M), Cars ($209M), and Packaged Medicaments ($168M). During the last 25 years the exports of Sweden to Spain have increased at an annualized rate of 2.38%, from $1.66B in 1995 to $2.98B in 2020.

In 2020, Sweden exported services to Spain worth $1.08B, with Personal, cultural, and recreational services ($290M), Other business services ($246M), and Computer and information services ($234M) being the largest in terms of value.

Spain-Sweden In 2020, Spain exported $2.83B to Sweden. The main products that Spain exported to Sweden were Cars ($255M), Motor vehicles; parts and accessories (8701 to 8705) ($92M), and Delivery Trucks ($84.4M). During the last 25 years the exports of Spain to Sweden have increased at an annualized rate of 4.85%, from $864M in 1995 to $2.83B in 2020.

In 2009, Spain exported services to Sweden worth $3.09B, with Services not allocated ($1.72B), Travel ($1.13B), and Transportation ($241M) being the largest in terms of value.

Comparison In 2020, Sweden ranked 7 in the Economic Complexity Index (ECI 1.59), and 32 in total exports ($152B). That same year, Spain ranked 34 in the Economic Complexity Index (ECI 0.76), and 17 in total exports ($298B).

Latest Trends

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November, 2022

About

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Overview In November 2022, Sweden exported SEK3.27B and imported SEK3.1B from Spain, resulting in a positive trade balance of SEK173M. Between November 2021 and November 2022 the exports of Sweden have increased by SEK486M (17.4%) from SEK2.79B to SEK3.27B, while imports increased by SEK473M (18%) from SEK2.63B to SEK3.1B.

Trade In November 2022, the top exports of Sweden to Spain were Non-fillet Fresh Fish (SEK306M), Refined Petroleum (SEK184M), Cars (SEK156M), Packaged Medicaments (SEK141M), and Sulfate Chemical Woodpulp (SEK111M). In November 2022 the top imports of Sweden from Spain were Nuclear Reactors (SEK436M), Acyclic Hydrocarbons (SEK136M), Copper Ore (SEK116M), Delivery Trucks (SEK116M), and Citrus (SEK94M).

Growth In November 2022, the increase in Sweden's year-by-year exports to Spain was explained primarily by an increase in product exports in Cars (SEK54.4M or 53.7%), Packaged Medicaments (SEK46.4M or 49.1%), and Refined Petroleum (SEK23.8M or 14.9%). In November 2022, the increase in Sweden's year-by-year imports from Spain was explained primarily by an increase in product imports in Acyclic Hydrocarbons (SEK136M or 13.6M%), Iron Structures (SEK63.8M or 593%), and Electric Batteries (SEK39.7M or 487%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (November 2021 - November 2022): SEK486M, (17.4%)

IMPORT GROWTH (November 2021 - November 2022): SEK473M, (18%)

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 Spain 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 2020, Sweden exported $2.98B to Spain. The main products exported from Sweden to Spain were Non-fillet Fresh Fish ($424M), Cars ($209M), and Packaged Medicaments ($168M). During the last 25 years the exports of Sweden to Spain have increased at an annualized rate of 2.38%, from $1.66B in 1995 to $2.98B in 2020.

In 2020, Spain exported $2.83B to Sweden. The main products exported from Spain to Sweden were Cars ($255M), Motor vehicles; parts and accessories (8701 to 8705) ($92M), and Delivery Trucks ($84.4M). During the last 25 years the exports of Spain to Sweden have increased at an annualized rate of 4.85%, from $864M in 1995 to $2.83B in 2020.

Market Competitiveness

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Measure

SectionYear

Sweden
Top Destination: Germany, $15.9B

Spain
Top Destination: France, $47.6B

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

In 2019, countries that imported more from Sweden than Spain were Norway ($14.2B), Denmark ($11.6B), and Finland ($9.44B).

In 2019, countries that imported more from Spain than Sweden were France ($47.6B), Portugal ($23.8B), and Italy ($22.8B).

Comparative Advantage Sweden - Spain

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Flow

Scale

Year

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

During 2020, Sweden had a large net trade with Spain in the exports of Animal Products ($547M), Machines ($484M), and Paper Goods ($392M).

During 2020, Spain had a large net trade with Sweden in the exports of Transportation ($518M), Machines ($462M), and Vegetable Products ($382M).

Service Trade

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Bilateral Service Trade

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Esp YearSwe Year

In 2020, Sweden exported services to Spain worth $1.08B, with Personal, cultural, and recreational services ($290M), Other business services ($246M), and Computer and information services ($234M) being the largest in terms of value.

In 2009, Spain exported services to Sweden worth $3.09B, with Services not allocated ($1.72B), Travel ($1.13B), and Transportation ($241M) 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 Spain. Similarly, the more yellow a dot/product is, the more Spain 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 - Spain

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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