2022
Flag  
GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC 
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186

About

Sweden-Spain Trade: In 2022, Sweden exported $4.03B to Spain. The main products that Sweden exported to Spain were Non-fillet Fresh Fish ($593M), Packaged Medicaments ($232M), and Cars ($230M). Over the past 5 years the exports of Sweden to Spain have increased at an annualized rate of 6.62%, from $2.93B in 2017 to $4.03B in 2022.

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 Trade: In 2022, Spain exported $3.76B to Sweden. The main products that Spain exported to Sweden were Cars ($359M), Motor vehicles; parts and accessories (8701 to 8705) ($141M), and Delivery Trucks ($123M). Over the past 5 years the exports of Spain to Sweden have increased at an annualized rate of 8.68%,  from $2.48B in 2017 to $3.76B in 2022.

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 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $4.03B to Spain. The main products exported from Sweden to Spain were Non-fillet Fresh Fish ($593M), Packaged Medicaments ($232M), and Cars ($230M). During the last 5 years the exports of Sweden to Spain have increased at an annualized rate of 6.62%, from $2.93B in 2017 to $4.03B in 2022.

In 2017, Spain exported $3.76B to Sweden. The main products exported from Spain to Sweden were Cars ($359M), Motor vehicles; parts and accessories (8701 to 8705) ($141M), and Delivery Trucks ($123M). During the last 5 years the exports of Spain to Sweden have increased at an annualized rate of 8.68%, from $2.48B in 2022 to $3.76B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top Destination
Germany$19.2B
Spain
Top Destination
France$65.2B

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 2022, countries that imported more from Sweden than Spain included Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

In 2022, countries that imported more from Spain than Sweden included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

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

Comparative Advantage Sweden - Spain

Flow
Scale

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

During 2022, Sweden had a large net trade with Spain in the exports of Animal Products ($757M), Machines ($617M), and Paper Goods ($547M).

During 2017, Spain had a large net trade with Sweden in the exports of Machines ($800M), Transportation ($773M), and Metals ($411M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Spain+$148MCars
Top Product Potential Spain Sweden+$163MCars

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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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and Spain. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Sweden.

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

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