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2022
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Exports $1.63BRnk 24 / 217
2022
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Top Product $401MCars
2022
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Exports $1.9BRnk 3 / 188
2022
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Top Product $170MBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
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$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
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GDP GROWTH65.5%CURRENT US$
Rnk 34 / 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$28,333CURRENT US$
Rnk 41 / 186
2012-2022
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GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186

About

Sweden-Estonia In 2022, Sweden exported $1.63B to Estonia. The main products that Sweden exported to Estonia are Cars ($401M), Refined Petroleum ($64.6M), and Delivery Trucks ($54.6M). During the last 27 years the exports of Sweden to Estonia have increased at an annualized rate of 7.32%, from $241M in 1995 to $1.63B in 2022.

In 2020, Sweden exported services to Estonia worth $204M, with Other business services ($95.6M), Travel ($28.6M), and Communications services ($20.9M) being the largest in terms of value.

Estonia-Sweden In 2022, Estonia exported $1.9B to Sweden. The main products that Estonia exported to Sweden were Broadcasting Equipment ($170M), Prefabricated Buildings ($147M), and Wood Carpentry ($84.9M). During the last 27 years the exports of Estonia to Sweden have increased at an annualized rate of 7.26%, from $286M in 1995 to $1.9B in 2022.

In 2020, Estonia exported services to Sweden worth $532M, with Transportation ($156M), Other business services ($156M), and Construction services ($99.7M) being the largest in terms of value.

Comparison In 2022,  Sweden ranked 7 in the Economic Complexity Index (ECI 1.5),  and 33 in total exports ($194B). That same year, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2023

About

Overview In December 2023, Sweden exported SEK1.13B and imported SEK843M from Estonia, resulting in a positive trade balance of SEK285M. Between December 2022 and December 2023 the exports of Sweden have increased by SEK158M (16.2%) from SEK971M to SEK1.13B, while imports decreased by SEK-683M (-44.8%) from SEK1.53B to SEK843M.

Trade In December 2023, the top exports of Sweden to Estonia were Cars (SEK426M), Integrated Circuits (SEK44.8M), Insulated Wire (SEK42.3M), Packaged Medicaments (SEK31M), and Delivery Trucks (SEK30.5M). In December 2023 the top imports of Sweden from Estonia were Telephones (SEK131M), Fuel Wood (SEK106M), Prefabricated Buildings (SEK72.4M), Rough Wood (SEK56.5M), and Motor vehicles; parts and accessories (8701... (SEK45.3M).

Growth In December 2023, the increase in Sweden's year-by-year exports to Estonia was explained primarily by an increase in product exports in Cars (SEK110M or 35%), Integrated Circuits (SEK20.4M or 83.9%), and Packaged Medicaments (SEK14.2M or 84.4%). In December 2023, the decrease in Sweden's year-by-year imports  from Estonia was explained primarily by an decrease in product imports  in Motor-working Tools (SEK-31M or -68.5%), Iron Structures (SEK-13.6M or -41.5%), and Mattresses (SEK-10.4M or -24.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)SEK158M(16.2%)
IMPORT GROWTH (December 2022 - December 2023)SEK-683M(-44.8%)

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 Estonia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1.63B to Estonia. The main products exported from Sweden to Estonia were Cars ($401M), Refined Petroleum ($64.6M), and Delivery Trucks ($54.6M). During the last 27 years the exports of Sweden to Estonia have increased at an annualized rate of 7.32%, from $241M in 1995 to $1.63B in 2022.

In 2022, Estonia exported $1.9B to Sweden. The main products exported from Estonia to Sweden were Broadcasting Equipment ($170M), Prefabricated Buildings ($147M), and Wood Carpentry ($84.9M). During the last 27 years the exports of Estonia to Sweden have increased at an annualized rate of 7.26%, from $286M in 1995 to $1.9B in 2022.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Estonia
Top DestinationFinland$3B

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

In 2021, countries that imported more from Sweden than Estonia were Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2021, countries that imported more from Estonia than Sweden were Latvia ($2.77B), Russia ($1.38B), and Belarus ($115M).

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

Comparative Advantage Sweden - Estonia

Flow
Scale

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

During 2022, Sweden had a large net trade with Estonia in the exports of Transportation ($523M), Machines ($303M), and Metals ($162M).

During 2022, Estonia had a large net trade with Sweden in the exports of Machines ($520M), Wood Products ($343M), and Miscellaneous ($283M).

Service Trade

Bilateral Service Trade

In 2020, Sweden exported services to Estonia worth $204M, with Other business services ($95.6M), Travel ($28.6M), and Communications services ($20.9M) being the largest in terms of value.

In 2020, Estonia exported services to Sweden worth $532M, with Transportation ($156M), Other business services ($156M), and Construction services ($99.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

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

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

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