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Pricing

2022
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Exports $13.4BRnk 5 / 217
2022
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Top Product $2.3BRefined Petroleum
2022
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Exports $9.1BRnk 3 / 207
2022
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Top Product $1.86BRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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Economic Complexity (ECI) ECI 1.39Rnk 11 / 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$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 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$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Sweden-Finland In 2022, Sweden exported $13.4B to Finland. The main products that Sweden exported to Finland are Refined Petroleum ($2.3B), Electricity ($1.75B), and Cars ($591M). During the last 27 years the exports of Sweden to Finland have increased at an annualized rate of 4.84%, from $3.74B in 1995 to $13.4B in 2022.

In 2020, Sweden exported services to Finland worth $4.09B, with Other business services ($1.41B), Transportation ($983M), and Computer and information services ($493M) being the largest in terms of value.

Finland-Sweden In 2022, Finland exported $9.1B to Sweden. The main products that Finland exported to Sweden were Refined Petroleum ($1.86B), Coated Flat-Rolled Iron ($227M), and Flat Flat-Rolled Steel ($207M). During the last 27 years the exports of Finland to Sweden have increased at an annualized rate of 3.01%, from $4.09B in 1995 to $9.1B in 2022.

In 2020, Finland exported services to Sweden worth $3.21B, with Other business services ($1.1B), Computer and information services ($914M), and Transportation ($512M) 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, Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B).

Latest Trends

December, 2023

About

Overview In December 2023, Sweden exported SEK10.4B and imported SEK7.62B from Finland, resulting in a positive trade balance of SEK2.81B. Between December 2022 and December 2023 the exports of Sweden have decreased by SEK-938M (-8.25%) from SEK11.4B to SEK10.4B, while imports increased by SEK476M (6.66%) from SEK7.14B to SEK7.62B.

Trade In December 2023, the top exports of Sweden to Finland were Refined Petroleum (SEK1.8B), Electricity (SEK744M), Cars (SEK563M), Iron Ore (SEK432M), and Computers (SEK272M). In December 2023 the top imports of Sweden from Finland were Refined Petroleum (SEK1.04B), Electric Batteries (SEK387M), Flat Flat-Rolled Steel (SEK151M), Sulfate Chemical Woodpulp (SEK113M), and Other Agricultural Machinery (SEK104M).

Growth In December 2023, the decrease in Sweden's year-by-year exports to Finland was explained primarily by an decrease in product exports in Nuclear Reactors (SEK-354M or -99.9%), Video Displays (SEK-26.5M or -20.8%), and Raw Aluminium (SEK-20.5M or -30.1%). In December 2023, the increase in Sweden's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Sulfate Chemical Woodpulp (SEK94.9M or 537%), Electrical Transformers (SEK68.1M or 320%), and Delivery Trucks (SEK53.1M or 111%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)SEK-938M(-8.25%)
IMPORT GROWTH (December 2022 - December 2023)SEK476M(6.66%)

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 Finland and Sweden trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $13.4B to Finland. The main products exported from Sweden to Finland were Refined Petroleum ($2.3B), Electricity ($1.75B), and Cars ($591M). During the last 27 years the exports of Sweden to Finland have increased at an annualized rate of 4.84%, from $3.74B in 1995 to $13.4B in 2022.

In 2022, Finland exported $9.1B to Sweden. The main products exported from Finland to Sweden were Refined Petroleum ($1.86B), Coated Flat-Rolled Iron ($227M), and Flat Flat-Rolled Steel ($207M). During the last 27 years the exports of Finland to Sweden have increased at an annualized rate of 3.01%, from $4.09B in 1995 to $9.1B in 2022.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Finland
Top DestinationGermany$9.99B

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

In 2021, countries that imported more from Sweden than Finland were Norway ($18.7B), Denmark ($14.6B), and Germany ($19.2B).

In 2021, countries that imported more from Finland than Sweden were Estonia ($3.58B), Russia ($2.14B), and Latvia ($903M).

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

Comparative Advantage Sweden - Finland

Flow
Scale

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

During 2022, Sweden had a large net trade with Finland in the exports of Mineral Products ($4.94B), Machines ($2.54B), and Transportation ($1.17B).

During 2022, Finland had a large net trade with Sweden in the exports of Mineral Products ($2.17B), Metals ($1.82B), and Machines ($1.34B).

Service Trade

Bilateral Service Trade

In 2020, Sweden exported services to Finland worth $4.09B, with Other business services ($1.41B), Transportation ($983M), and Computer and information services ($493M) being the largest in terms of value.

In 2020, Finland exported services to Sweden worth $3.21B, with Other business services ($1.1B), Computer and information services ($914M), and Transportation ($512M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Finland (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 Finland. Similarly, the more yellow a dot/product is, the more Finland has comparative advantage over Sweden.

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

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