2021
Flag  
GDP
$637BCURRENT US$
Rnk 22 / 204
2011-2021
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GDP GROWTH
10.9%CURRENT US$
Rnk 143 / 204
2021
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 GDP
$296BCURRENT US$
Rnk 45 / 204
2011-2021
Flag
GDP GROWTH
7.54%CURRENT US$
Rnk 152 / 204
2021
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GDP PC 
$61,143CURRENT US$
Rnk 16 / 204
2011-2021
Flag
GDP PC GROWTH
0.64%CURRENT US$
Rnk 142 / 204
2021
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GDP PC
$53,490CURRENT US$
Rnk 22 / 204
2011-2021
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GDP PC GROWTH
4.58%CURRENT US$
Rnk 131 / 204

About

Sweden-Finland In 2021, Sweden exported $11.9B to Finland. The main products that Sweden exported to Finland are Refined Petroleum ($1.33B), Electricity ($1.03B), and Cars ($820M). During the last 26 years the exports of Sweden to Finland have increased at an annualized rate of 4.56%, from $3.74B in 1995 to $11.9B in 2021.

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 2021, Finland exported $7.85B to Sweden. The main products that Finland exported to Sweden were Refined Petroleum ($1.23B), Coated Flat-Rolled Iron ($267M), and Flat Flat-Rolled Steel ($252M). During the last 26 years the exports of Finland to Sweden have increased at an annualized rate of 2.54%, from $4.09B in 1995 to $7.85B in 2021.

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 2021,  Sweden ranked 8 in the Economic Complexity Index (ECI 1.54), and 32 in total exports ($185B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.42), and 43 in total exports ($83.1B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Sweden exported $11.9B to Finland. The main products exported from Sweden to Finland were Refined Petroleum ($1.33B), Electricity ($1.03B), and Cars ($820M). During the last 26 years the exports of Sweden to Finland have increased at an annualized rate of 4.56%, from $3.74B in 1995 to $11.9B in 2021.

In 2021, Finland exported $7.85B to Sweden. The main products exported from Finland to Sweden were Refined Petroleum ($1.23B), Coated Flat-Rolled Iron ($267M), and Flat Flat-Rolled Steel ($252M). During the last 26 years the exports of Finland to Sweden have increased at an annualized rate of 2.54%, from $4.09B in 1995 to $7.85B in 2021.

Exports from Sweden (Flag) to Finland (Flag) (2021)

Exports from Finland (Flag) to Sweden (Flag) (2021)

Market Competitiveness

Color
Sweden
Top Destination
Germany$19.1B
Finland
Top Destination
Germany$10.4B

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 ($17.4B), Denmark ($14.5B), and United States ($15.2B).

In 2021, countries that imported more from Finland than Sweden were Russia ($4.36B), Estonia ($2.6B), and Uruguay ($299M).

Difference in imports from Finland (Flag) and Sweden (Flag) (2021)

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 2021, Sweden had a large net trade with Finland in the exports of Mineral Products ($3.24B), Machines ($2.67B), and Transportation ($1.42B).

During 2021, Finland had a large net trade with Sweden in the exports of Metals ($1.75B), Mineral Products ($1.55B), and Machines ($1.23B).

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) (2021)

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