Sweden (SWE) and Finland (FIN) Trade | OEC - The Observatory of Economic Complexity

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Sweden-Finland In 2020, Sweden exported $9.44B to Finland. The main products that Sweden exported to Finland are Refined Petroleum ($816M), Cars ($750M), and Electricity ($421M). During the last 25 years the exports of Sweden to Finland have increased at an annualized rate of 3.77%, from $3.74B in 1995 to $9.44B in 2020.

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 2020, Finland exported $6.52B to Sweden. The main products that Finland exported to Sweden were Refined Petroleum ($1.26B), Delivery Trucks ($147M), and Coated Flat-Rolled Iron ($146M). During the last 25 years the exports of Finland to Sweden have increased at an annualized rate of 1.88%, from $4.09B in 1995 to $6.52B in 2020.

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 2020, Sweden ranked 7 in the Economic Complexity Index (ECI 1.59), and 32 in total exports ($152B). That same year, Finland ranked 11 in the Economic Complexity Index (ECI 1.47), and 42 in total exports ($67.5B).

Latest Trends

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November, 2022

About

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Overview In November 2022, Sweden exported SEK12.9B and imported SEK7.46B from Finland, resulting in a positive trade balance of SEK5.4B. Between November 2021 and November 2022 the exports of Sweden have increased by SEK2.29B (21.6%) from SEK10.6B to SEK12.9B, while imports increased by SEK669M (9.85%) from SEK6.79B to SEK7.46B.

Trade In November 2022, the top exports of Sweden to Finland were Refined Petroleum (SEK640M), Iron Ore (SEK632M), Electricity (SEK583M), Cars (SEK565M), and Telephones (SEK353M). In November 2022 the top imports of Sweden from Finland were Refined Petroleum (SEK1.02B), Copper Ore (SEK154M), Coated Flat-Rolled Iron (SEK128M), Iron Structures (SEK96.7M), and Delivery Trucks (SEK79.4M).

Growth In November 2022, the increase in Sweden's year-by-year exports to Finland was explained primarily by an increase in product exports in Iron Ore (SEK361M or 133%), Electricity (SEK279M or 91.9%), and Metalworking Machine Parts (SEK51.4M or 1.19k%). In November 2022, the increase in Sweden's year-by-year imports from Finland was explained primarily by an increase in product imports in Copper Ore (SEK78.3M or 104%), Petroleum Gas (SEK51.4M or 57.8k%), and Precious Metal Ore (SEK47.9M or 245%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (November 2021 - November 2022): SEK2.29B, (21.6%)

IMPORT GROWTH (November 2021 - November 2022): SEK669M, (9.85%)

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

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Bilateral Trade by Products

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Depth

Value

Year

In 2020, Sweden exported $9.44B to Finland. The main products exported from Sweden to Finland were Refined Petroleum ($816M), Cars ($750M), and Electricity ($421M). During the last 25 years the exports of Sweden to Finland have increased at an annualized rate of 3.77%, from $3.74B in 1995 to $9.44B in 2020.

In 2020, Finland exported $6.52B to Sweden. The main products exported from Finland to Sweden were Refined Petroleum ($1.26B), Delivery Trucks ($147M), and Coated Flat-Rolled Iron ($146M). During the last 25 years the exports of Finland to Sweden have increased at an annualized rate of 1.88%, from $4.09B in 1995 to $6.52B in 2020.

Market Competitiveness

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Measure

SectionYear

Sweden
Top Destination: Germany, $15.9B

Finland
Top Destination: Germany, $8.77B

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 2019, countries that imported more from Sweden than Finland were Norway ($14.2B), Denmark ($11.6B), and Germany ($15.9B).

In 2019, countries that imported more from Finland than Sweden were Russia ($3.46B), Estonia ($1.78B), and El Salvador ($268M).

Comparative Advantage Sweden - Finland

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Flow

Scale

Year

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

During 2020, Sweden had a large net trade with Finland in the exports of Machines ($2.22B), Mineral Products ($1.7B), and Transportation ($1.26B).

During 2020, Finland had a large net trade with Sweden in the exports of Mineral Products ($1.55B), Metals ($1.09B), and Machines ($1.02B).

Service Trade

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Bilateral Service Trade

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Fin YearSwe Year

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.

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Sweden - Finland

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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