Flag Sweden / Finland Flag

2020
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Exports
: $9.44B, Rnk 5 / 216

2020
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Top Product
: $816M, Refined Petroleum

2020
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Exports
: $6.52B, Rnk 2 / 212

2020
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Top Product
: $1.26B, Refined Petroleum

2020
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Economic Complexity (ECI)
: ECI 1.59, Rnk 7 / 127

2020
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Economic Complexity (ECI)
: ECI 1.47, Rnk 11 / 127

2020
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GDP
: $541B, CURRENT US$
Rnk 22 / 195

2010-2020
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GDP GROWTH
: 9.16%, CURRENT US$
Rnk 142 / 195

2020
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 GDP
: $270B, CURRENT US$
Rnk 42 / 195

2010-2020
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GDP GROWTH
: 8.19%, CURRENT US$
Rnk 145 / 195

2020
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GDP PC 
: $52,274, CURRENT US$
Rnk 13 / 195

2010-2020
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GDP PC GROWTH
: -1.12%, CURRENT US$
Rnk 144 / 195

2020
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GDP PC
: $48,745, CURRENT US$
Rnk 16 / 195

2010-2020
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GDP PC GROWTH
: 4.92%, CURRENT US$
Rnk 120 / 195

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 2019, Sweden exported services to Finland worth $452M, with Other business services ($137M), Transportation ($115M), and Travel ($62M) 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 2016, Finland exported services to Sweden worth $3.09B, with Other business services ($987M), Computer and information services ($541M), and Transportation ($516M) 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).

Historical Data

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Bilateral Trade by Products

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Depth
Value

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

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

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).

Bilateral Service Trade

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In 2019, Sweden exported services to Finland worth $452M, with Other business services ($137M), Transportation ($115M), and Travel ($62M) being the largest in terms of value.

In 2016, Finland exported services to Sweden worth $3.09B, with Other business services ($987M), Computer and information services ($541M), and Transportation ($516M) 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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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.