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2022
Flag → Flag
Exports $9.31BRnk 5 / 217
2022
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Top Product $2.3BRefined Petroleum
2022
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Exports $6.56BRnk 3 / 207
2022
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Top Product $1.86BRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
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 Trade: In 2022, Sweden exported $9.31B to Finland. The main products that Sweden exported to Finland were Refined Petroleum ($2.3B), Electricity ($1.75B), and Cars ($591M). Over the past 5 years the exports of Sweden to Finland have increased at an annualized rate of 20%, from $3.74B in 2017 to $9.31B 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 Trade: In 2022, Finland exported $6.56B 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). Over the past 5 years the exports of Finland to Sweden have increased at an annualized rate of 9.93%,  from $4.09B in 2017 to $6.56B 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 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Latest Trends

March, 2024

About

Overview In March 2024, Sweden exported SEK11B and imported SEK6.64B from Finland, resulting in a positive trade balance of SEK4.36B. Between March 2023 and March 2024 the exports of Sweden have decreased by SEK-883M (-7.43%) from SEK11.9B to SEK11B, while imports decreased by SEK-525M (-7.33%) from SEK7.16B to SEK6.64B.

Trade In March 2024, the top exports of Sweden to Finland were Refined Petroleum (SEK3B), Refined Petroleum (SEK2.62B), Refined Petroleum (SEK2.56B), Refined Petroleum (SEK2.52B), and Electricity (SEK2.43B). In March 2024 the top imports of Sweden from Finland were Refined Petroleum (SEK2.03B), Refined Petroleum (SEK2.03B), Refined Petroleum (SEK1.83B), Refined Petroleum (SEK1.82B), and Refined Petroleum (SEK1.82B).

Growth In March 2024, the decrease in Sweden's year-by-year exports to Finland was explained primarily by an decrease in product exports in . In March 2024, the decrease in Sweden's year-by-year imports  from Finland was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)SEK-883M(-7.43%)
IMPORT GROWTH (March 2023 - March 2024)SEK-525M(-7.33%)

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.

For full datasets download visit Bulk Download page.

Explore Finland and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $9.31B to Finland. The main products exported from Sweden to Finland were Refined Petroleum ($2.3B), Electricity ($1.75B), and Cars ($591M). During the last 5 years the exports of Sweden to Finland have increased at an annualized rate of 20%, from $3.74B in 2017 to $9.31B in 2022.

In 2017, Finland exported $6.56B 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 22 years the exports of Finland to Sweden have increased at an annualized rate of 9.93%, from $4.09B in 1995 to $6.56B in 2017.

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 2022, countries that imported more from Sweden than Finland included Norway ($18.7B), Denmark ($14.6B), and Germany ($19.2B).

In 2022, countries that imported more from Finland than Sweden included 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 2017, Finland had a large net trade with Sweden in the exports of Mineral Products ($2.17B), Metals ($1.82B), and Machines ($1.34B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Finland+$51.5MPackaged Medicaments
Top Product Potential Finland Sweden+$80.7MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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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)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and Finland. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Finland. Similarly, a dot/product with the flag of Finland indicates it has a comparative advantage over Sweden.

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

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