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Pricing

2022
Flag → Flag
Exports $10.6BRnk 6 / 217
2022
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Top Product $1.71BRefined Petroleum
2022
Flag → Flag
Exports $7.21BRnk 16 / 224
2022
Flag → Flag
Top Product $1.94BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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Economic Complexity (ECI) ECI 1.38Rnk 12 / 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$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Sweden-United Kingdom In 2022, Sweden exported $10.6B to United Kingdom. The main products that Sweden exported to United Kingdom are Refined Petroleum ($1.71B), Sawn Wood ($915M), and Gold ($840M). During the last 27 years the exports of Sweden to United Kingdom have increased at an annualized rate of 1.38%, from $7.34B in 1995 to $10.6B in 2022.

In 2020, Sweden exported services to United Kingdom worth $6.41B, with Other business services ($2.26B), Royalties and license fees ($1.58B), and Computer and information services ($1.13B) being the largest in terms of value.

United Kingdom-Sweden In 2022, United Kingdom exported $7.21B to Sweden. The main products that United Kingdom exported to Sweden were Crude Petroleum ($1.94B), Stainless Steel Ingots ($513M), and Cars ($434M). During the last 27 years the exports of United Kingdom to Sweden have increased at an annualized rate of 0.55%, from $6.22B in 1995 to $7.21B in 2022.

In 2019, United Kingdom exported services to Sweden worth $5.21B, with Other business services ($2.51B), Travel ($1.05B), and Financial services ($830M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38), and 14 in total exports ($469B).

Latest Trends

December, 2023

About

Overview In December 2023, Sweden exported SEK7.72B and imported SEK4.89B from United Kingdom, resulting in a positive trade balance of SEK2.83B. Between December 2022 and December 2023 the exports of Sweden have decreased by SEK-888M (-10.3%) from SEK8.61B to SEK7.72B, while imports decreased by SEK-493M (-9.16%) from SEK5.38B to SEK4.89B.

Trade In December 2023, the top exports of Sweden to United Kingdom were Refined Petroleum (SEK2.41B), Gold (SEK695M), Sawn Wood (SEK597M), Cars (SEK401M), and Packaged Medicaments (SEK379M). In December 2023 the top imports of Sweden from United Kingdom were Crude Petroleum (SEK413M), Cars (SEK302M), Stainless Steel Ingots (SEK288M), Radioactive Chemicals (SEK253M), and Motor vehicles; parts and accessories (8701... (SEK252M).

Growth In December 2023, the decrease in Sweden's year-by-year exports to United Kingdom was explained primarily by an decrease in product exports in Iron Ore (SEK-86.6M or -42.2%), Coal Tar Oil (SEK-58.3M or -22.9%), and Alcohol > 80% ABV (SEK-56.5M or -99.3%). In December 2023, the decrease in Sweden's year-by-year imports  from United Kingdom was explained primarily by an decrease in product imports  in Crude Petroleum (SEK-1.37B or -76.8%), Coal Tar Oil (SEK-162M or -99.6%), and Navigation Equipment (SEK-147M or -77.5%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)SEK-888M(-10.3%)
IMPORT GROWTH (December 2022 - December 2023)SEK-493M(-9.16%)

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 United Kingdom and Sweden trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $10.6B to United Kingdom. The main products exported from Sweden to United Kingdom were Refined Petroleum ($1.71B), Sawn Wood ($915M), and Gold ($840M). During the last 27 years the exports of Sweden to United Kingdom have increased at an annualized rate of 1.38%, from $7.34B in 1995 to $10.6B in 2022.

In 2022, United Kingdom exported $7.21B to Sweden. The main products exported from United Kingdom to Sweden were Crude Petroleum ($1.94B), Stainless Steel Ingots ($513M), and Cars ($434M). During the last 27 years the exports of United Kingdom to Sweden have increased at an annualized rate of 0.55%, from $6.22B in 1995 to $7.21B in 2022.

Exports from Sweden (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2021, countries that imported more from Sweden than United Kingdom were Norway ($18.7B), Finland ($13.4B), and Denmark ($14.6B).

In 2021, countries that imported more from United Kingdom than Sweden were United States ($61.8B), Netherlands ($41.9B), and Ireland ($32.6B).

Difference in imports from United Kingdom (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - United Kingdom

Flow
Scale

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

During 2022, Sweden had a large net trade with United Kingdom in the exports of Mineral Products ($2.19B), Machines ($1.85B), and Paper Goods ($1.06B).

During 2022, United Kingdom had a large net trade with Sweden in the exports of Mineral Products ($2.2B), Machines ($1.24B), and Metals ($1.07B).

Service Trade

Bilateral Service Trade

In 2020, Sweden exported services to United Kingdom worth $6.41B, with Other business services ($2.26B), Royalties and license fees ($1.58B), and Computer and information services ($1.13B) being the largest in terms of value.

In 2019, United Kingdom exported services to Sweden worth $5.21B, with Other business services ($2.51B), Travel ($1.05B), and Financial services ($830M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Sweden (Flag) (2019)

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

Product Space of Sweden (Flag) and United Kingdom (Flag) (2022)

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