2022
Flag  
GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 186
2022
Flag
GDP PC 
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 186

About

Sweden-Hong Kong Trade: In 2022, Sweden exported $291M to Hong Kong. The main products that Sweden exported to Hong Kong were Kaolin Coated Paper ($30.3M), Packaged Medicaments ($29.4M), and Other Plastic Products ($17.6M). Over the past 5 years the exports of Sweden to Hong Kong have decreased at an annualized rate of 8.23%, from $448M in 2017 to $291M in 2022.

In 2020, Sweden exported services to Hong Kong worth $304M, with Other business services ($98.3M), Royalties and license fees ($93.8M), and Personal, cultural, and recreational services ($40.7M) being the largest in terms of value.

Hong Kong-Sweden Trade: In 2022, Hong Kong exported $256M to Sweden. The main products that Hong Kong exported to Sweden were Printed Circuit Boards ($29.2M), Broadcasting Equipment ($27.7M), and Integrated Circuits ($21.6M). Over the past 5 years the exports of Hong Kong to Sweden have decreased at an annualized rate of 2.53%,  from $314M in 2017 to $256M in 2022.

In 2022, Hong Kong did not export any services to Sweden.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $291M to Hong Kong. The main products exported from Sweden to Hong Kong were Kaolin Coated Paper ($30.3M), Packaged Medicaments ($29.4M), and Other Plastic Products ($17.6M). During the last 5 years the exports of Sweden to Hong Kong have decreased at an annualized rate of 8.23%, from $448M in 2017 to $291M in 2022.

In 2017, Hong Kong exported $256M to Sweden. The main products exported from Hong Kong to Sweden were Printed Circuit Boards ($29.2M), Broadcasting Equipment ($27.7M), and Integrated Circuits ($21.6M). During the last 5 years the exports of Hong Kong to Sweden have decreased at an annualized rate of 2.53%, from $314M in 2022 to $256M in 2017.

Exports from Sweden (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top Destination
Germany$19.2B
Hong Kong
Top Destination
China$23.4B

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

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

In 2022, countries that imported more from Hong Kong than Sweden included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

Difference in imports from Hong Kong (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - Hong Kong

Flow
Scale

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

During 2022, Sweden had a large net trade with Hong Kong in the exports of Machines ($80.2M), Chemical Products ($50.1M), and Paper Goods ($42.3M).

During 2017, Hong Kong had a large net trade with Sweden in the exports of Machines ($159M), Miscellaneous ($20.9M), and Instruments ($18.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Hong Kong+$18.5MTelephones
Top Product Potential Hong Kong Sweden+$40.4MTelephones

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Sweden (Flag) and Hong Kong (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with