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2022
Flag → Flag
Exports $291MRnk 53 / 217
2022
Flag → Flag
Top Product $30.3MKaolin Coated Paper
2022
Flag → Flag
Exports $256MRnk 41 / 198
2022
Flag → Flag
Top Product $29.2MPrinted Circuit Boards
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
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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 GROWTH33.4%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 4.02%,  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).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK336M and imported SEK698M from Hong Kong, resulting in a negative trade balance of SEK362M. Between July 2023 and July 2024 the exports of Sweden have increased by SEK80.3M (31.4%) from SEK256M to SEK336M, while imports increased by SEK163M (30.4%) from SEK536M to SEK698M.

Trade In July 2024, the top exports of Sweden to Hong Kong were Vaccines, blood, antisera, toxins and cultures (SEK160M), Sulfate Chemical Woodpulp (SEK53.2M), Kaolin Coated Paper (SEK44.9M), Combustion Engines (SEK12.3M), and Cars (SEK7.58M). In July 2024 the top imports of Sweden from Hong Kong were Audio Alarms (SEK79.6M), Integrated Circuits (SEK50.6M), Printed Circuit Boards (SEK45.5M), Computers (SEK36.7M), and Other Domestic Electric Housewares (SEK25.5M).

Growth In July 2024, the increase in Sweden's year-by-year exports to Hong Kong was explained primarily by an increase in product exports in Vaccines, blood, antisera, toxins and cultures (SEK157M or 5.56k%), Kaolin Coated Paper (SEK20.3M or 82.4%), and Combustion Engines (SEK10.5M or 578%). In July 2024, the increase in Sweden's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Other Domestic Electric Housewares (SEK21.6M or 552%), Flat panel displays (SEK11.6M or 404%), and Baby Carriages (SEK4.74M or 9.49k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK80.3M(31.4%)
IMPORT GROWTH (July 2023 - July 2024)SEK163M(30.4%)

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 Hong Kong and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and Sweden Data

Go to Bulk Download

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 4.02%, 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 DestinationGermany$19.2B
Hong Kong
Top DestinationChina$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.

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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)

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