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2023
Flag → Flag
Exports $795MRnk 38 / 216
2023
Flag → Flag
Top Product $164MDelivery Trucks
2023
Flag → Flag
Exports $316MRnk 55 / 213
2023
Flag → Flag
Top Product $150MPalm Oil
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
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 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
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GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
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GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
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GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Sweden-Indonesia Trade: In 2023, Sweden exported $795M to Indonesia. The main products that Sweden exported to Indonesia were Delivery Trucks ($164M), Kraft Paper ($52.5M), and Other Heating Machinery ($44.1M). Over the past 5 years the exports of Sweden to Indonesia have increased at an annualized rate of 3.51%, from $669M in 2018 to $795M in 2023.

In 2020, Sweden exported services to Indonesia worth $164M, with Computer and information services ($62.7M), Royalties and license fees ($26.6M), and Financial services ($23.4M) being the largest in terms of value.

Indonesia-Sweden Trade: In 2023, Indonesia exported $316M to Sweden. The main products that Indonesia exported to Sweden were Palm Oil ($150M), Leather Footwear ($10.8M), and Coconut Oil ($9.05M). Over the past 5 years the exports of Indonesia to Sweden have increased at an annualized rate of 4.17%,  from $186M in 2018 to $316M in 2023.

In 2023, Indonesia did not export any services to Sweden.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK288M and imported SEK182M from Indonesia, resulting in a positive trade balance of SEK105M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-108M (-27.2%) from SEK396M to SEK288M, while imports decreased by SEK-24.4M (-11.8%) from SEK207M to SEK182M.

Trade In October 2024, the top exports of Sweden to Indonesia were Delivery Trucks (SEK57.9M), Gas Turbines (SEK29.9M), Packaged Medicaments (SEK22.4M), Kraft Paper (SEK20.7M), and Excavation Machinery (SEK20.6M). In October 2024 the top imports of Sweden from Indonesia were Palm Oil (SEK174M), Leather Footwear (SEK10.5M), Knit Women's Suits (SEK9.48M), Saturated Acyclic Monocarboxylic Acids (SEK9.3M), and Bicycles, delivery tricycles, other cycles (SEK9.07M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Indonesia was explained primarily by an decrease in product exports in Dissolving Grades Chemical Woodpulp (SEK-18.3M or -52.9%), Other Construction Vehicles (SEK-10.4M or -61.3%), and Telephones (SEK-4.63M or -94.3%). In October 2024, the decrease in Sweden's year-by-year imports  from Indonesia was explained primarily by an decrease in product imports  in Seats (SEK-15.4M or -73.5%), Wood Carpentry (SEK-3.89M or -73.6%), and Coconut Oil (SEK-3.87M or -47.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-108M(-27.2%)
IMPORT GROWTH (October 2023 - October 2024)SEK-24.4M(-11.8%)

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 Indonesia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Indonesia and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $795M to Indonesia. The main products exported from Sweden to Indonesia were Delivery Trucks ($164M), Kraft Paper ($52.5M), and Other Heating Machinery ($44.1M). During the last 5 years the exports of Sweden to Indonesia have increased at an annualized rate of 3.51%, from $669M in 2018 to $795M in 2023.

In 2018, Indonesia exported $316M to Sweden. The main products exported from Indonesia to Sweden were Palm Oil ($150M), Leather Footwear ($10.8M), and Coconut Oil ($9.05M). During the last 5 years the exports of Indonesia to Sweden have increased at an annualized rate of 4.17%, from $186M in 2023 to $316M in 2018.

Exports from Sweden (Flag) to Indonesia (Flag) (2023)

Exports from Indonesia (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Sweden than Indonesia included Denmark ($14.4B), Germany ($18.4B), and Norway ($10.9B).

In 2023, countries that imported more from Indonesia than Sweden included China ($70.7B), India ($24B), and Japan ($23.7B).

Difference in imports from Indonesia (Flag) and Sweden (Flag) (2023)

Comparative Advantage Sweden - Indonesia

Flow
Scale

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

During 2023, Sweden had a large net trade with Indonesia in the exports of Machines ($267M), Transportation ($224M), and Paper Goods ($123M).

During 2018, Indonesia had a large net trade with Sweden in the exports of Animal and Vegetable Bi-Products ($162M), Textiles ($51.2M), and Footwear and Headwear ($21.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Indonesia+$21.9MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Indonesia Sweden+$10.2MLeather Footwear

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 Indonesia. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and Indonesia (Flag) (2023)

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