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2022
Flag → Flag
Exports $194MRnk 66 / 217
2022
Flag → Flag
Top Product $58.6MPackaged Medicaments
2022
Flag → Flag
Exports $164MRnk 31 / 156
2022
Flag → Flag
Top Product $153MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.44Rnk 46 / 133
2022
Flag  
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$185BCURRENT US$
Rnk 56 / 186
2012-2022
Flag
GDP GROWTH6.04%CURRENT US$
Rnk 152 / 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
Flag
GDP PC$43,233CURRENT US$
Rnk 24 / 186
2012-2022
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GDP PC GROWTH-15.7%CURRENT US$
Rnk 166 / 186

About

Sweden-Kuwait Trade: In 2022, Sweden exported $194M to Kuwait. The main products that Sweden exported to Kuwait were Packaged Medicaments ($58.6M), Cars ($23.3M), and Electric Batteries ($12.7M). Over the past 5 years the exports of Sweden to Kuwait have increased at an annualized rate of 6.95%, from $139M in 2017 to $194M in 2022.

In 2022, Sweden did not export any services to Kuwait.

Kuwait-Sweden Trade: In 2022, Kuwait exported $164M to Sweden. The main products that Kuwait exported to Sweden were Refined Petroleum ($153M), Nickel Pipes ($8.86M), and Ethylene Polymers ($1.25M). Over the past 5 years the exports of Kuwait to Sweden have increased at an annualized rate of 23.5%,  from $56.9M in 2017 to $164M in 2022.

In 2022, Kuwait 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, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B).

Latest Trends

May, 2024

About

Overview In May 2024, Sweden exported SEK50.2M and imported SEK775M from Kuwait, resulting in a negative trade balance of SEK725M. Between May 2023 and May 2024 the exports of Sweden have decreased by SEK-48.2M (-49%) from SEK98.4M to SEK50.2M, while imports increased by SEK758M (4.28k%) from SEK17.7M to SEK775M.

Trade In May 2024, the top exports of Sweden to Kuwait were Sanitary towels (pads) (SEK5.97M), Electric Batteries (SEK4.27M), Fork-Lifts (SEK3.8M), Washing and Bottling Machines (SEK3.65M), and High-voltage Protection Equipment (SEK2.49M). In May 2024 the top imports of Sweden from Kuwait were Refined Petroleum (SEK438M), Ethylene Polymers (SEK327k), Computers (SEK169k), Machinery Having Individual Functions (SEK169k), and Oscilloscopes (SEK16k).

Growth In May 2024, the decrease in Sweden's year-by-year exports to Kuwait was explained primarily by an decrease in product exports in Packaged Medicaments (SEK-31.3M or -100%), Low-voltage Protection Equipment (SEK-646k or -99.1%), and Other Furniture (SEK-527k or -90.2%). In May 2024, the increase in Sweden's year-by-year imports  from Kuwait was explained primarily by an increase in product imports  in Oscilloscopes (SEK8k or 100%), Leather Footwear (SEK6k or 66.7%), and Imitation Jewellery (SEK3k or 300%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (May 2023 - May 2024)SEK-48.2M(-49%)
IMPORT GROWTH (May 2023 - May 2024)SEK758M(4.28k%)

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 Kuwait and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Kuwait and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $194M to Kuwait. The main products exported from Sweden to Kuwait were Packaged Medicaments ($58.6M), Cars ($23.3M), and Electric Batteries ($12.7M). During the last 5 years the exports of Sweden to Kuwait have increased at an annualized rate of 6.95%, from $139M in 2017 to $194M in 2022.

In 2017, Kuwait exported $164M to Sweden. The main products exported from Kuwait to Sweden were Refined Petroleum ($153M), Nickel Pipes ($8.86M), and Ethylene Polymers ($1.25M). During the last 5 years the exports of Kuwait to Sweden have increased at an annualized rate of 23.5%, from $56.9M in 2022 to $164M in 2017.

Exports from Sweden (Flag) to Kuwait (Flag) (2022)

Exports from Kuwait (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Kuwait
Top DestinationChina$24.3B

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

In 2022, countries that imported more from Sweden than Kuwait included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from Kuwait than Sweden included China ($24.3B), India ($15B), and South Korea ($10.8B).

Difference in imports from Kuwait (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - Kuwait

Flow
Scale

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

During 2022, Sweden had a large net trade with Kuwait in the exports of Chemical Products ($63.2M), Machines ($48.2M), and Transportation ($28.1M).

During 2017, Kuwait had a large net trade with Sweden in the exports of Mineral Products ($153M), Metals ($8.95M), and Plastics and Rubbers ($1.26M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Kuwait+$19.8MCars
Top Product Potential Kuwait Sweden+$53MRefined Petroleum

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

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

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