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2022
Flag → Flag
Exports $434MRnk 46 / 217
2022
Flag → Flag
Top Product $39.1MPackaged Medicaments
2022
Flag → Flag
Exports $611MRnk 44 / 218
2022
Flag → Flag
Top Product $94MStearic Acid
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 1.09Rnk 24 / 133
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$406BCURRENT US$
Rnk 36 / 186
2012-2022
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GDP GROWTH29.2%CURRENT US$
Rnk 102 / 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$11,972CURRENT US$
Rnk 69 / 186
2012-2022
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GDP PC GROWTH12.9%CURRENT US$
Rnk 104 / 186

About

Sweden-Malaysia Trade: In 2022, Sweden exported $434M to Malaysia. The main products that Sweden exported to Malaysia were Packaged Medicaments ($39.1M), Ball Bearings ($29.2M), and Kraft Paper ($23.1M). Over the past 5 years the exports of Sweden to Malaysia have increased at an annualized rate of 1.45%, from $404M in 2017 to $434M in 2022.

In 2020, Sweden exported services to Malaysia worth $75.4M, with Computer and information services ($25.2M), Personal, cultural, and recreational services ($17M), and Other business services ($11.2M) being the largest in terms of value.

Malaysia-Sweden Trade: In 2022, Malaysia exported $611M to Sweden. The main products that Malaysia exported to Sweden were Stearic Acid ($94M), Palm Oil ($59M), and Rubber Apparel ($52.3M). Over the past 5 years the exports of Malaysia to Sweden have increased at an annualized rate of 7.01%,  from $435M in 2017 to $611M in 2022.

In 2022, Malaysia 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, Malaysia ranked 24 in the Economic Complexity Index (ECI 1.09), and 22 in total exports ($378B).

Latest Trends

May, 2024

About

Overview In May 2024, Sweden exported SEK272M and imported SEK141M from Malaysia, resulting in a positive trade balance of SEK130M. Between May 2023 and May 2024 the exports of Sweden have decreased by SEK-12.5M (-4.41%) from SEK284M to SEK272M, while imports decreased by SEK-336M (-70.4%) from SEK478M to SEK141M.

Trade In May 2024, the top exports of Sweden to Malaysia were Ball Bearings (SEK22.2M), Motor vehicle (8701 to 8705) chassis... (SEK14.6M), Glass Working Machines (SEK14.5M), Flat-Rolled Stainless Steel (SEK14.3M), and Packaged Medicaments (SEK12.3M). In May 2024 the top imports of Sweden from Malaysia were Palm Oil (SEK55.2M), Coconut Oil (SEK54.9M), Industrial Fatty Acids, Oils and Alcohols (SEK37.2M), Integrated Circuits (SEK32.8M), and Prefabricated Buildings (SEK20.3M).

Growth In May 2024, the decrease in Sweden's year-by-year exports to Malaysia was explained primarily by an decrease in product exports in Centrifuges (SEK-13.6M or -89.7%), Telephones (SEK-11M or -88.6%), and Metalworking Machine Parts (SEK-4.78M or -92.1%). In May 2024, the decrease in Sweden's year-by-year imports  from Malaysia was explained primarily by an decrease in product imports  in Industrial Fatty Acids, Oils and Alcohols (SEK-60.1M or -61.8%), Rubber Apparel (SEK-14.1M or -51.4%), and Motor vehicles; parts and accessories (8701... (SEK-12.5M or -89.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (May 2023 - May 2024)SEK-12.5M(-4.41%)
IMPORT GROWTH (May 2023 - May 2024)SEK-336M(-70.4%)

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 Malaysia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Malaysia and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $434M to Malaysia. The main products exported from Sweden to Malaysia were Packaged Medicaments ($39.1M), Ball Bearings ($29.2M), and Kraft Paper ($23.1M). During the last 5 years the exports of Sweden to Malaysia have increased at an annualized rate of 1.45%, from $404M in 2017 to $434M in 2022.

In 2017, Malaysia exported $611M to Sweden. The main products exported from Malaysia to Sweden were Stearic Acid ($94M), Palm Oil ($59M), and Rubber Apparel ($52.3M). During the last 5 years the exports of Malaysia to Sweden have increased at an annualized rate of 7.01%, from $435M in 2022 to $611M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Malaysia
Top DestinationSingapore$53.8B

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

In 2022, countries that imported more from Sweden than Malaysia included Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

In 2022, countries that imported more from Malaysia than Sweden included Singapore ($53.8B), China ($48.5B), and United States ($44.2B).

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

Comparative Advantage Sweden - Malaysia

Flow
Scale

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

During 2022, Sweden had a large net trade with Malaysia in the exports of Machines ($174M), Chemical Products ($64.3M), and Metals ($44.3M).

During 2017, Malaysia had a large net trade with Sweden in the exports of Animal and Vegetable Bi-Products ($218M), Machines ($166M), and Plastics and Rubbers ($68.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Malaysia+$19.7MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Malaysia Sweden+$41MIntegrated Circuits

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

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

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