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2023
Flag → Flag
Exports $489MRnk 46 / 216
2023
Flag → Flag
Top Product $46.5MPackaged Medicaments
2023
Flag → Flag
Exports $503MRnk 46 / 221
2023
Flag → Flag
Top Product $76.8MPalm Oil
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.04Rnk 27 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$400BCURRENT US$
Rnk 37 / 195
2013-2023
Flag
GDP GROWTH23.6%CURRENT US$
Rnk 130 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$11,379CURRENT US$
Rnk 85 / 196
2013-2023
Flag
GDP PC GROWTH6.21%CURRENT US$
Rnk 145 / 195

About

Sweden-Malaysia Trade: In 2023, Sweden exported $489M to Malaysia. The main products that Sweden exported to Malaysia were Packaged Medicaments ($46.5M), Tractors ($33.1M), and Ball Bearings ($33M). Over the past 5 years the exports of Sweden to Malaysia have increased at an annualized rate of 2.05%, from $442M in 2018 to $489M in 2023.

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 2023, Malaysia exported $503M to Sweden. The main products that Malaysia exported to Sweden were Palm Oil ($76.8M), Stearic Acid ($70.1M), and Rubber Apparel ($47.5M). Over the past 5 years the exports of Malaysia to Sweden have increased at an annualized rate of 2.58%,  from $443M in 2018 to $503M in 2023.

In 2023, Malaysia 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, Malaysia ranked 27 in the Economic Complexity Index (ECI 1.04), and 19 in total exports ($383B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK244M and imported SEK272M from Malaysia, resulting in a negative trade balance of SEK27.3M. Between October 2023 and October 2024 the exports of Sweden have increased by SEK24.3M (11%) from SEK220M to SEK244M, while imports decreased by SEK-7.85M (-2.81%) from SEK280M to SEK272M.

Trade In October 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 October 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 October 2024, the increase in Sweden's year-by-year exports to Malaysia was explained primarily by an increase in product exports in Flat-Rolled Stainless Steel (SEK14M or 5.04k%), Reaction and Catalytic Products (SEK8.16M or 2.69k%), and Machinery Having Individual Functions (SEK6.24M or 872%). In October 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 (October 2023 - October 2024)SEK24.3M(11%)
IMPORT GROWTH (October 2023 - October 2024)SEK-7.85M(-2.81%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $489M to Malaysia. The main products exported from Sweden to Malaysia were Packaged Medicaments ($46.5M), Tractors ($33.1M), and Ball Bearings ($33M). During the last 5 years the exports of Sweden to Malaysia have increased at an annualized rate of 2.05%, from $442M in 2018 to $489M in 2023.

In 2018, Malaysia exported $503M to Sweden. The main products exported from Malaysia to Sweden were Palm Oil ($76.8M), Stearic Acid ($70.1M), and Rubber Apparel ($47.5M). During the last 5 years the exports of Malaysia to Sweden have increased at an annualized rate of 2.58%, from $443M in 2023 to $503M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Malaysia
Top DestinationChina$79.8B

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 2023, countries that imported more from Sweden than Malaysia included Denmark ($14.4B), Norway ($10.9B), and Finland ($9.41B).

In 2023, countries that imported more from Malaysia than Sweden included China ($79.8B), Singapore ($47.3B), and United States ($44.9B).

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

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 2023, Sweden had a large net trade with Malaysia in the exports of Machines ($204M), Chemical Products ($66.3M), and Transportation ($60.8M).

During 2018, Malaysia had a large net trade with Sweden in the exports of Animal and Vegetable Bi-Products ($193M), Machines ($126M), and Plastics and Rubbers ($60.5M).

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) (2023)

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