Flag Sweden / Norway Flag

2021
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Exports
: $17.4B, Rnk 2 / 219

2021
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Top Product
: $1.54B, Refined Petroleum

2021
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Exports
: $13.7B, Rnk 3 / 204

2021
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Top Product
: $6.15B, Crude Petroleum

2021
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Economic Complexity (ECI)
: ECI 1.54, Rnk 8 / 131

2021
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Economic Complexity (ECI)
: ECI 0.69, Rnk 38 / 131

2021
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GDP
: $627B, CURRENT US$
Rnk 22 / 182

2011-2021
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GDP GROWTH
: 9.29%, CURRENT US$
Rnk 133 / 182

2021
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 GDP
: $482B, CURRENT US$
Rnk 27 / 182

2011-2021
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GDP GROWTH
: -3.18%, CURRENT US$
Rnk 156 / 182

2021
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GDP PC 
: $60,239, CURRENT US$
Rnk 11 / 182

2011-2021
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GDP PC GROWTH
: -0.85%, CURRENT US$
Rnk 130 / 182

2021
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GDP PC
: $89,203, CURRENT US$
Rnk 5 / 182

2011-2021
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GDP PC GROWTH
: -11.3%, CURRENT US$
Rnk 150 / 182

Sweden-Norway In 2021, Sweden exported $17.4B to Norway. The main products that Sweden exported to Norway are Refined Petroleum ($1.54B), Broadcasting Equipment ($647M), and Sawn Wood ($522M). During the last 26 years the exports of Sweden to Norway have increased at an annualized rate of 4.34%, from $5.75B in 1995 to $17.4B in 2021.

In 2020, Sweden exported services to Norway worth $5.8B, with Travel ($1.81B), Other business services ($1.34B), and Transportation ($935M) being the largest in terms of value.

Norway-Sweden In 2021, Norway exported $13.7B to Sweden. The main products that Norway exported to Sweden were Crude Petroleum ($6.15B), Electricity ($567M), and Refined Petroleum ($518M). During the last 26 years the exports of Norway to Sweden have increased at an annualized rate of 4.52%, from $4.33B in 1995 to $13.7B in 2021.

In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

Comparison In 2021,  Sweden ranked 8 in the Economic Complexity Index (ECI 1.54), and 32 in total exports ($185B). That same year, Norway ranked 38 in the Economic Complexity Index (ECI 0.69), and 33 in total exports ($164B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Sweden exported $17.4B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($1.54B), Broadcasting Equipment ($647M), and Sawn Wood ($522M). During the last 26 years the exports of Sweden to Norway have increased at an annualized rate of 4.34%, from $5.75B in 1995 to $17.4B in 2021.

In 2021, Norway exported $13.7B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($6.15B), Electricity ($567M), and Refined Petroleum ($518M). During the last 26 years the exports of Norway to Sweden have increased at an annualized rate of 4.52%, from $4.33B in 1995 to $13.7B in 2021.

Market Competitiveness

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Color

Sweden
Top Destination
: Germany, $19.1B

Norway
Top Destination
: United Kingdom, $33.5B

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

In 2021, countries that imported more from Sweden than Norway were United States ($15.2B), Finland ($11.9B), and Denmark ($14.5B).

In 2021, countries that imported more from Norway than Sweden were United Kingdom ($33.5B), Germany ($31.5B), and Netherlands ($12.2B).

Comparative Advantage Sweden - Norway

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Flow
Scale

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

During 2021, Sweden had a large net trade with Norway in the exports of Machines ($4.53B), Mineral Products ($2.08B), and Chemical Products ($1.45B).

During 2021, Norway had a large net trade with Sweden in the exports of Mineral Products ($7.64B), Metals ($1.34B), and Animal Products ($786M).

Bilateral Service Trade

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In 2020, Sweden exported services to Norway worth $5.8B, with Travel ($1.81B), Other business services ($1.34B), and Transportation ($935M) being the largest in terms of value.

In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Sweden has comparative advantage over Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Sweden.