Sweden (SWE) and Norway (NOR) Trade | OEC - The Observatory of Economic Complexity

About

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).

Latest Trends

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January, 2023

About

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Overview In January 2023, Sweden exported SEK15.1B and imported SEK19.7B from Norway, resulting in a negative trade balance of SEK4.55B. Between January 2022 and January 2023 the exports of Sweden have increased by SEK2.33B (18.2%) from SEK12.8B to SEK15.1B, while imports increased by SEK1.67B (9.31%) from SEK18B to SEK19.7B.

Trade In January 2023, the top exports of Sweden to Norway were Refined Petroleum (SEK1.05B), Computers (SEK469M), Video Displays (SEK329M), Sawn Wood (SEK290M), and Packaged Medicaments (SEK281M). In January 2023 the top imports of Sweden from Norway were Crude Petroleum (SEK7.37B), Non-fillet Fresh Fish (SEK2.57B), Fish Fillets (SEK719M), Raw Aluminium (SEK618M), and Refined Petroleum (SEK584M).

Growth In January 2023, the increase in Sweden's year-by-year exports to Norway was explained primarily by an increase in product exports in Refined Petroleum (SEK406M or 62.8%), Electricity (SEK124M or 391%), and Sawn Wood (SEK112M or 63.3%). In January 2023, the increase in Sweden's year-by-year imports from Norway was explained primarily by an increase in product imports in Crude Petroleum (SEK3.64B or 97.8%), Non-fillet Fresh Fish (SEK437M or 20.5%), and Refined Petroleum (SEK294M or 101%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (January 2022 - January 2023): SEK2.33B, (18.2%)

IMPORT GROWTH (January 2022 - January 2023): SEK1.67B, (9.31%)

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 Norway and Sweden trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

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

SectionYear

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

Year

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).

Service Trade

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Bilateral Service Trade

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Nor YearSwe Year

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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Year

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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Sweden - Norway

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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