2022
Flag  
GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH
13%CURRENT US$
Rnk 141 / 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
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Sweden-Norway In 2022, Sweden exported $18.7B to Norway. The main products that Sweden exported to Norway are Refined Petroleum ($2.97B), Broadcasting Equipment ($679M), and Electricity ($545M). During the last 27 years the exports of Sweden to Norway have increased at an annualized rate of 4.46%, from $5.77B in 1995 to $18.7B in 2022.

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 2022, Norway exported $17.7B to Sweden. The main products that Norway exported to Sweden were Crude Petroleum ($8.93B), Refined Petroleum ($1.29B), and Electricity ($749M). During the last 27 years the exports of Norway to Sweden have increased at an annualized rate of 5.26%, from $4.43B in 1995 to $17.7B in 2022.

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 2022,  Sweden ranked 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B). That same year, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $18.7B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($2.97B), Broadcasting Equipment ($679M), and Electricity ($545M). During the last 27 years the exports of Sweden to Norway have increased at an annualized rate of 4.46%, from $5.77B in 1995 to $18.7B in 2022.

In 2022, Norway exported $17.7B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($8.93B), Refined Petroleum ($1.29B), and Electricity ($749M). During the last 27 years the exports of Norway to Sweden have increased at an annualized rate of 5.26%, from $4.43B in 1995 to $17.7B in 2022.

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

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

Market Competitiveness

Color
Sweden
Top Destination
Germany$19.2B
Norway
Top Destination
Germany$78.1B

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 ($17.8B), Denmark ($14.6B), and Finland ($13.4B).

In 2021, countries that imported more from Norway than Sweden were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Sweden - Norway

Flow
Scale

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

During 2022, Sweden had a large net trade with Norway in the exports of Mineral Products ($4.4B), Machines ($4.22B), and Metals ($1.47B).

During 2022, Norway had a large net trade with Sweden in the exports of Mineral Products ($11.5B), Metals ($1.36B), and Animal Products ($826M).

Service Trade

Bilateral Service Trade

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.

Services Exports from Sweden (Flag) to Norway (Flag) (2020)

Services Exports from Norway (Flag) to Sweden (Flag) (2009)

Economic Complexity

Competitive Landscape

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.

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

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