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Pricing

2022
Flag → Flag
Exports $8.84MRnk 138 / 217
2022
Flag → Flag
Top Product $3MScrap Iron
2022
Flag → Flag
Exports $2.34MRnk 28 / 149
2022
Flag → Flag
Top Product $713kFelt
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$40.8BCURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP GROWTH88.1%CURRENT US$
Rnk 21 / 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$1,337CURRENT US$
Rnk 160 / 186
2012-2022
Flag
GDP PC GROWTH68.3%CURRENT US$
Rnk 18 / 186

About

Sweden-Nepal Trade: In 2022, Sweden exported $8.84M to Nepal. The main products that Sweden exported to Nepal were Scrap Iron ($3M), X-Ray Equipment ($2.26M), and Cameras ($599k). Over the past 5 years the exports of Sweden to Nepal have increased at an annualized rate of 2.63%, from $7.77M in 2017 to $8.84M in 2022.

In 2022, Sweden did not export any services to Nepal.

Nepal-Sweden Trade: In 2022, Nepal exported $2.34M to Sweden. The main products that Nepal exported to Sweden were Felt ($713k), Knotted Carpets ($168k), and Knit Sweaters ($165k). Over the past 5 years the exports of Nepal to Sweden have increased at an annualized rate of 7.31%,  from $1.64M in 2017 to $2.34M in 2022.

In 2022, Nepal 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, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index.

Latest Trends

May, 2024

About

Overview In May 2024, Sweden exported SEK931k and imported SEK6.81M from Nepal, resulting in a negative trade balance of SEK5.88M. Between May 2023 and May 2024 the exports of Sweden have decreased by SEK-9.61M (-91.2%) from SEK10.5M to SEK931k, while imports increased by SEK6.43M (1.68k%) from SEK382k to SEK6.81M.

Trade In May 2024, the top exports of Sweden to Nepal were Excavation Machinery (SEK825k), Sulfate Chemical Woodpulp (SEK596k), Washing and Bottling Machines (SEK334k), Other Rubber Products (SEK80k), and Transmissions (SEK61k). In May 2024 the top imports of Sweden from Nepal were Felt (SEK901k), Knit Sweaters (SEK776k), Other Cloth Articles (SEK163k), Knotted Carpets (SEK111k), and Prepared Wool or Animal Hair (SEK88k).

Growth In May 2024, the decrease in Sweden's year-by-year exports to Nepal was explained primarily by an decrease in product exports in Electric Heaters (SEK-62k or -84.9%) and Medical Instruments (SEK-28k or -66.7%). In May 2024, the increase in Sweden's year-by-year imports  from Nepal was explained primarily by an increase in product imports  in Felt (SEK311k or 52.7%), Knit Sweaters (SEK210k or 37.1%), and Other Cloth Articles (SEK101k or 163%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (May 2023 - May 2024)SEK-9.61M(-91.2%)
IMPORT GROWTH (May 2023 - May 2024)SEK6.43M(1.68k%)

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 Nepal and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $8.84M to Nepal. The main products exported from Sweden to Nepal were Scrap Iron ($3M), X-Ray Equipment ($2.26M), and Cameras ($599k). During the last 5 years the exports of Sweden to Nepal have increased at an annualized rate of 2.63%, from $7.77M in 2017 to $8.84M in 2022.

In 2017, Nepal exported $2.34M to Sweden. The main products exported from Nepal to Sweden were Felt ($713k), Knotted Carpets ($168k), and Knit Sweaters ($165k). During the last 5 years the exports of Nepal to Sweden have increased at an annualized rate of 7.31%, from $1.64M in 2022 to $2.34M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Nepal
Top DestinationIndia$956M

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

In 2022, countries that imported more from Sweden than Nepal included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from Nepal than Sweden included Central African Republic ($8.88M), Bhutan ($3.99M), and Micronesia ($195).

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

Comparative Advantage Sweden - Nepal

Flow
Scale

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

During 2022, Sweden had a large net trade with Nepal in the exports of Metals ($3.12M), Instruments ($3.11M), and Machines ($1.57M).

During 2017, Nepal had a large net trade with Sweden in the exports of Textiles ($1.89M), Paper Goods ($95.7k), and Miscellaneous ($80.6k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Nepal+$362kExcavation Machinery
Top Product Potential Nepal Sweden+$371kKnit Sweaters

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

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

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