NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $50.6MRnk 92 / 216
2023
Flag → Flag
Top Product $22MConcentrated Milk
2023
Flag → Flag
Exports $9.54MRnk 95 / 171
2023
Flag → Flag
Top Product $6.54MAluminium Wire
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.32Rnk 76 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$109BCURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP GROWTH21%CURRENT US$
Rnk 138 / 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$21,550CURRENT US$
Rnk 62 / 196
2013-2023
Flag
GDP PC GROWTH-8.13%CURRENT US$
Rnk 164 / 195

About

Sweden-Oman Trade: In 2023, Sweden exported $50.6M to Oman. The main products that Sweden exported to Oman were Concentrated Milk ($22M), Computers ($5.53M), and Sawn Wood ($2.95M). Over the past 5 years the exports of Sweden to Oman have decreased at an annualized rate of 10.2%, from $86.9M in 2018 to $50.6M in 2023.

In 2023, Sweden did not export any services to Oman.

Oman-Sweden Trade: In 2023, Oman exported $9.54M to Sweden. The main products that Oman exported to Sweden were Aluminium Wire ($6.54M), Raw Aluminium ($1.07M), and Electrical Transformers ($416k). Over the past 5 years the exports of Oman to Sweden have decreased at an annualized rate of 17.3%,  from $63.7M in 2018 to $9.54M in 2023.

In 2023, Oman 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, Oman ranked 76 in the Economic Complexity Index (ECI -0.32), and 48 in total exports ($70.5B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK83.5M and imported SEK11.8M from Oman, resulting in a positive trade balance of SEK71.7M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-8.38M (-9.12%) from SEK91.9M to SEK83.5M, while imports increased by SEK6.88M (139%) from SEK4.95M to SEK11.8M.

Trade In October 2024, the top exports of Sweden to Oman were Concentrated Milk (SEK114M), Nitrogenous Fertilizers (SEK8.63M), Electric Batteries (SEK5.43M), Telephones (SEK2.11M), and Chemical Analysis Instruments (SEK1.28M). In October 2024 the top imports of Sweden from Oman were Telephones (SEK132k), Electric Batteries (SEK11k), Perfumes (SEK7k), Industrial Printers (SEK6k), and Gravel and Crushed Stone (SEK1k).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Oman was explained primarily by an decrease in product exports in Gas Turbines (SEK-1.25M or -99.8%), Hydrometers (SEK-1.1M or -98.8%), and Electric Motors (SEK-722k or -99.9%). In October 2024, the increase in Sweden's year-by-year imports  from Oman was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-8.38M(-9.12%)
IMPORT GROWTH (October 2023 - October 2024)SEK6.88M(139%)

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 Oman and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $50.6M to Oman. The main products exported from Sweden to Oman were Concentrated Milk ($22M), Computers ($5.53M), and Sawn Wood ($2.95M). During the last 5 years the exports of Sweden to Oman have decreased at an annualized rate of 10.2%, from $86.9M in 2018 to $50.6M in 2023.

In 2018, Oman exported $9.54M to Sweden. The main products exported from Oman to Sweden were Aluminium Wire ($6.54M), Raw Aluminium ($1.07M), and Electrical Transformers ($416k). During the last 5 years the exports of Oman to Sweden have decreased at an annualized rate of 17.3%, from $63.7M in 2023 to $9.54M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Oman
Top DestinationChina$30.2B

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

In 2023, countries that imported more from Sweden than Oman included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

In 2023, countries that imported more from Oman than Sweden included China ($30.2B), India ($4.5B), and United Arab Emirates ($3.49B).

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

Comparative Advantage Sweden - Oman

Flow
Scale

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

During 2023, Sweden had a large net trade with Oman in the exports of Animal Products ($22M), Machines ($15M), and Wood Products ($3.97M).

During 2018, Oman had a large net trade with Sweden in the exports of Metals ($7.62M), Machines ($1M), and Mineral Products ($396k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Oman+$2.71MPackaged Medicaments
Top Product Potential Oman Sweden+$17.4MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and Oman. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and Oman (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms