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2023
Flag → Flag
Exports $288MRnk 57 / 216
2023
Flag → Flag
Top Product $25.1MCars
2023
Flag → Flag
Exports $150MRnk 33 / 177
2023
Flag → Flag
Top Product $41.5MCoffee
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI -0.61Rnk 90 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
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 GDP$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH33%CURRENT US$
Rnk 108 / 195
2023
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GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
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GDP PC$7,907CURRENT US$
Rnk 97 / 196
2013-2023
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GDP PC GROWTH17.2%CURRENT US$
Rnk 111 / 195

About

Sweden-Peru Trade: In 2023, Sweden exported $288M to Peru. The main products that Sweden exported to Peru were Cars ($25.1M), Prepared Explosives ($23.1M), and Large Construction Vehicles ($17.3M). Over the past 5 years the exports of Sweden to Peru have increased at an annualized rate of 1.78%, from $264M in 2018 to $288M in 2023.

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

Peru-Sweden Trade: In 2023, Peru exported $150M to Sweden. The main products that Peru exported to Sweden were Coffee ($41.5M), Retail Wool or Animal Hair Yarn ($31.9M), and Copper Ore ($28.9M). Over the past 5 years the exports of Peru to Sweden have increased at an annualized rate of 7.33%,  from $105M in 2018 to $150M in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK157M and imported SEK470M from Peru, resulting in a negative trade balance of SEK313M. Between October 2023 and October 2024 the exports of Sweden have increased by SEK21.2M (15.6%) from SEK136M to SEK157M, while imports increased by SEK389M (482%) from SEK80.6M to SEK470M.

Trade In October 2024, the top exports of Sweden to Peru were Nitrogenous Fertilizers (SEK69.4M), Excavation Machinery (SEK14.6M), Other Construction Vehicles (SEK9.58M), Kraft Paper (SEK4.4M), and Transmissions (SEK4.38M). In October 2024 the top imports of Sweden from Peru were Coffee (SEK87.5M), Retail Wool or Animal Hair Yarn (SEK21.8M), Frozen Vegetables (SEK1.9M), Grapes (SEK1.56M), and Interchangeable Tool Parts (SEK1.05M).

Growth In October 2024, the increase in Sweden's year-by-year exports to Peru was explained primarily by an increase in product exports in Ball Bearings (SEK2.67M or 235%), Excavation Machinery (SEK2.11M or 16.9%), and Hard Liquor (SEK1.14M or 272%). In October 2024, the increase in Sweden's year-by-year imports  from Peru was explained primarily by an increase in product imports  in Retail Wool or Animal Hair Yarn (SEK13.3M or 158%), Coffee (SEK1.31M or 1.51%), and Other Processed Vegetables (SEK670k or 67k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK21.2M(15.6%)
IMPORT GROWTH (October 2023 - October 2024)SEK389M(482%)

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 Peru and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Peru and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $288M to Peru. The main products exported from Sweden to Peru were Cars ($25.1M), Prepared Explosives ($23.1M), and Large Construction Vehicles ($17.3M). During the last 5 years the exports of Sweden to Peru have increased at an annualized rate of 1.78%, from $264M in 2018 to $288M in 2023.

In 2018, Peru exported $150M to Sweden. The main products exported from Peru to Sweden were Coffee ($41.5M), Retail Wool or Animal Hair Yarn ($31.9M), and Copper Ore ($28.9M). During the last 5 years the exports of Peru to Sweden have increased at an annualized rate of 7.33%, from $105M in 2023 to $150M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Sweden than Peru included Germany ($18.4B), Denmark ($14.4B), and Norway ($10.9B).

In 2023, countries that imported more from Peru than Sweden included China ($22.5B), Chile ($1.92B), and Ecuador ($1.12B).

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

Comparative Advantage Sweden - Peru

Flow
Scale

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

During 2023, Sweden had a large net trade with Peru in the exports of Machines ($121M), Chemical Products ($58.9M), and Transportation ($39.2M).

During 2018, Peru had a large net trade with Sweden in the exports of Mineral Products ($63M), Vegetable Products ($48.2M), and Textiles ($32.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Peru+$14.7MCars
Top Product Potential Peru Sweden+$19.5MCopper Ore

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

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

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