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Pricing

2022
Flag → Flag
Exports $198MRnk 65 / 217
2022
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Top Product $41.9MSawn Wood
2022
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Exports $125MRnk 36 / 205
2022
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Top Product $38.8MIntegrated Circuits
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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Economic Complexity (ECI) ECI 0.63Rnk 38 / 124
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH54.4%CURRENT US$
Rnk 51 / 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$3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Sweden-Philippines In 2022, Sweden exported $198M to Philippines. The main products that Sweden exported to Philippines are Sawn Wood ($41.9M), Other Uncoated Paper ($21.4M), and Documents of title (bonds etc) and unused stamps ($8.52M). During the last 27 years the exports of Sweden to Philippines have increased at an annualized rate of 2.92%, from $91M in 1995 to $198M in 2022.

In 2020, Sweden exported services to Philippines worth $199M, with Computer and information services ($115M), Personal, cultural, and recreational services ($76.8M), and Other business services ($2.51M) being the largest in terms of value.

Philippines-Sweden In 2022, Philippines exported $125M to Sweden. The main products that Philippines exported to Sweden were Integrated Circuits ($38.8M), Other Domestic Electric Housewares ($20.8M), and Office Machine Parts ($6.7M). During the last 27 years the exports of Philippines to Sweden have increased at an annualized rate of 4.34%, from $39.8M in 1995 to $125M in 2022.

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

Comparison In 2022,  Sweden ranked 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B). That same year, Philippines ranked 38 in the Economic Complexity Index (ECI 0.63), and 40 in total exports ($110B).

Latest Trends

December, 2023

About

Overview In December 2023, Sweden exported SEK111M and imported SEK43.1M from Philippines, resulting in a positive trade balance of SEK68.3M. Between December 2022 and December 2023 the exports of Sweden have decreased by SEK-47.7M (-30%) from SEK159M to SEK111M, while imports increased by SEK2.68M (6.64%) from SEK40.4M to SEK43.1M.

Trade In December 2023, the top exports of Sweden to Philippines were Other Uncoated Paper (SEK36M), Sawn Wood (SEK15.5M), Kaolin Coated Paper (SEK10.5M), Kraft Paper (SEK5.4M), and Packaged Medicaments (SEK5.32M). In December 2023 the top imports of Sweden from Philippines were Raw Tobacco (SEK19.8M), Spark-Ignition Engines (SEK5.27M), Industrial Printers (SEK4.84M), Other Processed Fruits and Nuts (SEK3.22M), and Rubber Tires (SEK2.9M).

Growth In December 2023, the decrease in Sweden's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Telephones (SEK-6.4M or -85.6%), Iron Pipe Fittings (SEK-2.1M or -94.5%), and Lifting Machinery (SEK-2.08M or -33.3%). In December 2023, the increase in Sweden's year-by-year imports  from Philippines was explained primarily by an increase in product imports  in Raw Tobacco (SEK14.7M or 289%), Other Processed Fruits and Nuts (SEK2.48M or 336%), and Rubber Tires (SEK2.05M or 240%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)SEK-47.7M(-30%)
IMPORT GROWTH (December 2022 - December 2023)SEK2.68M(6.64%)

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 Philippines and Sweden trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $198M to Philippines. The main products exported from Sweden to Philippines were Sawn Wood ($41.9M), Other Uncoated Paper ($21.4M), and Documents of title (bonds etc) and unused stamps ($8.52M). During the last 27 years the exports of Sweden to Philippines have increased at an annualized rate of 2.92%, from $91M in 1995 to $198M in 2022.

In 2022, Philippines exported $125M to Sweden. The main products exported from Philippines to Sweden were Integrated Circuits ($38.8M), Other Domestic Electric Housewares ($20.8M), and Office Machine Parts ($6.7M). During the last 27 years the exports of Philippines to Sweden have increased at an annualized rate of 4.34%, from $39.8M in 1995 to $125M in 2022.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Philippines
Top DestinationUnited States$15.5B

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

In 2021, countries that imported more from Sweden than Philippines were Norway ($18.7B), Denmark ($14.6B), and Germany ($19.2B).

In 2021, countries that imported more from Philippines than Sweden were Hong Kong ($12.6B), Japan ($11.3B), and China ($15.3B).

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

Comparative Advantage Sweden - Philippines

Flow
Scale

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

During 2022, Sweden had a large net trade with Philippines in the exports of Machines ($52.4M), Paper Goods ($44.3M), and Wood Products ($42.1M).

During 2022, Philippines had a large net trade with Sweden in the exports of Machines ($82.8M), Foodstuffs ($14M), and Transportation ($7.02M).

Service Trade

Bilateral Service Trade

In 2020, Sweden exported services to Philippines worth $199M, with Computer and information services ($115M), Personal, cultural, and recreational services ($76.8M), and Other business services ($2.51M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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 Philippines. Similarly, the more yellow a dot/product is, the more Philippines has comparative advantage over Sweden.

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

Keep Exploring

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