2022
Flag  
GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC 
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186

About

Sweden-Philippines Trade: In 2022, Sweden exported $181M to Philippines. The main products that Sweden exported to Philippines were Sawn Wood ($41.9M), Other Uncoated Paper ($21.4M), and Documents of title (bonds etc) and unused stamps ($8.52M). Over the past 5 years the exports of Sweden to Philippines have increased at an annualized rate of 14.8%, from $91M in 2017 to $181M 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 Trade: In 2022, Philippines exported $69.3M 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). Over the past 5 years the exports of Philippines to Sweden have increased at an annualized rate of 11.7%,  from $39.8M in 2017 to $69.3M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $181M 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 5 years the exports of Sweden to Philippines have increased at an annualized rate of 14.8%, from $91M in 2017 to $181M in 2022.

In 2017, Philippines exported $69.3M 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 22 years the exports of Philippines to Sweden have increased at an annualized rate of 11.7%, from $39.8M in 1995 to $69.3M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top Destination
Germany$19.2B
Philippines
Top Destination
United 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 2022, countries that imported more from Sweden than Philippines included Norway ($18.7B), Denmark ($14.6B), and Germany ($19.2B).

In 2022, countries that imported more from Philippines than Sweden included 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 2017, Philippines had a large net trade with Sweden in the exports of Machines ($82.8M), Foodstuffs ($14M), and Transportation ($7.02M).

Economic Complexity

Competitive Landscape

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

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

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