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2022
Flag → Flag
Exports $181MRnk 65 / 217
2022
Flag → Flag
Top Product $41.9MSawn Wood
2022
Flag → Flag
Exports $69.3MRnk 36 / 205
2022
Flag → Flag
Top Product $38.8MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
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 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).

Latest Trends

March, 2024

About

Overview In March 2024, Sweden exported SEK139M and imported SEK23.8M from Philippines, resulting in a positive trade balance of SEK115M. Between March 2023 and March 2024 the exports of Sweden have increased by SEK5.36M (4.01%) from SEK134M to SEK139M, while imports decreased by SEK-31M (-56.6%) from SEK54.8M to SEK23.8M.

Trade In March 2024, 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 March 2024 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 March 2024, the increase in Sweden's year-by-year exports to Philippines was explained primarily by an increase in product exports in Other Uncoated Paper (SEK24.6M or 217%), Kraft Paper (SEK4.26M or 373%), and Sawn Wood (SEK3.75M or 31.8%). In March 2024, the decrease in Sweden's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Bicycles, delivery tricycles, other cycles (SEK-2.93M or -99.5%), Woodworking machines (SEK-584k or -99.8%), and Light Fixtures (SEK-488k or -64.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)SEK5.36M(4.01%)
IMPORT GROWTH (March 2023 - March 2024)SEK-31M(-56.6%)

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.

For full datasets download visit Bulk Download page.

Explore Philippines and Sweden Data

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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 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 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Philippines+$10.7MPackaged Medicaments
Top Product Potential Philippines Sweden+$41.9MIntegrated Circuits

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 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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