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2023
Flag → Flag
Exports $786MRnk 40 / 216
2023
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Top Product $92.9MCars
2023
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Exports $693MRnk 26 / 199
2023
Flag → Flag
Top Product $102MMotor vehicles; parts and accessories (8701 to 8705)
2023
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Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
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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$351BCURRENT US$
Rnk 43 / 195
2013-2023
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GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
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GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
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GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
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GDP PC$18,404CURRENT US$
Rnk 66 / 196
2013-2023
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GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195

About

Sweden-Romania Trade: In 2023, Sweden exported $786M to Romania. The main products that Sweden exported to Romania were Cars ($92.9M), Tractors ($34.5M), and Delivery Trucks ($29.1M). Over the past 5 years the exports of Sweden to Romania have increased at an annualized rate of 7.95%, from $536M in 2018 to $786M in 2023.

In 2020, Sweden exported services to Romania worth $151M, with Other business services ($29.8M), Royalties and license fees ($28.6M), and Computer and information services ($28M) being the largest in terms of value.

Romania-Sweden Trade: In 2023, Romania exported $693M to Sweden. The main products that Romania exported to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($102M), Prefabricated Buildings ($41.3M), and Broadcasting Equipment ($37.4M). Over the past 5 years the exports of Romania to Sweden have increased at an annualized rate of 5.63%,  from $527M in 2018 to $693M in 2023.

In 2020, Romania exported services to Sweden worth $420M, with Other business services ($174M), Computer and information services ($99.7M), and Transportation ($87.8M) being the largest in terms of value.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK467M and imported SEK555M from Romania, resulting in a negative trade balance of SEK88.2M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-22.5M (-4.6%) from SEK489M to SEK467M, while imports decreased by SEK-52.5M (-8.64%) from SEK607M to SEK555M.

Trade In October 2024, the top exports of Sweden to Romania were Cars (SEK68M), Uncoated Paper (SEK25.7M), Sulfate Chemical Woodpulp (SEK19.7M), Kraft Paper (SEK15.4M), and Non-fillet Fresh Fish (SEK12.8M). In October 2024 the top imports of Sweden from Romania were Motor vehicles; parts and accessories (8701... (SEK102M), Wood Carpentry (SEK32.4M), Telephones (SEK23.1M), Electric Heaters (SEK20.3M), and Non-Knit Men's Shirts (SEK19.3M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Romania was explained primarily by an decrease in product exports in Ethylene Polymers (SEK-16.9M or -83.7%), Machinery Having Individual Functions (SEK-8.99M or -90.7%), and Other Edible Preparations (SEK-8.09M or -78.9%). In October 2024, the decrease in Sweden's year-by-year imports  from Romania was explained primarily by an decrease in product imports  in Air Pumps (SEK-13.8M or -75.8%), Rolled Tobacco (SEK-5.51M or -40.7%), and Other Iron Bars (SEK-4.9M or -65.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-22.5M(-4.6%)
IMPORT GROWTH (October 2023 - October 2024)SEK-52.5M(-8.64%)

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 Romania and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Romania and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $786M to Romania. The main products exported from Sweden to Romania were Cars ($92.9M), Tractors ($34.5M), and Delivery Trucks ($29.1M). During the last 5 years the exports of Sweden to Romania have increased at an annualized rate of 7.95%, from $536M in 2018 to $786M in 2023.

In 2018, Romania exported $693M to Sweden. The main products exported from Romania to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($102M), Prefabricated Buildings ($41.3M), and Broadcasting Equipment ($37.4M). During the last 5 years the exports of Romania to Sweden have increased at an annualized rate of 5.63%, from $527M in 2023 to $693M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Romania
Top DestinationGermany$19.9B

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

In 2023, countries that imported more from Sweden than Romania included United States ($18.1B), Denmark ($14.4B), and Norway ($10.9B).

In 2023, countries that imported more from Romania than Sweden included Italy ($10.2B), Bulgaria ($4.03B), and Hungary ($4.22B).

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

Comparative Advantage Sweden - Romania

Flow
Scale

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

During 2023, Sweden had a large net trade with Romania in the exports of Machines ($219M), Transportation ($188M), and Metals ($129M).

During 2018, Romania had a large net trade with Sweden in the exports of Machines ($179M), Transportation ($156M), and Miscellaneous ($96.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Romania+$44.2MCars
Top Product Potential Romania Sweden+$53MMotor vehicles; parts and accessories (8701 to 8705)

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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Bilateral Service Trade

In 2020, Sweden exported services to Romania worth $151M, with Other business services ($29.8M), Royalties and license fees ($28.6M), and Computer and information services ($28M) being the largest in terms of value.

In 2020, Romania exported services to Sweden worth $420M, with Other business services ($174M), Computer and information services ($99.7M), and Transportation ($87.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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