Sweden (SWE) and Russia (RUS) Trade | OEC - The Observatory of Economic Complexity

About

Sweden-Russia In 2021, Sweden exported $2.65B to Russia. The main products that Sweden exported to Russia are Broadcasting Equipment ($188M), Motor vehicles; parts and accessories (8701 to 8705) ($143M), and Packaged Medicaments ($142M). During the last 26 years the exports of Sweden to Russia have increased at an annualized rate of 5.69%, from $629M in 1995 to $2.65B in 2021.

In 2020, Sweden exported services to Russia worth $732M, with Other business services ($303M), Computer and information services ($179M), and Personal, cultural, and recreational services ($77.4M) being the largest in terms of value.

Russia-Sweden In 2021, Russia exported $1.53B to Sweden. The main products that Russia exported to Sweden were Coal Tar Oil ($267M), Radioactive Chemicals ($234M), and Refined Petroleum ($174M). During the last 26 years the exports of Russia to Sweden have increased at an annualized rate of 4.88%, from $442M in 1995 to $1.53B in 2021.

In 2020, Russia exported services to Sweden worth $277M, with Other business services ($134M), Transportation ($61.6M), and Computer and information services ($33.5M) being the largest in terms of value.

Comparison In 2021, Sweden ranked 8 in the Economic Complexity Index (ECI 1.54), and 32 in total exports ($185B). That same year, Russia ranked 45 in the Economic Complexity Index (ECI 0.46), and 10 in total exports ($484B).

Latest Trends

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February, 2023

About

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Overview In February 2023, Sweden exported SEK985M and imported SEK45.1M from Russia, resulting in a positive trade balance of SEK940M. Between February 2022 and February 2023 the exports of Sweden have decreased by SEK-873M (-47%) from SEK1.86B to SEK985M, while imports decreased by SEK-2.26B (-98%) from SEK2.31B to SEK45.1M.

Trade In February 2023, the top exports of Sweden to Russia were Telephones (SEK145M), Motor vehicles; parts and accessories (8701... (SEK132M), Excavation Machinery (SEK98.3M), Vaccines, blood, antisera, toxins and cultures (SEK75.4M), and Cars (SEK70.9M). In February 2023 the top imports of Sweden from Russia were Crude Petroleum (SEK1.13B), Coal Tar Oil (SEK346M), Ammonia (SEK154M), Coal Briquettes (SEK94.8M), and Alcohol > 80% ABV (SEK85.2M).

Growth In February 2023, the decrease in Sweden's year-by-year exports to Russia was explained primarily by an decrease in product exports in Gas Turbines (SEK-79.3M or -92.4%), Unpackaged Medicaments (SEK-53.5M or -75.5%), and Other Construction Vehicles (SEK-49.8M or -67.6%). In February 2023, the decrease in Sweden's year-by-year imports from Russia was explained primarily by an decrease in product imports in Refined Petroleum (SEK-90.1M or -99.2%), Carbon-based Electronics (SEK-6.88M or -65.8%), and Other Vegetable Residues (SEK-3.83M or -32.3%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (February 2022 - February 2023): SEK-873M, (-47%)

IMPORT GROWTH (February 2022 - February 2023): SEK-2.26B, (-98%)

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 Russia and Sweden trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Sweden exported $2.65B to Russia. The main products exported from Sweden to Russia were Broadcasting Equipment ($188M), Motor vehicles; parts and accessories (8701 to 8705) ($143M), and Packaged Medicaments ($142M). During the last 26 years the exports of Sweden to Russia have increased at an annualized rate of 5.69%, from $629M in 1995 to $2.65B in 2021.

In 2021, Russia exported $1.53B to Sweden. The main products exported from Russia to Sweden were Coal Tar Oil ($267M), Radioactive Chemicals ($234M), and Refined Petroleum ($174M). During the last 26 years the exports of Russia to Sweden have increased at an annualized rate of 4.88%, from $442M in 1995 to $1.53B in 2021.

Market Competitiveness

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Color

SectionYear

Sweden
Top Destination: Germany, $19.1B

Russia
Top Destination: China, $70.9B

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

In 2021, countries that imported more from Sweden than Russia were Norway ($17.4B), Denmark ($14.5B), and Finland ($11.9B).

In 2021, countries that imported more from Russia than Sweden were China ($70.9B), Netherlands ($39B), and Belarus ($20.5B).

Comparative Advantage Sweden - Russia

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Flow

Scale

Year

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

During 2021, Sweden had a large net trade with Russia in the exports of Machines ($1.02B), Transportation ($532M), and Chemical Products ($422M).

During 2021, Russia had a large net trade with Sweden in the exports of Mineral Products ($715M), Chemical Products ($356M), and Metals ($155M).

Service Trade

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Bilateral Service Trade

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Rus YearSwe Year

In 2020, Sweden exported services to Russia worth $732M, with Other business services ($303M), Computer and information services ($179M), and Personal, cultural, and recreational services ($77.4M) being the largest in terms of value.

In 2020, Russia exported services to Sweden worth $277M, with Other business services ($134M), Transportation ($61.6M), and Computer and information services ($33.5M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Sweden - Russia

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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