Flag Sweden / Russia Flag

2021
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Exports
: $2.65B, Rnk 15 / 219

2021
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Top Product
: $188M, Broadcasting Equipment

2021
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Exports
: $1.53B, Rnk 50 / 192

2021
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Top Product
: $267M, Coal Tar Oil

2021
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Economic Complexity (ECI)
: ECI 1.54, Rnk 8 / 131

2021
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Economic Complexity (ECI)
: ECI 0.46, Rnk 45 / 131

2021
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GDP
: $627B, CURRENT US$
Rnk 22 / 182

2011-2021
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GDP GROWTH
: 9.29%, CURRENT US$
Rnk 133 / 182

2021
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 GDP
: $1.78T, CURRENT US$
Rnk 11 / 182

2011-2021
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GDP GROWTH
: -13.2%, CURRENT US$
Rnk 167 / 182

2021
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GDP PC 
: $60,239, CURRENT US$
Rnk 11 / 182

2011-2021
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GDP PC GROWTH
: -0.85%, CURRENT US$
Rnk 130 / 182

2021
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GDP PC
: $12,173, CURRENT US$
Rnk 61 / 182

2011-2021
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GDP PC GROWTH
: -14.9%, CURRENT US$
Rnk 153 / 182

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).

Historical Data

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Bilateral Trade by Products

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Depth
Value

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

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

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).

Bilateral Service Trade

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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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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.