Sweden / Russia

Sweden-Russia Trade: In 2022, Sweden exported $1B to Russia. The main products that Sweden exported to Russia were Packaged Medicaments ($220M), Nitrogen Heterocyclic Compounds ($136M), and Oxygen Heterocyclic Compounds ($112M). Over the past 5 years the exports of Sweden to Russia have decreased at an annualized rate of 15.3%, from $2.31B in 2017 to $1B in 2022.

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 Trade: In 2022, Russia exported $702M to Sweden. The main products that Russia exported to Sweden were Crude Petroleum ($179M), Coal Tar Oil ($128M), and Refined Petroleum ($63.2M). Over the past 5 years the exports of Russia to Sweden have decreased at an annualized rate of 20.9%,  from $2.27B in 2017 to $702M in 2022.

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 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).