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2022
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Exports $1.29BRnk 27 / 217
2022
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Top Product $425MIron Ore
2022
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Exports $110MRnk 60 / 138
2022
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Top Product $45.9MPropylene Polymers
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
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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$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
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GDP GROWTH49.4%CURRENT US$
Rnk 62 / 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$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Sweden-Saudi Arabia In 2022, Sweden exported $1.29B to Saudi Arabia. The main products that Sweden exported to Saudi Arabia are Iron Ore ($425M), Packaged Medicaments ($279M), and Sawn Wood ($116M). During the last 27 years the exports of Sweden to Saudi Arabia have increased at an annualized rate of 3.19%, from $551M in 1995 to $1.29B in 2022.

In 2022, Sweden did not export any services to Saudi Arabia.

Saudi Arabia-Sweden In 2022, Saudi Arabia exported $110M to Sweden. The main products that Saudi Arabia exported to Sweden were Propylene Polymers ($45.9M), Refined Petroleum ($21M), and Ethylene Polymers ($18.7M). During the last 27 years the exports of Saudi Arabia to Sweden have decreased at an annualized rate of 1.48%, from $165M in 1995 to $110M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

January, 2024

About

Overview In January 2024, Sweden exported SEK719M and imported SEK71.1M from Saudi Arabia, resulting in a positive trade balance of SEK648M. Between January 2023 and January 2024 the exports of Sweden have decreased by SEK-497M (-40.9%) from SEK1.22B to SEK719M, while imports decreased by SEK-381M (-84.3%) from SEK452M to SEK71.1M.

Trade In January 2024, the top exports of Sweden to Saudi Arabia were Iron Ore (SEK567M), Packaged Medicaments (SEK247M), Sawn Wood (SEK70M), Kaolin Coated Paper (SEK52.3M), and Iron Pipes (SEK35.6M). In January 2024 the top imports of Sweden from Saudi Arabia were Coal Tar Oil (SEK367M), Propylene Polymers (SEK65.2M), Ethylene Polymers (SEK10.8M), Scrap Aluminium (SEK4M), and Gas Turbines (SEK1.53M).

Growth In January 2024, the decrease in Sweden's year-by-year exports to Saudi Arabia was explained primarily by an decrease in product exports in Lifting Machinery (SEK-8.61M or -80.3%), Excavation Machinery (SEK-3.63M or -68.9%), and Sawn Wood (SEK-3.26M or -4.46%). In January 2024, the decrease in Sweden's year-by-year imports  from Saudi Arabia was explained primarily by an decrease in product imports  in Ethylene Polymers (SEK-5.44M or -33.4%), Propylene Polymers (SEK-2.96M or -4.34%), and Base Metal Watches (SEK-1.21M or -96%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)SEK-497M(-40.9%)
IMPORT GROWTH (January 2023 - January 2024)SEK-381M(-84.3%)

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 Saudi Arabia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1.29B to Saudi Arabia. The main products exported from Sweden to Saudi Arabia were Iron Ore ($425M), Packaged Medicaments ($279M), and Sawn Wood ($116M). During the last 27 years the exports of Sweden to Saudi Arabia have increased at an annualized rate of 3.19%, from $551M in 1995 to $1.29B in 2022.

In 2022, Saudi Arabia exported $110M to Sweden. The main products exported from Saudi Arabia to Sweden were Propylene Polymers ($45.9M), Refined Petroleum ($21M), and Ethylene Polymers ($18.7M). During the last 27 years the exports of Saudi Arabia to Sweden have decreased at an annualized rate of 1.48%, from $165M in 1995 to $110M in 2022.

Exports from Sweden (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Saudi Arabia
Top DestinationChina$68B

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

In 2021, countries that imported more from Sweden than Saudi Arabia were Norway ($18.7B), Germany ($19.2B), and Denmark ($14.6B).

In 2021, countries that imported more from Saudi Arabia than Sweden were China ($68B), India ($46.2B), and South Korea ($36B).

Difference in imports from Saudi Arabia (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - Saudi Arabia

Flow
Scale

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

During 2022, Sweden had a large net trade with Saudi Arabia in the exports of Mineral Products ($425M), Chemical Products ($310M), and Machines ($141M).

During 2022, Saudi Arabia had a large net trade with Sweden in the exports of Plastics and Rubbers ($65.4M), Mineral Products ($38.8M), and Machines ($2.07M).

Economic Complexity

Competitive Landscape

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

Product Space of Sweden (Flag) and Saudi Arabia (Flag) (2022)

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