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2023
Flag → Flag
Exports $1.67BRnk 25 / 216
2023
Flag → Flag
Top Product $303MIron Reductions
2023
Flag → Flag
Exports $340MRnk 55 / 182
2023
Flag → Flag
Top Product $205MCoal Tar Oil
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Sweden-Saudi Arabia Trade: In 2023, Sweden exported $1.67B to Saudi Arabia. The main products that Sweden exported to Saudi Arabia were Iron Reductions ($303M), Iron Ore ($271M), and Packaged Medicaments ($263M). Over the past 5 years the exports of Sweden to Saudi Arabia have increased at an annualized rate of 7.43%, from $1.17B in 2018 to $1.67B in 2023.

In 2023, Sweden did not export any services to Saudi Arabia.

Saudi Arabia-Sweden Trade: In 2023, Saudi Arabia exported $340M to Sweden. The main products that Saudi Arabia exported to Sweden were Coal Tar Oil ($205M), Propylene Polymers ($57.1M), and Refined Petroleum ($52.2M). Over the past 5 years the exports of Saudi Arabia to Sweden have increased at an annualized rate of 19.4%,  from $140M in 2018 to $340M in 2023.

In 2023, Saudi Arabia did not export any services to Sweden.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK1.33B and imported SEK106M from Saudi Arabia, resulting in a positive trade balance of SEK1.23B. Between October 2023 and October 2024 the exports of Sweden have increased by SEK147M (12.4%) from SEK1.19B to SEK1.33B, while imports decreased by SEK-257M (-70.9%) from SEK363M to SEK106M.

Trade In October 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 October 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 October 2024, the increase in Sweden's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Iron Ore (SEK342M or 151%), Iron Pipes (SEK22.6M or 174%), and Kaolin Coated Paper (SEK14.9M or 39.9%). In October 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

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK147M(12.4%)
IMPORT GROWTH (October 2023 - October 2024)SEK-257M(-70.9%)

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.

Explore Saudi Arabia and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $1.67B to Saudi Arabia. The main products exported from Sweden to Saudi Arabia were Iron Reductions ($303M), Iron Ore ($271M), and Packaged Medicaments ($263M). During the last 5 years the exports of Sweden to Saudi Arabia have increased at an annualized rate of 7.43%, from $1.17B in 2018 to $1.67B in 2023.

In 2018, Saudi Arabia exported $340M to Sweden. The main products exported from Saudi Arabia to Sweden were Coal Tar Oil ($205M), Propylene Polymers ($57.1M), and Refined Petroleum ($52.2M). During the last 5 years the exports of Saudi Arabia to Sweden have increased at an annualized rate of 19.4%, from $140M in 2023 to $340M in 2018.

Exports from Sweden (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Saudi Arabia
Top DestinationChina$64.4B

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 2023, countries that imported more from Sweden than Saudi Arabia included Germany ($18.4B), Denmark ($14.4B), and Norway ($10.9B).

In 2023, countries that imported more from Saudi Arabia than Sweden included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Sweden (Flag) (2023)

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 2023, Sweden had a large net trade with Saudi Arabia in the exports of Metals ($376M), Chemical Products ($314M), and Mineral Products ($272M).

During 2018, Saudi Arabia had a large net trade with Sweden in the exports of Mineral Products ($258M), Plastics and Rubbers ($69.5M), and Machines ($3.64M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Saudi Arabia+$14.5MVaccines, blood, antisera, toxins and cultures
Top Product Potential Saudi Arabia Sweden+$47MRefined Petroleum

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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Economic Complexity

Competitive Landscape

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

Product Space of Sweden (Flag) and Saudi Arabia (Flag) (2023)

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