2023
Flag  
GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP
$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH
63%CURRENT US$
Rnk 47 / 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
$84,734CURRENT US$
Rnk 8 / 196
2013-2023
Flag
GDP PC GROWTH
48.7%CURRENT US$
Rnk 50 / 195

About

Sweden-Singapore Trade: In 2023, Sweden exported $1.3B to Singapore. The main products that Sweden exported to Singapore were Chemical Analysis Instruments ($126M), Refined Petroleum ($81.7M), and Packaged Medicaments ($72.7M). Over the past 5 years the exports of Sweden to Singapore have increased at an annualized rate of 4.75%, from $1.03B in 2018 to $1.3B in 2023.

In 2020, Sweden exported services to Singapore worth $373M, with Other business services ($189M), Communications services ($52M), and Personal, cultural, and recreational services ($42.8M) being the largest in terms of value.

Singapore-Sweden Trade: In 2023, Singapore exported $107M to Sweden. The main products that Singapore exported to Sweden were Integrated Circuits ($8.34M), Chemical Analysis Instruments ($7.71M), and Refined Petroleum ($7.24M). Over the past 5 years the exports of Singapore to Sweden have decreased at an annualized rate of 7.3%,  from $196M in 2018 to $107M in 2023.

In 2023, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B).

Historical Data

Market Competitiveness

Color
Sweden
Top Destination
Germany$18.4B
Singapore
Top Destination
Hong Kong$44.5B

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

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

In 2023, countries that imported more from Singapore than Sweden included Hong Kong ($44.5B), Malaysia ($31.4B), and China ($36.7B).

Difference in imports from Singapore (Flag) and Sweden (Flag) (2023)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Singapore+$55MRefined Petroleum
Top Product Potential Singapore Sweden+$18.9MIntegrated Circuits

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 Singapore. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and Singapore (Flag) (NaN)

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