Have fun with OEC Games!
ITALY: New subnational monthly data !
New 50% OFF discount for academic accounts !
Sign In
Pricing

2022
Flag → Flag
Exports $1.44BRnk 26 / 217
2022
Flag → Flag
Top Product $223MChemical Analysis Instruments
2022
Flag → Flag
Exports $126MRnk 74 / 215
2022
Flag → Flag
Top Product $10.5MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Sweden-Singapore In 2022, Sweden exported $1.44B to Singapore. The main products that Sweden exported to Singapore are Chemical Analysis Instruments ($223M), Vaccines, blood, antisera, toxins and cultures ($174M), and Iron Ore ($154M). During the last 27 years the exports of Sweden to Singapore have increased at an annualized rate of 3.25%, from $608M in 1995 to $1.44B in 2022.

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 In 2022, Singapore exported $126M to Sweden. The main products that Singapore exported to Sweden were Integrated Circuits ($10.5M), Navigation Equipment ($10.2M), and Carbon ($8.88M). During the last 27 years the exports of Singapore to Sweden have decreased at an annualized rate of 1.13%, from $171M in 1995 to $126M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

January, 2024

About

Overview In January 2024, Sweden exported SEK666M and imported SEK98.9M from Singapore, resulting in a positive trade balance of SEK567M. Between January 2023 and January 2024 the exports of Sweden have decreased by SEK-234M (-26%) from SEK900M to SEK666M, while imports decreased by SEK-25.2M (-20.3%) from SEK124M to SEK98.9M.

Trade In January 2024, the top exports of Sweden to Singapore were Iron Ore (SEK132M), Chemical Analysis Instruments (SEK130M), Natural Polymers (SEK64.3M), Polymer Ion-Exchangers (SEK49.1M), and Vaccines, blood, antisera, toxins and cultures (SEK46.9M). In January 2024 the top imports of Sweden from Singapore were Integrated Circuits (SEK14.7M), Computers (SEK13.5M), Motor vehicles; parts and accessories (8701... (SEK8.96M), Chemical Analysis Instruments (SEK7.42M), and Carbon (SEK5.33M).

Growth In January 2024, the decrease in Sweden's year-by-year exports to Singapore was explained primarily by an decrease in product exports in Vaccines, blood, antisera, toxins and cultures (SEK-178M or -79.2%), Polymer Ion-Exchangers (SEK-110M or -69.2%), and Natural Polymers (SEK-39.8M or -38.2%). In January 2024, the decrease in Sweden's year-by-year imports  from Singapore was explained primarily by an decrease in product imports  in Integrated Circuits (SEK-25.9M or -63.9%), Navigation Equipment (SEK-20.5M or -99.7%), and Computers (SEK-17.7M or -56.7%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)SEK-234M(-26%)
IMPORT GROWTH (January 2023 - January 2024)SEK-25.2M(-20.3%)

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 Singapore and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and Sweden Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1.44B to Singapore. The main products exported from Sweden to Singapore were Chemical Analysis Instruments ($223M), Vaccines, blood, antisera, toxins and cultures ($174M), and Iron Ore ($154M). During the last 27 years the exports of Sweden to Singapore have increased at an annualized rate of 3.25%, from $608M in 1995 to $1.44B in 2022.

In 2022, Singapore exported $126M to Sweden. The main products exported from Singapore to Sweden were Integrated Circuits ($10.5M), Navigation Equipment ($10.2M), and Carbon ($8.88M). During the last 27 years the exports of Singapore to Sweden have decreased at an annualized rate of 1.13%, from $171M in 1995 to $126M in 2022.

Exports from Sweden (Flag) to Singapore (Flag) (2022)

Exports from Singapore (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Singapore
Top DestinationHong Kong$51.6B

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 2021, countries that imported more from Sweden than Singapore were Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

In 2021, countries that imported more from Singapore than Sweden were Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

Difference in imports from Singapore (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - Singapore

Flow
Scale

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

During 2022, Sweden had a large net trade with Singapore in the exports of Machines ($295M), Instruments ($257M), and Plastics and Rubbers ($233M).

During 2022, Singapore had a large net trade with Sweden in the exports of Machines ($57.3M), Chemical Products ($19.6M), and Instruments ($18.9M).

Service Trade

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to Singapore (Flag) (2020)

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

Product Space of Sweden (Flag) and Singapore (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms