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2023
Flag → Flag
Exports $649MRnk 43 / 216
2023
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Top Product $70.5MReaction and Catalytic Products
2023
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Exports $1.44BRnk 17 / 197
2023
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Top Product $411MCars
2023
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Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI 1.35Rnk 15 / 132
2023
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GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
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 GDP$133BCURRENT US$
Rnk 61 / 195
2013-2023
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GDP GROWTH34.1%CURRENT US$
Rnk 104 / 195
2023
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GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
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GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
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GDP PC$24,491CURRENT US$
Rnk 51 / 196
2013-2023
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GDP PC GROWTH33.7%CURRENT US$
Rnk 71 / 195

About

Sweden-Slovakia Trade: In 2023, Sweden exported $649M to Slovakia. The main products that Sweden exported to Slovakia were Reaction and Catalytic Products ($70.5M), Cars ($50.9M), and Sulfate Chemical Woodpulp ($35.9M). Over the past 5 years the exports of Sweden to Slovakia have increased at an annualized rate of 6.48%, from $474M in 2018 to $649M in 2023.

In 2020, Sweden exported services to Slovakia worth $132M, with Other business services ($40.3M), Construction services ($39.5M), and Computer and information services ($19.4M) being the largest in terms of value.

Slovakia-Sweden Trade: In 2023, Slovakia exported $1.44B to Sweden. The main products that Slovakia exported to Sweden were Cars ($411M), Video Displays ($187M), and Electrical Lighting and Signalling Equipment ($82.4M). Over the past 5 years the exports of Slovakia to Sweden have increased at an annualized rate of 4.67%,  from $1.14B in 2018 to $1.44B in 2023.

In 2020, Slovakia exported services to Sweden worth $91M, with Other business services ($29.8M), Construction services ($25.9M), and Transportation ($16.3M) being the largest in terms of value.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35), and 39 in total exports ($107B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK418M and imported SEK1.63B from Slovakia, resulting in a negative trade balance of SEK1.21B. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-23.9M (-5.42%) from SEK442M to SEK418M, while imports increased by SEK831k (0.051%) from SEK1.63B to SEK1.63B.

Trade In October 2024, the top exports of Sweden to Slovakia were Cars (SEK42.1M), Reaction and Catalytic Products (SEK27.5M), Uncoated Paper (SEK24.4M), Sulfate Chemical Woodpulp (SEK18M), and Flat Flat-Rolled Steel (SEK17.3M). In October 2024 the top imports of Sweden from Slovakia were Cars (SEK246M), Video Displays (SEK146M), Motor vehicles; parts and accessories (8701... (SEK62.4M), Electrical Lighting and Signalling Equipment (SEK60M), and Excavation Machinery (SEK49.5M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Slovakia was explained primarily by an decrease in product exports in Hot-Rolled Iron (SEK-6.34M or -90.4%), Blank Audio Media (SEK-4.21M or -96.2%), and Other Zinc Products (SEK-3.54M or -44.8%). In October 2024, the increase in Sweden's year-by-year imports  from Slovakia was explained primarily by an increase in product imports  in Cars (SEK111M or 83%), Confectionery Sugar (SEK23.8M or 103%), and Motor vehicles; parts and accessories (8701... (SEK19.2M or 44.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-23.9M(-5.42%)
IMPORT GROWTH (October 2023 - October 2024)SEK831k(0.051%)

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 Slovakia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Slovakia and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $649M to Slovakia. The main products exported from Sweden to Slovakia were Reaction and Catalytic Products ($70.5M), Cars ($50.9M), and Sulfate Chemical Woodpulp ($35.9M). During the last 5 years the exports of Sweden to Slovakia have increased at an annualized rate of 6.48%, from $474M in 2018 to $649M in 2023.

In 2018, Slovakia exported $1.44B to Sweden. The main products exported from Slovakia to Sweden were Cars ($411M), Video Displays ($187M), and Electrical Lighting and Signalling Equipment ($82.4M). During the last 5 years the exports of Slovakia to Sweden have increased at an annualized rate of 4.67%, from $1.14B in 2023 to $1.44B in 2018.

Exports from Sweden (Flag) to Slovakia (Flag) (2023)

Exports from Slovakia (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Slovakia
Top DestinationGermany$21.5B

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

In 2023, countries that imported more from Sweden than Slovakia included Denmark ($14.4B), United States ($18.1B), and Norway ($10.9B).

In 2023, countries that imported more from Slovakia than Sweden included Czechia ($11.1B), Hungary ($7.34B), and Germany ($21.5B).

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

Comparative Advantage Sweden - Slovakia

Flow
Scale

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

During 2023, Sweden had a large net trade with Slovakia in the exports of Machines ($123M), Chemical Products ($118M), and Metals ($109M).

During 2018, Slovakia had a large net trade with Sweden in the exports of Machines ($611M), Transportation ($499M), and Foodstuffs ($88.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Slovakia+$27.8MCars
Top Product Potential Slovakia Sweden+$128MCars

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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Bilateral Service Trade

In 2020, Sweden exported services to Slovakia worth $132M, with Other business services ($40.3M), Construction services ($39.5M), and Computer and information services ($19.4M) being the largest in terms of value.

In 2020, Slovakia exported services to Sweden worth $91M, with Other business services ($29.8M), Construction services ($25.9M), and Transportation ($16.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Sweden (Flag) and Slovakia (Flag) (2023)

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