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2022
Flag → Flag
Exports $2.04BRnk 16 / 217
2022
Flag → Flag
Top Product $295MIron Ore
2022
Flag → Flag
Exports $1.75BRnk 37 / 219
2022
Flag → Flag
Top Product $200MCars
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 0.6Rnk 41 / 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$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Sweden-Turkey Trade: In 2022, Sweden exported $2.04B to Turkey. The main products that Sweden exported to Turkey were Iron Ore ($295M), Cars ($185M), and Kaolin Coated Paper ($142M). Over the past 5 years the exports of Sweden to Turkey have increased at an annualized rate of 3.15%, from $1.74B in 2017 to $2.04B in 2022.

In 2020, Sweden exported services to Turkey worth $191M, with Personal, cultural, and recreational services ($60.1M), Computer and information services ($45.8M), and Transportation ($31.1M) being the largest in terms of value.

Turkey-Sweden Trade: In 2022, Turkey exported $1.75B to Sweden. The main products that Turkey exported to Sweden were Cars ($200M), Iron Structures ($71.6M), and Chromium Ore ($66.2M). Over the past 5 years the exports of Turkey to Sweden have increased at an annualized rate of 2.84%,  from $1.52B in 2017 to $1.75B in 2022.

In 2009, Turkey exported services to Sweden worth $275M, with Travel ($272M) and Other business services ($3.1M) being the largest in terms of value.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK1.81B and imported SEK1.35B from Turkey, resulting in a positive trade balance of SEK462M. Between August 2023 and August 2024 the exports of Sweden have increased by SEK528M (41.1%) from SEK1.29B to SEK1.81B, while imports increased by SEK86.5M (6.83%) from SEK1.27B to SEK1.35B.

Trade In August 2024, the top exports of Sweden to Turkey were Iron Ore (SEK249M), Scrap Iron (SEK247M), Cars (SEK201M), Raw Aluminium (SEK189M), and Sulfate Chemical Woodpulp (SEK117M). In August 2024 the top imports of Sweden from Turkey were Refrigerators (SEK67.8M), Delivery Trucks (SEK52.9M), Other Large Iron Pipes (SEK50.6M), Cars (SEK48.2M), and Household Washing Machines (SEK40.1M).

Growth In August 2024, the increase in Sweden's year-by-year exports to Turkey was explained primarily by an increase in product exports in Scrap Iron (SEK170M or 220%), Cars (SEK154M or 321%), and Sulfate Chemical Woodpulp (SEK92.4M or 371%). In August 2024, the increase in Sweden's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Delivery Trucks (SEK46.8M or 765%), Cars (SEK43.6M or 956%), and Borates (SEK27.7M or 1.12k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK528M(41.1%)
IMPORT GROWTH (August 2023 - August 2024)SEK86.5M(6.83%)

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 Turkey and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkey and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $2.04B to Turkey. The main products exported from Sweden to Turkey were Iron Ore ($295M), Cars ($185M), and Kaolin Coated Paper ($142M). During the last 5 years the exports of Sweden to Turkey have increased at an annualized rate of 3.15%, from $1.74B in 2017 to $2.04B in 2022.

In 2017, Turkey exported $1.75B to Sweden. The main products exported from Turkey to Sweden were Cars ($200M), Iron Structures ($71.6M), and Chromium Ore ($66.2M). During the last 5 years the exports of Turkey to Sweden have increased at an annualized rate of 2.84%, from $1.52B in 2022 to $1.75B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Sweden than Turkey included Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

In 2022, countries that imported more from Turkey than Sweden included Iraq ($13.7B), Russia ($9.24B), and Romania ($7.88B).

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

Comparative Advantage Sweden - Turkey

Flow
Scale

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

During 2022, Sweden had a large net trade with Turkey in the exports of Machines ($380M), Metals ($365M), and Paper Goods ($349M).

During 2017, Turkey had a large net trade with Sweden in the exports of Machines ($366M), Textiles ($347M), and Transportation ($325M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Turkey+$119MCars
Top Product Potential Turkey Sweden+$92.9MCars

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

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

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