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2022
Flag → Flag
Exports $373MRnk 48 / 217
2022
Flag → Flag
Top Product $66.4MNuclear Reactors
2022
Flag → Flag
Exports $97MRnk 55 / 191
2022
Flag → Flag
Top Product $14.5MWood Carpentry
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 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$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Sweden-Ukraine Trade: In 2022, Sweden exported $373M to Ukraine. The main products that Sweden exported to Ukraine were Nuclear Reactors ($66.4M), Cars ($26.6M), and Kaolin Coated Paper ($17.9M). Over the past 5 years the exports of Sweden to Ukraine have decreased at an annualized rate of 2.31%, from $420M in 2017 to $373M in 2022.

In 2001, Sweden exported services to Ukraine worth $12.8M, with Other business services ($8.28M), Communications services ($2.57M), and Computer and information services ($571k) being the largest in terms of value.

Ukraine-Sweden Trade: In 2022, Ukraine exported $97M to Sweden. The main products that Ukraine exported to Sweden were Wood Carpentry ($14.5M), Gas Turbines ($13.3M), and Seed Oils ($7.43M). Over the past 5 years the exports of Ukraine to Sweden have decreased at an annualized rate of 1.24%,  from $103M in 2017 to $97M in 2022.

In 2022, Ukraine 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, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK199M and imported SEK94.5M from Ukraine, resulting in a positive trade balance of SEK105M. Between July 2023 and July 2024 the exports of Sweden have decreased by SEK-716M (-78.2%) from SEK916M to SEK199M, while imports decreased by SEK-65.3M (-40.9%) from SEK160M to SEK94.5M.

Trade In July 2024, the top exports of Sweden to Ukraine were Cars (SEK32.2M), Commodities not elsewhere specified (SEK29.1M), Soil Preparation Machinery (SEK22.4M), Kaolin Coated Paper (SEK16.7M), and Stainless Steel Ingots (SEK16.3M). In July 2024 the top imports of Sweden from Ukraine were Railway Cargo Containers (SEK66.7M), Gas Turbines (SEK28.1M), Seed Oils (SEK7.26M), Packing Bags (SEK5.59M), and Other Cloth Articles (SEK5.56M).

Growth In July 2024, the decrease in Sweden's year-by-year exports to Ukraine was explained primarily by an decrease in product exports in Soil Preparation Machinery (SEK-30M or -57.2%), Telephones (SEK-20.2M or -98.6%), and Prepr binder for foundry (SEK-9.18M or -98.4%). In July 2024, the decrease in Sweden's year-by-year imports  from Ukraine was explained primarily by an decrease in product imports  in Wood Carpentry (SEK-13.5M or -96.4%), Confectionery Sugar (SEK-831k or -89.3%), and Seats (SEK-817k or -84.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK-716M(-78.2%)
IMPORT GROWTH (July 2023 - July 2024)SEK-65.3M(-40.9%)

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 Ukraine and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ukraine and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $373M to Ukraine. The main products exported from Sweden to Ukraine were Nuclear Reactors ($66.4M), Cars ($26.6M), and Kaolin Coated Paper ($17.9M). During the last 5 years the exports of Sweden to Ukraine have decreased at an annualized rate of 2.31%, from $420M in 2017 to $373M in 2022.

In 2017, Ukraine exported $97M to Sweden. The main products exported from Ukraine to Sweden were Wood Carpentry ($14.5M), Gas Turbines ($13.3M), and Seed Oils ($7.43M). During the last 5 years the exports of Ukraine to Sweden have decreased at an annualized rate of 1.24%, from $103M in 2022 to $97M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Ukraine
Top DestinationPoland$6.7B

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

In 2022, countries that imported more from Sweden than Ukraine included Norway ($18.7B), United States ($17.8B), and Germany ($19.2B).

In 2022, countries that imported more from Ukraine than Sweden included Romania ($3.94B), Hungary ($2.28B), and Bulgaria ($1.48B).

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

Comparative Advantage Sweden - Ukraine

Flow
Scale

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

During 2022, Sweden had a large net trade with Ukraine in the exports of Machines ($129M), Transportation ($45.6M), and Chemical Products ($38.9M).

During 2017, Ukraine had a large net trade with Sweden in the exports of Machines ($19.9M), Wood Products ($18.5M), and Textiles ($10.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Ukraine+$25.3MCars
Top Product Potential Ukraine Sweden+$7MSeed Oils

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

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

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