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2022
Flag → Flag
Exports $10.2BRnk 3 / 217
2022
Flag → Flag
Top Product $3.4BCars
2022
Flag → Flag
Exports $3.67BRnk 41 / 219
2022
Flag → Flag
Top Product $1.26BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
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$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
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$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Sweden-United States Trade: In 2022, Sweden exported $10.2B to United States. The main products that Sweden exported to United States were Cars ($3.4B), Packaged Medicaments ($1.29B), and Vaccines, blood, antisera, toxins and cultures ($1.18B). Over the past 5 years the exports of Sweden to United States have increased at an annualized rate of 10.1%, from $6.3B in 2017 to $10.2B in 2022.

In 2020, Sweden exported services to United States worth $7.91B, with Computer and information services ($2.3B), Other business services ($2.12B), and Royalties and license fees ($1.72B) being the largest in terms of value.

United States-Sweden Trade: In 2022, United States exported $3.67B to Sweden. The main products that United States exported to Sweden were Crude Petroleum ($1.26B), Vaccines, blood, antisera, toxins and cultures ($740M), and Petroleum Gas ($504M). Over the past 5 years the exports of United States to Sweden have increased at an annualized rate of 1.75%,  from $3.36B in 2017 to $3.67B in 2022.

In 2017, United States exported services to Sweden worth $6.39B, with Other business services ($2.01B), Travel ($1.63B), and Financial services ($954M) 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Latest Trends

March, 2024

About

Overview In March 2024, Sweden exported SEK15.4B and imported SEK5.07B from United States, resulting in a positive trade balance of SEK10.3B. Between March 2023 and March 2024 the exports of Sweden have decreased by SEK-2.32B (-13.1%) from SEK17.7B to SEK15.4B, while imports decreased by SEK-1.68B (-24.9%) from SEK6.74B to SEK5.07B.

Trade In March 2024, the top exports of Sweden to United States were Cars (SEK3.23B), Vaccines, blood, antisera, toxins and cultures (SEK1.49B), Packaged Medicaments (SEK460M), Gas Turbines (SEK448M), and Kaolin Coated Paper (SEK430M). In March 2024 the top imports of Sweden from United States were Vaccines, blood, antisera, toxins and cultures (SEK668M), Acyclic Hydrocarbons (SEK612M), Crude Petroleum (SEK599M), Planes, Helicopters, and/or Spacecraft (SEK543M), and Petroleum Gas (SEK499M).

Growth In March 2024, the decrease in Sweden's year-by-year exports to United States was explained primarily by an decrease in product exports in Packaged Medicaments (SEK-1.54B or -77%), Refined Petroleum (SEK-527M or -61.2%), and Sawn Wood (SEK-474M or -76.9%). In March 2024, the decrease in Sweden's year-by-year imports  from United States was explained primarily by an decrease in product imports  in Refined Petroleum (SEK-147M or -98.9%), Computers (SEK-31M or -52.9%), and Office Machine Parts (SEK-22.4M or -69.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (March 2023 - March 2024)SEK-2.32B(-13.1%)
IMPORT GROWTH (March 2023 - March 2024)SEK-1.68B(-24.9%)

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 United States and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $10.2B to United States. The main products exported from Sweden to United States were Cars ($3.4B), Packaged Medicaments ($1.29B), and Vaccines, blood, antisera, toxins and cultures ($1.18B). During the last 5 years the exports of Sweden to United States have increased at an annualized rate of 10.1%, from $6.3B in 2017 to $10.2B in 2022.

In 2017, United States exported $3.67B to Sweden. The main products exported from United States to Sweden were Crude Petroleum ($1.26B), Vaccines, blood, antisera, toxins and cultures ($740M), and Petroleum Gas ($504M). During the last 22 years the exports of United States to Sweden have increased at an annualized rate of 1.75%, from $3.36B in 1995 to $3.67B in 2017.

Exports from Sweden (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
United States
Top DestinationCanada$308B

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

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

In 2022, countries that imported more from United States than Sweden included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - United States

Flow
Scale

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

During 2022, Sweden had a large net trade with United States in the exports of Machines ($3.97B), Transportation ($3.94B), and Chemical Products ($2.94B).

During 2017, United States had a large net trade with Sweden in the exports of Mineral Products ($2.24B), Chemical Products ($1.52B), and Machines ($1.24B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden United States+$602MCars
Top Product Potential United States Sweden+$271MCrude Petroleum

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

Product Space of Sweden (Flag) and United States (Flag) (2022)

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