flash
EN | ES

Flag Sweden / United States Flag

2020
Flag → Flag
Exports: $12.7B, Rnk 3 / 216

2020
Flag → Flag
Top Product: $2.51B, Cars

2020
Flag → Flag
Exports: $4.31B, Rnk 42 / 218

2020
Flag → Flag
Top Product: $465M, Crude Petroleum

2020
Flag
Economic Complexity (ECI): ECI 1.59, Rnk 7 / 127

2020
Flag
Economic Complexity (ECI): ECI 1.56, Rnk 9 / 127

2020
Flag  
GDP: $541B, CURRENT US$
Rnk 22 / 204

2010-2020
Flag
GDP GROWTH: 9.21%, CURRENT US$
Rnk 143 / 204

2020
Flag
 GDP: $20.9T, CURRENT US$
Rnk 1 / 204

2010-2020
Flag
GDP GROWTH: 38.8%, CURRENT US$
Rnk 78 / 204

2020
Flag
GDP PC : $52,300, CURRENT US$
Rnk 15 / 204

2010-2020
Flag
GDP PC GROWTH: -1.08%, CURRENT US$
Rnk 147 / 204

2020
Flag
GDP PC: $63,028, CURRENT US$
Rnk 9 / 204

2010-2020
Flag
GDP PC GROWTH: 29.6%, CURRENT US$
Rnk 65 / 204

About

#permalink to section

Sweden-United States In 2020, Sweden exported $12.7B to United States. The main products that Sweden exported to United States are Cars ($2.51B), Packaged Medicaments ($1.54B), and Refined Petroleum ($526M). During the last 25 years the exports of Sweden to United States have increased at an annualized rate of 2.86%, from $6.27B in 1995 to $12.7B in 2020.

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 In 2020, United States exported $4.31B to Sweden. The main products that United States exported to Sweden were Crude Petroleum ($465M), Vaccines, blood, antisera, toxins and cultures ($440M), and Gas Turbines ($201M). During the last 25 years the exports of United States to Sweden have increased at an annualized rate of 1%, from $3.36B in 1995 to $4.31B in 2020.

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 2020,  Sweden ranked 7 in the Economic Complexity Index (ECI 1.59), and 32 in total exports ($152B). That same year, United States ranked 9 in the Economic Complexity Index (ECI 1.56), and 2 in total exports ($1.34T).

#permalink to section

November, 2022

#permalink to section

Overview In November 2022, Sweden exported SEK14B and imported SEK7.91B from United States, resulting in a positive trade balance of SEK6.07B. Between November 2021 and November 2022 the exports of Sweden have increased by SEK1.8B (14.8%) from SEK12.2B to SEK14B, while imports increased by SEK4.33B (121%) from SEK3.59B to SEK7.91B.

Trade In November 2022, the top exports of Sweden to United States were Cars (SEK1.58B), Packaged Medicaments (SEK1.52B), Refined Petroleum (SEK613M), Electric Furnaces (SEK258M), and Gas Turbines (SEK235M). In November 2022 the top imports of Sweden from United States were Vaccines, blood, antisera, toxins and cultures (SEK323M), Chemical Analysis Instruments (SEK145M), Packaged Medicaments (SEK116M), Gas Turbines (SEK102M), and Scrap Copper (SEK70.3M).

Growth In November 2022, the increase in Sweden's year-by-year exports to United States was explained primarily by an increase in product exports in Packaged Medicaments (SEK295M or 24.1%), Electric Furnaces (SEK214M or 488%), and Hormones (SEK58.7M or 534k%). In November 2022, the increase in Sweden's year-by-year imports  from United States was explained primarily by an increase in product imports  in Glands and Other Organs (SEK60.5M or 6.33k%), Chemical Analysis Instruments (SEK48.6M or 50.4%), and LCDs (SEK32.9M or 670%).

#permalink to section
Flow
Time Scale
Depth
Value

EXPORT GROWTH (November 2021 - November 2022): SEK1.8B, (14.8%)

IMPORT GROWTH (November 2021 - November 2022): SEK4.33B, (121%)

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

Go to Bulk Download

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, Sweden exported $12.7B to United States. The main products exported from Sweden to United States were Cars ($2.51B), Packaged Medicaments ($1.54B), and Refined Petroleum ($526M). During the last 25 years the exports of Sweden to United States have increased at an annualized rate of 2.86%, from $6.27B in 1995 to $12.7B in 2020.

In 2020, United States exported $4.31B to Sweden. The main products exported from United States to Sweden were Crude Petroleum ($465M), Vaccines, blood, antisera, toxins and cultures ($440M), and Gas Turbines ($201M). During the last 25 years the exports of United States to Sweden have increased at an annualized rate of 1%, from $3.36B in 1995 to $4.31B in 2020.

Market Competitiveness

#permalink to section
Measure

Sweden
Top Destination: Germany, $15.9B

United States
Top Destination: Canada, $218B

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 2019, countries that imported more from Sweden than United States were Norway ($14.2B), Denmark ($11.6B), and Finland ($9.44B).

In 2019, countries that imported more from United States than Sweden were Canada ($218B), Mexico ($196B), and China ($122B).

Comparative Advantage Sweden - United States

#permalink to section
Flow
Scale

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

During 2020, Sweden had a large net trade with United States in the exports of Transportation ($2.97B), Machines ($2.94B), and Chemical Products ($2.54B).

During 2020, United States had a large net trade with Sweden in the exports of Chemical Products ($1.07B), Machines ($999M), and Mineral Products ($752M).

Service Trade

#permalink to section

Bilateral Service Trade

#permalink to section

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.

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.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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

Related Profiles

About the OECPrivacy PolicyTerms
Created, Designed, and Developed by:
In collaboration with:

Have questions, comments, or concerns?

Send us an e-mail: [email protected]

v5.1.14 lamb