Flag Sweden / United States Flag

2020
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Exports
: $12.7B, Rnk 3 / 216

2020
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Top Product
: $2.51B, Cars

2020
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Exports
: $4.31B, Rnk 42 / 218

2020
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Top Product
: $465M, Crude Petroleum

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

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

2020
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GDP
: $541B, CURRENT US$
Rnk 22 / 195

2010-2020
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GDP GROWTH
: 9.16%, CURRENT US$
Rnk 142 / 195

2020
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 GDP
: $21T, CURRENT US$
Rnk 1 / 195

2010-2020
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GDP GROWTH
: 39.8%, CURRENT US$
Rnk 78 / 195

2020
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GDP PC 
: $52,274, CURRENT US$
Rnk 13 / 195

2010-2020
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GDP PC GROWTH
: -1.12%, CURRENT US$
Rnk 144 / 195

2020
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GDP PC
: $63,593, CURRENT US$
Rnk 8 / 195

2010-2020
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GDP PC GROWTH
: 31.2%, CURRENT US$
Rnk 57 / 195

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 2019, Sweden exported services to United States worth $707M, with Computer and information services ($225M), Other business services ($188M), and Royalties and license fees ($144M) 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 2011, United States exported services to Sweden worth $3.12B, with Travel ($1.43B), Royalties and license fees ($755M), and Transportation ($622M) 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).

Historical Data

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Bilateral Trade by Products

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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

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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

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Flow

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).

Bilateral Service Trade

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In 2019, Sweden exported services to United States worth $707M, with Computer and information services ($225M), Other business services ($188M), and Royalties and license fees ($144M) being the largest in terms of value.

In 2011, United States exported services to Sweden worth $3.12B, with Travel ($1.43B), Royalties and license fees ($755M), and Transportation ($622M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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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.