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2022
Flag → Flag
Exports $268MRnk 54 / 217
2022
Flag → Flag
Top Product $48.6MPackaged Medicaments
2022
Flag → Flag
Exports $1.55BRnk 32 / 152
2022
Flag → Flag
Top Product $654MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 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$409BCURRENT US$
Rnk 35 / 186
2012-2022
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GDP GROWTH109%CURRENT US$
Rnk 12 / 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$4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Sweden-Vietnam Trade: In 2022, Sweden exported $268M to Vietnam. The main products that Sweden exported to Vietnam were Packaged Medicaments ($48.6M), Kraft Paper ($15.3M), and Kaolin Coated Paper ($12.3M). Over the past 5 years the exports of Sweden to Vietnam have decreased at an annualized rate of 6.71%, from $380M in 2017 to $268M in 2022.

In 2022, Sweden did not export any services to Vietnam.

Vietnam-Sweden Trade: In 2022, Vietnam exported $1.55B to Sweden. The main products that Vietnam exported to Sweden were Broadcasting Equipment ($654M), Iron Structures ($98.9M), and Textile Footwear ($67.7M). Over the past 5 years the exports of Vietnam to Sweden have increased at an annualized rate of 6.27%,  from $1.15B in 2017 to $1.55B in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK276M and imported SEK626M from Vietnam, resulting in a negative trade balance of SEK350M. Between July 2023 and July 2024 the exports of Sweden have increased by SEK86.1M (45.3%) from SEK190M to SEK276M, while imports increased by SEK100M (19.1%) from SEK526M to SEK626M.

Trade In July 2024, the top exports of Sweden to Vietnam were Packaged Medicaments (SEK80.8M), Cars (SEK17.3M), Washing and Bottling Machines (SEK13.9M), Kaolin Coated Paper (SEK11.2M), and Prepr binder for foundry (SEK7.14M). In July 2024 the top imports of Sweden from Vietnam were Textile Footwear (SEK82.7M), Computers (SEK59.8M), Seats (SEK41.6M), Telephones (SEK33M), and Trunks and Cases (SEK32.6M).

Growth In July 2024, the increase in Sweden's year-by-year exports to Vietnam was explained primarily by an increase in product exports in Washing and Bottling Machines (SEK13.4M or 3.29k%), Cars (SEK7.74M or 81.1%), and Packaged Medicaments (SEK6.19M or 8.3%). In July 2024, the increase in Sweden's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Textile Footwear (SEK60.9M or 279%), Leather Footwear (SEK19.1M or 223%), and Trunks and Cases (SEK15.1M or 86%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK86.1M(45.3%)
IMPORT GROWTH (July 2023 - July 2024)SEK100M(19.1%)

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 Vietnam and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $268M to Vietnam. The main products exported from Sweden to Vietnam were Packaged Medicaments ($48.6M), Kraft Paper ($15.3M), and Kaolin Coated Paper ($12.3M). During the last 5 years the exports of Sweden to Vietnam have decreased at an annualized rate of 6.71%, from $380M in 2017 to $268M in 2022.

In 2017, Vietnam exported $1.55B to Sweden. The main products exported from Vietnam to Sweden were Broadcasting Equipment ($654M), Iron Structures ($98.9M), and Textile Footwear ($67.7M). During the last 5 years the exports of Vietnam to Sweden have increased at an annualized rate of 6.27%, from $1.15B in 2022 to $1.55B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Vietnam
Top DestinationUnited States$117B

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

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

In 2022, countries that imported more from Vietnam than Sweden included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Sweden - Vietnam

Flow
Scale

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

During 2022, Sweden had a large net trade with Vietnam in the exports of Machines ($75.8M), Chemical Products ($61.8M), and Paper Goods ($37M).

During 2017, Vietnam had a large net trade with Sweden in the exports of Machines ($829M), Metals ($159M), and Textiles ($147M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Vietnam+$26.8MPackaged Medicaments
Top Product Potential Vietnam Sweden+$160MTelephones

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

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

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