Flag United States / Sweden Flag

Exports Flag → Flag  (2018): $4.44B, Rnk 48 / 215

Top Product Flag → Flag (2018): $601M, Planes, Helicopters, and/or Spacecraft

Exports Flag → Flag (2018): $11.1B, Rnk 4 / 211

Top Product Flag → Flag (2018): $1.55B, Cars

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

Economic Complexity of Flag (2018): ECI 1.66, Rnk 7 / 137

GDP Flag (2018): $20.5T, CURRENT US$
Rnk 1 / 196

GDP GROWTH Flag (2008-2018): 39.6%, CURRENT US$
Rnk 99 / 196

GDP Flag (2018): $556B, CURRENT US$
Rnk 22 / 196

GDP GROWTH Flag (2008-2018): 7.89%, CURRENT US$
Rnk 149 / 196

GDP PC Flag (2018): $62,795, CURRENT US$
Rnk 10 / 196

GDP PC GROWTH Flag (2008-2018): 29.8%, CURRENT US$
Rnk 81 / 196

GDP PC Flag (2018): $54,608, CURRENT US$
Rnk 13 / 196

GDP PC GROWTH Flag (2008-2018): -2.32%, CURRENT US$
Rnk 155 / 196

United States-Sweden: In 2018, United States exported $4.44B to Sweden. The main products exported from United States to Sweden were Planes, Helicopters, and/or Spacecraft ($601M), Blood, antisera, vaccines, toxins and cultures ($317M), and Gas Turbines ($135M). During the last 23 years the exports of United States to Sweden have increased at an annualized rate of 1.06%, from $3.48B in 1995 to $4.44B in 2018. 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.

Sweden-United States: In 2018, Sweden exported $11.1B to United States. The main products exported from Sweden to United States were Cars ($1.55B), Packaged Medicaments ($764M), and Refined Petroleum ($642M). During the last 23 years the exports of Sweden to United States have increased at an annualized rate of 2.46%, from $6.32B in 1995 to $11.1B in 2018. In 2017, Sweden exported services to United States worth $6.18B, with Computer and information services ($2.22B), Other business services ($1.52B), and Royalties and license fees ($1.18B) being the largest in terms of value.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.66), and 32 in total exports ($162B). In terms of GDP Per Capita, United States was ranked 10 with a GDP Per Capita of $62,795, and Sweden was ranked 13 with a GDP Per Capita of $54,608.

Bilateral Trade by Products

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Depth
Value

In 2018, United States exported $4.44B to Sweden. The main products exported from United States to Sweden were Planes, Helicopters, and/or Spacecraft ($601M), Blood, antisera, vaccines, toxins and cultures ($317M), and Gas Turbines ($135M). During the last 23 years the exports of United States to Sweden have increased at an annualized rate of 1.06%, from $3.48B in 1995 to $4.44B in 2018.

In 2018, Sweden exported $11.1B to United States. The main products exported from Sweden to United States were Cars ($1.55B), Packaged Medicaments ($764M), and Refined Petroleum ($642M). During the last 23 years the exports of Sweden to United States have increased at an annualized rate of 2.46%, from $6.32B in 1995 to $11.1B in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Sweden
Top Destination
: Germany, $17.4B

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

In 2018, countries that imported more from United States than Sweden were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Sweden than United States were Norway ($15.2B), Denmark ($11.2B), and Finland ($9.41B).

Comparative Advantage United States - Sweden

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Depth

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

During 2018, United States had a large net trade with Sweden in the exports of Machines ($1.2B), Transportation ($893M), and Chemical Products ($856M).

During 2018, Sweden had a large net trade with United States in the exports of Machines ($3.32B), Transportation ($2.01B), and Chemical Products ($1.58B).

Tariff Section

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This sections shows import tariffs for products traded between United States and Sweden (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Sweden were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2017, the products from Sweden that paid the highest import tariffs to enter United States were Sugar beet (178%) and Whey (173%).

Explore Tariff Data

*The tariffs present between United States and Sweden are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between United States and Sweden. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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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.

In 2017, Sweden exported services to United States worth $6.18B, with Computer and information services ($2.22B), Other business services ($1.52B), and Royalties and license fees ($1.18B) 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 red.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Sweden. Similarly, the more red a dot/product is, the more Sweden has comparative advantage over United States.