Flag United States / Sweden Flag

2021
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Exports
: $5.07B, Rnk 45 / 217

2021
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Top Product
: $642M, Vaccines, blood, antisera, toxins and cultures

2021
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Exports
: $15.2B, Rnk 3 / 219

2021
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Top Product
: $2.82B, Cars

2021
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Economic Complexity (ECI)
: ECI 1.46, Rnk 10 / 131

2021
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Economic Complexity (ECI)
: ECI 1.54, Rnk 8 / 131

2021
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GDP
: $23T, CURRENT US$
Rnk 1 / 182

2011-2021
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GDP GROWTH
: 47.4%, CURRENT US$
Rnk 56 / 182

2021
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 GDP
: $627B, CURRENT US$
Rnk 22 / 182

2011-2021
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GDP GROWTH
: 9.29%, CURRENT US$
Rnk 133 / 182

2021
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GDP PC 
: $69,288, CURRENT US$
Rnk 7 / 182

2011-2021
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GDP PC GROWTH
: 38.4%, CURRENT US$
Rnk 44 / 182

2021
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GDP PC
: $60,239, CURRENT US$
Rnk 11 / 182

2011-2021
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GDP PC GROWTH
: -0.85%, CURRENT US$
Rnk 130 / 182

United States-Sweden In 2021, United States exported $5.07B to Sweden. The main products that United States exported to Sweden are Vaccines, blood, antisera, toxins and cultures ($642M), Crude Petroleum ($594M), and Chemical Analysis Instruments ($215M). During the last 26 years the exports of United States to Sweden have increased at an annualized rate of 1.59%, from $3.36B in 1995 to $5.07B in 2021.

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.

Sweden-United States In 2021, Sweden exported $15.2B to United States. The main products that Sweden exported to United States were Cars ($2.82B), Packaged Medicaments ($1.34B), and Refined Petroleum ($858M). During the last 26 years the exports of Sweden to United States have increased at an annualized rate of 3.47%, from $6.27B in 1995 to $15.2B in 2021.

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.

Comparison In 2021,  United States ranked 10 in the Economic Complexity Index (ECI 1.46), and 2 in total exports ($1.63T). That same year, Sweden ranked 8 in the Economic Complexity Index (ECI 1.54), and 32 in total exports ($185B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, United States exported $5.07B to Sweden. The main products exported from United States to Sweden were Vaccines, blood, antisera, toxins and cultures ($642M), Crude Petroleum ($594M), and Chemical Analysis Instruments ($215M). During the last 26 years the exports of United States to Sweden have increased at an annualized rate of 1.59%, from $3.36B in 1995 to $5.07B in 2021.

In 2021, Sweden exported $15.2B to United States. The main products exported from Sweden to United States were Cars ($2.82B), Packaged Medicaments ($1.34B), and Refined Petroleum ($858M). During the last 26 years the exports of Sweden to United States have increased at an annualized rate of 3.47%, from $6.27B in 1995 to $15.2B in 2021.

Market Competitiveness

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Color

United States
Top Destination
: Canada, $259B

Sweden
Top Destination
: Germany, $19.1B

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 2021, countries that imported more from United States than Sweden were Canada ($259B), Mexico ($247B), and China ($151B).

In 2021, countries that imported more from Sweden than United States were Norway ($17.4B), Denmark ($14.5B), and Finland ($11.9B).

Comparative Advantage United States - Sweden

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Flow
Scale

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

During 2021, United States had a large net trade with Sweden in the exports of Chemical Products ($1.24B), Machines ($1.09B), and Mineral Products ($958M).

During 2021, Sweden had a large net trade with United States in the exports of Machines ($3.52B), Transportation ($3.44B), and Chemical Products ($2.7B).

Bilateral Service Trade

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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.

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.

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