Flag United States / Sweden Flag

2019
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Exports
: $4.02B, Rnk 47 / 218

2019
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Top Product
: $381M, Blood, antisera, vaccines, toxins and cultures

2019
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Exports
: $12.5B, Rnk 3 / 217

2019
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Top Product
: $2.15B, Cars

2019
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Economic Complexity (ECI)
: ECI 1.58, Rnk 10 / 146

2019
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Economic Complexity (ECI)
: ECI 1.64, Rnk 8 / 146

2019
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GDP
: $21.4T, CURRENT US$
Rnk 1 / 187

2009-2019
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GDP GROWTH
: 48.3%, CURRENT US$
Rnk 96 / 187

2019
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 GDP
: $531B, CURRENT US$
Rnk 24 / 187

2009-2019
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GDP GROWTH
: 21.6%, CURRENT US$
Rnk 147 / 187

2019
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GDP PC 
: $65,298, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP PC GROWTH
: 38.6%, CURRENT US$
Rnk 76 / 187

2019
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GDP PC
: $51,615, CURRENT US$
Rnk 14 / 187

2009-2019
Flag
GDP PC GROWTH
: 9.94%, CURRENT US$
Rnk 141 / 187

United States-Sweden In 2019, United States exported $4.02B to Sweden. The main products that United States exported to Sweden are Blood, antisera, vaccines, toxins and cultures ($381M), Crude Petroleum ($148M), and Packaged Medicaments ($104M). During the last 24 years the exports of United States to Sweden have increased at an annualized rate of 0.79%, from $3.33B in 1995 to $4.02B in 2019.

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 2019, Sweden exported $12.5B to United States . The main products that Sweden exported to United States were Cars ($2.15B), Packaged Medicaments ($1.17B), and Gas Turbines ($414M). During the last 24 years the exports of Sweden to United States have increased at an annualized rate of 2.86%, from $6.35B in 1995 to $12.5B in 2019.

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.

Comparison In 2019,  United States ranked 10 in the Economic Complexity Index (ECI 1.58), and 2 in total exports ($1.51T). That same year, Sweden ranked 8 in the Economic Complexity Index (ECI 1.64), and 32 in total exports ($158B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, United States exported $4.02B to Sweden. The main products exported from United States to Sweden were Blood, antisera, vaccines, toxins and cultures ($381M), Crude Petroleum ($148M), and Packaged Medicaments ($104M). During the last 24 years the exports of United States to Sweden have increased at an annualized rate of 0.79%, from $3.33B in 1995 to $4.02B in 2019.

In 2019, Sweden exported $12.5B to United States. The main products exported from Sweden to United States were Cars ($2.15B), Packaged Medicaments ($1.17B), and Gas Turbines ($414M). During the last 24 years the exports of Sweden to United States have increased at an annualized rate of 2.86%, from $6.35B in 1995 to $12.5B in 2019.

United States Exports

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Sweden Exports

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Market Competitiveness

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Measure

United States
Top Destination
: Canada, $252B

Sweden
Top Destination
: Germany, $16.4B

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 2019, countries that imported more from United States than Sweden were Canada ($252B), Mexico ($235B), and China ($103B).

In 2019, countries that imported more from Sweden than United States were Norway ($14.8B), Denmark ($11.1B), and Finland ($10B).

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 2019, United States had a large net trade with Sweden in the exports of Machines ($1.11B), Chemical Products ($912M), and Instruments ($429M).

During 2019, Sweden had a large net trade with United States in the exports of Machines ($3.57B), Transportation ($2.78B), and Chemical Products ($2.11B).

Tariff Section

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This section 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%).

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

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 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.

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.