Flag Vietnam / Sweden Flag

2020
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Exports
: $1.3B, Rnk 31 / 143

2020
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Top Product
: $698M, Broadcasting Equipment

2020
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Exports
: $257M, Rnk 51 / 216

2020
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Top Product
: $53.9M, Packaged Medicaments

2020
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Economic Complexity (ECI)
: ECI -0.057, Rnk 61 / 127

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

2020
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GDP
: $271B, CURRENT US$
Rnk 41 / 195

2010-2020
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GDP GROWTH
: 134%, CURRENT US$
Rnk 8 / 195

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 PC 
: $2,786, CURRENT US$
Rnk 139 / 195

2010-2020
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GDP PC GROWTH
: 111%, CURRENT US$
Rnk 7 / 195

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

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

Vietnam-Sweden In 2020, Vietnam exported $1.3B to Sweden. The main products that Vietnam exported to Sweden are Broadcasting Equipment ($698M), Computers ($79.1M), and Iron Structures ($41M). During the last 25 years the exports of Vietnam to Sweden have increased at an annualized rate of 18.7%, from $17.7M in 1995 to $1.3B in 2020.

In 2020, Vietnam did not export any services to Sweden.

Sweden-Vietnam In 2020, Sweden exported $257M to Vietnam . The main products that Sweden exported to Vietnam were Packaged Medicaments ($53.9M), Kaolin Coated Paper ($22.5M), and Uncoated Kraft Paper ($13.2M). During the last 25 years the exports of Sweden to Vietnam have increased at an annualized rate of 8.78%, from $31.4M in 1995 to $257M in 2020.

In 2020, Sweden did not export any services to Vietnam.

Comparison In 2020,  Vietnam ranked 61 in the Economic Complexity Index (ECI -0.057), and 16 in total exports ($300B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.59), and 32 in total exports ($152B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2020, Vietnam exported $1.3B to Sweden. The main products exported from Vietnam to Sweden were Broadcasting Equipment ($698M), Computers ($79.1M), and Iron Structures ($41M). During the last 25 years the exports of Vietnam to Sweden have increased at an annualized rate of 18.7%, from $17.7M in 1995 to $1.3B in 2020.

In 2020, Sweden exported $257M to Vietnam. The main products exported from Sweden to Vietnam were Packaged Medicaments ($53.9M), Kaolin Coated Paper ($22.5M), and Uncoated Kraft Paper ($13.2M). During the last 25 years the exports of Sweden to Vietnam have increased at an annualized rate of 8.78%, from $31.4M in 1995 to $257M in 2020.

Sweden Exports

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Market Competitiveness

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Measure

Vietnam
Top Destination
: United States, $77B

Sweden
Top Destination
: Germany, $15.9B

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

In 2019, countries that imported more from Vietnam than Sweden were United States ($77B), China ($49.4B), and South Korea ($19.6B).

In 2019, countries that imported more from Sweden than Vietnam were Norway ($14.2B), Denmark ($11.6B), and Finland ($9.44B).

Comparative Advantage Vietnam - Sweden

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Flow

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

During 2020, Vietnam had a large net trade with Sweden in the exports of Machines ($862M), Footwear and Headwear ($85.4M), and Textiles ($79.7M).

During 2020, Sweden had a large net trade with Vietnam in the exports of Machines ($84.3M), Chemical Products ($69M), and Paper Goods ($40.5M).

Tariff Section

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

In 2019, the products from Vietnam that paid the highest import tariffs to enter Sweden were Cigarettes containing tobacco (135%)and Cigars, cheroots, cigarettes, with tobacco substitute (135%).

In 2019, the products from Sweden that paid the highest import tariffs to enter Vietnam were Vermouth and other flavoured grape wines - pack > 2l (72.3k%)and Sugar beet (168%).

*The tariffs present between Vietnam and Sweden are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement
139: Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement

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 Vietnam has comparative advantage over Sweden. Similarly, the more red a dot/product is, the more Sweden has comparative advantage over Vietnam.