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2023
Flag → Flag
Exports $10.8BRnk 46 / 208
2023
Flag → Flag
Top Product $580MElectric Batteries
2023
Flag → Flag
Exports $8.05BRnk 9 / 216
2023
Flag → Flag
Top Product $1.17BPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag  
GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
 GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC $12,614CURRENT US$
Rnk 80 / 195
2013-2023
Flag
GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC$55,517CURRENT US$
Rnk 19 / 196
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195

About

China-Sweden Trade: In 2023, China exported $10.8B to Sweden. The main products that China exported to Sweden were Electric Batteries ($580M), Broadcasting Equipment ($431M), and Electrical Transformers ($393M). Over the past 5 years the exports of China to Sweden have increased at an annualized rate of 3.39%, from $9.18B in 2018 to $10.8B in 2023.

In 2023, China did not export any services to Sweden.

Sweden-China Trade: In 2023, Sweden exported $8.05B to China. The main products that Sweden exported to China were Packaged Medicaments ($1.17B), Cars ($965M), and Vaccines, blood, antisera, toxins and cultures ($347M). Over the past 5 years the exports of Sweden to China have decreased at an annualized rate of 0.21%,  from $8.14B in 2018 to $8.05B in 2023.

In 2020, Sweden exported services to China worth $1.75B, with Other business services ($758M), Royalties and license fees ($564M), and Computer and information services ($233M) being the largest in terms of value.

Comparison: In 2023,  China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Latest Trends

December, 2024

About

Overview In December 2024, China exported $902M and imported $721M from Sweden, resulting in a positive trade balance of $181M. Between December 2023 and December 2024 the exports of China have increased by $99.3M (12.4%) from $803M to $902M, while imports decreased by $-134M (-15.7%) from $855M to $721M.

Trade In December 2024, the top exports of China to Sweden were Electrical Transformers ($40.8M), Cars ($39.5M), Motor vehicles; parts and accessories (8701... ($24.4M), Telephones ($21.5M), and Seats ($20.8M). In December 2024 the top imports of China from Sweden were Packaged Medicaments ($128M), Iron Ore ($37M), Sulfate Chemical Woodpulp ($34.7M), Vaccines, blood, antisera, toxins and cultures ($21.9M), and Kaolin Coated Paper ($20.4M).

Origins In December 2024 the exports of China were mainly from Guangdong Province ($227M), Jiangsu Province ($208M), Zhejiang Province ($168M), Shanghai Province ($65M), and Shandong Province ($58.1M), while imports destinations were mainly Shanghai Province ($218M), Jiangsu Province ($132M), Shandong Province ($73.8M), Beijing ($68.5M), and Guangdong Province ($67.8M).

Growth In December 2024, the increase in China's year-by-year exports to Sweden was explained primarily by an increase in product exports in Cars ($25.5M or 183%), Electrical Transformers ($12.7M or 45.3%), and Motor vehicles; parts and accessories (8701... ($5.71M or 30.6%). In December 2024, the decrease in China's year-by-year imports  from Sweden was explained primarily by an decrease in product imports  in Cars ($-11.1M or -44.3%), Kaolin Coated Paper ($-9.27M or -31.3%), and Sawn Wood ($-7.01M or -36.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$99.3M(12.4%)
IMPORT GROWTH (December 2023 - December 2024)$-134M(-15.7%)
MAIN EXPORTER (December 2024)Guangdong Province$227M

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Sweden and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Sweden and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, China exported $10.8B to Sweden. The main products exported from China to Sweden were Electric Batteries ($580M), Broadcasting Equipment ($431M), and Electrical Transformers ($393M). During the last 5 years the exports of China to Sweden have increased at an annualized rate of 3.39%, from $9.18B in 2018 to $10.8B in 2023.

In 2018, Sweden exported $8.05B to China. The main products exported from Sweden to China were Packaged Medicaments ($1.17B), Cars ($965M), and Vaccines, blood, antisera, toxins and cultures ($347M). During the last 5 years the exports of Sweden to China have decreased at an annualized rate of 0.21%, from $8.14B in 2023 to $8.05B in 2018.

Exports from China (Flag) to Sweden (Flag) (2023)

Exports from Sweden (Flag) to China (Flag) (2023)

Market Competitiveness

Color
China
Top DestinationUnited States$436B
Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from China than Sweden included United States ($436B), Hong Kong ($259B), and Japan ($169B).

In 2023, countries that imported more from Sweden than China included Denmark ($14.4B), Finland ($9.41B), and Norway ($10.9B).

Difference in imports from Sweden (Flag) and China (Flag) (2023)

Comparative Advantage China - Sweden

Flow
Scale

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

During 2023, China had a large net trade with Sweden in the exports of Machines ($4.98B), Textiles ($1.18B), and Miscellaneous ($1.07B).

During 2018, Sweden had a large net trade with China in the exports of Machines ($1.97B), Chemical Products ($1.8B), and Transportation ($1.22B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Sweden+$567MTelephones
Top Product Potential Sweden China+$487MCars

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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Bilateral Service Trade

In 2020, Sweden exported services to China worth $1.75B, with Other business services ($758M), Royalties and license fees ($564M), and Computer and information services ($233M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to China (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and Sweden. This means that a dot/product with the flag of China indicates it has a comparative advantage over Sweden. Similarly, a dot/product with the flag of Sweden indicates it has a comparative advantage over China.

Product Space of China (Flag) and Sweden (Flag) (2023)

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