Germany (DEU) and Sweden (SWE) Trade

2022

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Exports $30BRnk 14 / 223

2022

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About

Germany-Sweden Trade: In 2022, Germany exported $30B to Sweden. The main products that Germany exported to Sweden were Cars ($3.24B), Motor vehicles; parts and accessories (8701 to 8705) ($1.38B), and Computers ($797M). Over the past 5 years the exports of Germany to Sweden have increased at an annualized rate of 0.6%, from $29.1B in 2017 to $30B in 2022.

In 2020, Germany exported services to Sweden worth $3.27B, with Other business services ($1.29B), Transportation ($850M), and Royalties and license fees ($487M) being the largest in terms of value.

Sweden-Germany Trade: In 2022, Sweden exported $19.2B to Germany. The main products that Sweden exported to Germany were Cars ($997M), Packaged Medicaments ($963M), and Vaccines, blood, antisera, toxins and cultures ($793M). Over the past 5 years the exports of Sweden to Germany have increased at an annualized rate of 3.75%, from $16B in 2017 to $19.2B in 2022.

In 2020, Sweden exported services to Germany worth $4.58B, with Other business services ($1.51B), Transportation ($795M), and Computer and information services ($727M) being the largest in terms of value.

Comparison: In 2022, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Latest Trends

July, 2024

About

Overview In July 2024, Germany exported €2.01B and imported €1.53B from Sweden, resulting in a positive trade balance of €482M. Between July 2023 and July 2024 the exports of Germany have increased by €66.6M (3.42%) from €1.95B to €2.01B, while imports increased by €122M (8.66%) from €1.41B to €1.53B.

Trade In July 2024, the top exports of Germany to Sweden were Motor cars and motor caravans (€241M), Chassis, bodies, engines etc. for motor... (€137M), Machinery for electricity production, distribution (€132M), Pharmaceutical products (€115M), and Other prefabricated chemicals (€108M). In July 2024 the top imports of Germany from Sweden were Pharmaceutical products (€157M), Paper and paperboard (€152M), Estimations for non-response (€123M), Motor cars and motor caravans (€79M), and Plates and sheets of iron or... (€67.8M).

Origins In July 2024 the exports of Germany were mainly from North Rhine-Westphalia (€392M), Bavaria (€242M), Baden-Württemberg (€242M), Lower Saxony (€149M), and Hesse (€140M), while imports destinations were mainly North Rhine-Westphalia (€346M), Baden-Württemberg (€202M), Lower Saxony (€160M), Bavaria (€136M), and Schleswig-Holstein (€118M).

Growth In July 2024, the increase in Germany's year-by-year exports to Sweden was explained primarily by an increase in product exports in Estimations for non-response (€103M or 16k%), Motor cars and motor caravans (€77.5M or 47.4%), and Machinery for electricity production, distribution (€31.2M or 30.8%). In July 2024, the increase in Germany's year-by-year imports from Sweden was explained primarily by an increase in product imports in Estimations for non-response (€71.1M or 137%), Pharmaceutical products (€52.4M or 50.2%), and Paper and paperboard (€45.3M or 42.5%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)€66.6M(3.42%)

IMPORT GROWTH (July 2023 - July 2024)€122M(8.66%)

MAIN EXPORTER (July 2024)North Rhine-Westphalia€392M

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Germany exported $30B to Sweden. The main products exported from Germany to Sweden were Cars ($3.24B), Motor vehicles; parts and accessories (8701 to 8705) ($1.38B), and Computers ($797M). During the last 5 years the exports of Germany to Sweden have increased at an annualized rate of 0.6%, from $29.1B in 2017 to $30B in 2022.

In 2017, Sweden exported $19.2B to Germany. The main products exported from Sweden to Germany were Cars ($997M), Packaged Medicaments ($963M), and Vaccines, blood, antisera, toxins and cultures ($793M). During the last 5 years the exports of Sweden to Germany have increased at an annualized rate of 3.75%, from $16B in 2022 to $19.2B in 2017.

Exports from Germany () to Sweden () (2022)

Exports from Sweden () to Germany () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Germany
Top DestinationUnited States$153B

Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Germany than Sweden included United States ($153B), France ($120B), and China ($109B).

In 2022, countries that imported more from Sweden than Germany included Norway ($18.7B), Finland ($13.4B), and Greenland ($230M).

Difference in imports from Sweden () and Germany () (2022)

Comparative Advantage Germany - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Germany had a large net trade with Sweden in the exports of Machines ($8.63B), Transportation ($5.92B), and Chemical Products ($3.95B).

During 2017, Sweden had a large net trade with Germany in the exports of Metals ($3.37B), Machines ($3.19B), and Chemical Products ($3.08B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Germany Sweden+$170MPackaged Medicaments

Top Product Potential Sweden Germany+$480MCars

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

Swe Year

Deu Year

In 2020, Germany exported services to Sweden worth $3.27B, with Other business services ($1.29B), Transportation ($850M), and Royalties and license fees ($487M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Germany () to Sweden () (2020)

Services Exports from Sweden () to Germany () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Germany () and Sweden () (2022)

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