Greece (GRC) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Greece-Sweden Trade: In 2023, Greece exported $255M to Sweden. The main products that Greece exported to Sweden were Cheese ($36M), Binoculars and Telescopes ($34.5M), and Insulated Wire ($16.9M). Over the past 5 years the exports of Greece to Sweden have increased at an annualized rate of 1.49%, from $237M in 2018 to $255M in 2023.

In 2020, Greece exported services to Sweden worth $151M, with Transportation ($48.8M), Travel ($31.6M), and Other business services ($27.6M) being the largest in terms of value.

Sweden-Greece Trade: In 2023, Sweden exported $670M to Greece. The main products that Sweden exported to Greece were Packaged Medicaments ($98.9M), Cars ($96.2M), and Vaccines, blood, antisera, toxins and cultures ($26.9M). Over the past 5 years the exports of Sweden to Greece have increased at an annualized rate of 4.77%, from $531M in 2018 to $670M in 2023.

In 2020, Sweden exported services to Greece worth $82.7M, with Computer and information services ($20.6M), Personal, cultural, and recreational services ($16M), and Insurance services ($10.6M) being the largest in terms of value.

Comparison: In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Greece exported $255M to Sweden. The main products exported from Greece to Sweden were Cheese ($36M), Binoculars and Telescopes ($34.5M), and Insulated Wire ($16.9M). During the last 5 years the exports of Greece to Sweden have increased at an annualized rate of 1.49%, from $237M in 2018 to $255M in 2023.

In 2018, Sweden exported $670M to Greece. The main products exported from Sweden to Greece were Packaged Medicaments ($98.9M), Cars ($96.2M), and Vaccines, blood, antisera, toxins and cultures ($26.9M). During the last 5 years the exports of Sweden to Greece have increased at an annualized rate of 4.77%, from $531M in 2023 to $670M in 2018.

Exports from Greece () to Sweden () (2023)

Exports from Sweden () to Greece () (2023)

Latest Data

Trade between Greece () and Sweden ()

Greece Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Greece than Sweden included Cyprus ($3.03B), Bulgaria ($2.38B), and Lebanon ($1.78B).

In 2023, countries that imported more from Sweden than Greece included United States ($18.1B), Germany ($18.4B), and Denmark ($14.4B).

Difference in imports from Sweden () and Greece () (2023)

Comparative Advantage Greece - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Greece had a large net trade with Sweden in the exports of Foodstuffs ($44.8M), Instruments ($42.6M), and Animal Products ($42.3M).

During 2018, Sweden had a large net trade with Greece in the exports of Chemical Products ($161M), Machines ($145M), and Transportation ($119M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Greece Sweden+$47MRefined Petroleum

Top Product Potential Sweden Greece+$30.7MCars

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

Grc Year

In 2020, Greece exported services to Sweden worth $151M, with Transportation ($48.8M), Travel ($31.6M), and Other business services ($27.6M) being the largest in terms of value.

In 2020, Sweden exported services to Greece worth $82.7M, with Computer and information services ($20.6M), Personal, cultural, and recreational services ($16M), and Insurance services ($10.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Greece () to Sweden () (2023)

Exports from Sweden () to Greece () (2023)

Latest Data

Trade between Greece () and Sweden ()

Greece Exports

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Greece () (2023)

Comparative Advantage Greece - Sweden

Potential Exports

Potential Exports

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Bilateral Service Trade

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

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

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Greece () and Sweden () (2023)

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