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2022
Flag → Flag
Exports $256MRnk 41 / 198
2022
Flag → Flag
Top Product $29.2MPrinted Circuit Boards
2022
Flag → Flag
Exports $291MRnk 53 / 217
2022
Flag → Flag
Top Product $30.3MKaolin Coated Paper
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag  
GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
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GDP GROWTH37%CURRENT US$
Rnk 89 / 186
2022
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 GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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GDP PC $48,984CURRENT US$
Rnk 20 / 186
2012-2022
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GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186
2022
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GDP PC$55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Hong Kong-Sweden Trade: In 2022, Hong Kong exported $256M to Sweden. The main products that Hong Kong exported to Sweden were Printed Circuit Boards ($29.2M), Broadcasting Equipment ($27.7M), and Integrated Circuits ($21.6M). Over the past 5 years the exports of Hong Kong to Sweden have decreased at an annualized rate of 4.02%, from $314M in 2017 to $256M in 2022.

In 2022, Hong Kong did not export any services to Sweden.

Sweden-Hong Kong Trade: In 2022, Sweden exported $291M to Hong Kong. The main products that Sweden exported to Hong Kong were Kaolin Coated Paper ($30.3M), Packaged Medicaments ($29.4M), and Other Plastic Products ($17.6M). Over the past 5 years the exports of Sweden to Hong Kong have decreased at an annualized rate of 5.22%,  from $448M in 2017 to $291M in 2022.

In 2020, Sweden exported services to Hong Kong worth $304M, with Other business services ($98.3M), Royalties and license fees ($93.8M), and Personal, cultural, and recreational services ($40.7M) being the largest in terms of value.

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hong Kong exported $256M to Sweden. The main products exported from Hong Kong to Sweden were Printed Circuit Boards ($29.2M), Broadcasting Equipment ($27.7M), and Integrated Circuits ($21.6M). During the last 5 years the exports of Hong Kong to Sweden have decreased at an annualized rate of 4.02%, from $314M in 2017 to $256M in 2022.

In 2017, Sweden exported $291M to Hong Kong. The main products exported from Sweden to Hong Kong were Kaolin Coated Paper ($30.3M), Packaged Medicaments ($29.4M), and Other Plastic Products ($17.6M). During the last 5 years the exports of Sweden to Hong Kong have decreased at an annualized rate of 5.22%, from $448M in 2022 to $291M in 2017.

Exports from Hong Kong (Flag) to Sweden (Flag) (2022)

Exports from Sweden (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and Sweden (Flag)

Hong Kong Exports

Sweden Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$23.4B
Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Hong Kong than Sweden included China ($23.4B), India ($14.3B), and Malaysia ($3.84B).

In 2022, countries that imported more from Sweden than Hong Kong included Norway ($18.7B), Germany ($19.2B), and Denmark ($14.6B).

Difference in imports from Sweden (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - Sweden

Flow
Scale

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

During 2022, Hong Kong had a large net trade with Sweden in the exports of Machines ($159M), Miscellaneous ($20.9M), and Instruments ($18.3M).

During 2017, Sweden had a large net trade with Hong Kong in the exports of Machines ($80.2M), Chemical Products ($50.1M), and Paper Goods ($42.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Hong Kong Sweden+$40.4MTelephones
Top Product Potential Sweden Hong Kong+$18.5MTelephones

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 Hong Kong worth $304M, with Other business services ($98.3M), Royalties and license fees ($93.8M), and Personal, cultural, and recreational services ($40.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to Hong Kong (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Hong Kong (Flag) and Sweden (Flag) (2022)

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