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2023
Flag → Flag
Exports $316MRnk 55 / 213
2023
Flag → Flag
Top Product $150MPalm Oil
2023
Flag → Flag
Exports $795MRnk 38 / 216
2023
Flag → Flag
Top Product $164MDelivery Trucks
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
Flag
 GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC $4,876CURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC$55,517CURRENT US$
Rnk 19 / 196
2013-2023
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GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195

About

Indonesia-Sweden Trade: In 2023, Indonesia exported $316M to Sweden. The main products that Indonesia exported to Sweden were Palm Oil ($150M), Leather Footwear ($10.8M), and Coconut Oil ($9.05M). Over the past 5 years the exports of Indonesia to Sweden have increased at an annualized rate of 11.2%, from $186M in 2018 to $316M in 2023.

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

Sweden-Indonesia Trade: In 2023, Sweden exported $795M to Indonesia. The main products that Sweden exported to Indonesia were Delivery Trucks ($164M), Kraft Paper ($52.5M), and Other Heating Machinery ($44.1M). Over the past 5 years the exports of Sweden to Indonesia have increased at an annualized rate of 3.51%,  from $669M in 2018 to $795M in 2023.

In 2020, Sweden exported services to Indonesia worth $164M, with Computer and information services ($62.7M), Royalties and license fees ($26.6M), and Financial services ($23.4M) being the largest in terms of value.

Comparison: In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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
Value

In 2023, Indonesia exported $316M to Sweden. The main products exported from Indonesia to Sweden were Palm Oil ($150M), Leather Footwear ($10.8M), and Coconut Oil ($9.05M). During the last 5 years the exports of Indonesia to Sweden have increased at an annualized rate of 11.2%, from $186M in 2018 to $316M in 2023.

In 2018, Sweden exported $795M to Indonesia. The main products exported from Sweden to Indonesia were Delivery Trucks ($164M), Kraft Paper ($52.5M), and Other Heating Machinery ($44.1M). During the last 5 years the exports of Sweden to Indonesia have increased at an annualized rate of 3.51%, from $669M in 2023 to $795M in 2018.

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

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

Latest Data

Trade between Indonesia (Flag) and Sweden (Flag)

Indonesia Exports

Sweden Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Indonesia than Sweden included China ($70.7B), India ($24B), and Japan ($23.7B).

In 2023, countries that imported more from Sweden than Indonesia included Denmark ($14.4B), Germany ($18.4B), and Norway ($10.9B).

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

Comparative Advantage Indonesia - Sweden

Flow
Scale

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

During 2023, Indonesia had a large net trade with Sweden in the exports of Animal and Vegetable Bi-Products ($162M), Textiles ($51.2M), and Footwear and Headwear ($21.7M).

During 2018, Sweden had a large net trade with Indonesia in the exports of Machines ($267M), Transportation ($224M), and Paper Goods ($123M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Indonesia Sweden+$10.2MLeather Footwear
Top Product Potential Sweden Indonesia+$21.9MMotor vehicles; parts and accessories (8701 to 8705)

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 Indonesia worth $164M, with Computer and information services ($62.7M), Royalties and license fees ($26.6M), and Financial services ($23.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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