2022
Flag  
GDP
$529BCURRENT US$
Rnk 26 / 186
2012-2022
Flag
GDP GROWTH
135%CURRENT US$
Rnk 7 / 186
2022
Flag
 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
GDP PC 
$104,039CURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
Flag
GDP PC
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Ireland-Sweden Trade: In 2022, Ireland exported $1.71B to Sweden. The main products that Ireland exported to Sweden were Broadcasting Equipment ($276M), Packaged Medicaments ($136M), and Computers ($129M). Over the past 5 years the exports of Ireland to Sweden have increased at an annualized rate of 4.83%, from $1.35B in 2017 to $1.71B in 2022.

In 2020, Ireland exported services to Sweden worth $1.35B, with Other business services ($798M), Insurance services ($259M), and Financial services ($207M) being the largest in terms of value.

Sweden-Ireland Trade: In 2022, Sweden exported $846M to Ireland. The main products that Sweden exported to Ireland were Vaccines, blood, antisera, toxins and cultures ($127M), Refined Petroleum ($81.8M), and Cars ($48.7M). Over the past 5 years the exports of Sweden to Ireland have increased at an annualized rate of 5.44%,  from $649M in 2017 to $846M in 2022.

In 2020, Sweden exported services to Ireland worth $1.73B, with Other business services ($719M), Computer and information services ($589M), and Personal, cultural, and recreational services ($117M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). 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, Ireland exported $1.71B to Sweden. The main products exported from Ireland to Sweden were Broadcasting Equipment ($276M), Packaged Medicaments ($136M), and Computers ($129M). During the last 5 years the exports of Ireland to Sweden have increased at an annualized rate of 4.83%, from $1.35B in 2017 to $1.71B in 2022.

In 2017, Sweden exported $846M to Ireland. The main products exported from Sweden to Ireland were Vaccines, blood, antisera, toxins and cultures ($127M), Refined Petroleum ($81.8M), and Cars ($48.7M). During the last 5 years the exports of Sweden to Ireland have increased at an annualized rate of 5.44%, from $649M in 2022 to $846M in 2017.

Exports from Ireland (Flag) to Sweden (Flag) (2022)

Exports from Sweden (Flag) to Ireland (Flag) (2022)

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Sweden
Top Destination
Germany$19.2B

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

In 2022, countries that imported more from Ireland than Sweden included United States ($70.7B), Belgium ($17B), and Germany ($28.6B).

In 2022, countries that imported more from Sweden than Ireland included Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

Difference in imports from Sweden (Flag) and Ireland (Flag) (2022)

Comparative Advantage Ireland - Sweden

Flow
Scale

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

During 2022, Ireland had a large net trade with Sweden in the exports of Machines ($704M), Chemical Products ($434M), and Animal Products ($195M).

During 2017, Sweden had a large net trade with Ireland in the exports of Chemical Products ($180M), Machines ($164M), and Transportation ($96.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Sweden+$62.1MPackaged Medicaments
Top Product Potential Sweden Ireland+$46.6MRefined Petroleum

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, Ireland exported services to Sweden worth $1.35B, with Other business services ($798M), Insurance services ($259M), and Financial services ($207M) being the largest in terms of value.

In 2020, Sweden exported services to Ireland worth $1.73B, with Other business services ($719M), Computer and information services ($589M), and Personal, cultural, and recreational services ($117M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Ireland (Flag) and Sweden (Flag) (2022)

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