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2022
Flag → Flag
Exports $1.71BRnk 20 / 210
2022
Flag → Flag
Top Product $276MBroadcasting Equipment
2022
Flag → Flag
Exports $846MRnk 36 / 217
2022
Flag → Flag
Top Product $127MVaccines, blood, antisera, toxins and cultures
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 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 $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 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

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).

Latest Trends

August, 2024

About

Overview In August 2024, Ireland exported €84.1M and imported €49.5M from Sweden, resulting in a positive trade balance of €34.6M. Between August 2023 and August 2024 the exports of Ireland have increased by €6.17M (7.92%) from €77.9M to €84.1M, while imports increased by €4.85M (10.9%) from €44.7M to €49.5M.

Trade In August 2024, the top exports of Ireland to Sweden were Office machines and automatic data processing... (€23.2M), Medicinal and pharmaceutical products (€19.8M), Meat and meat preparations (€11.9M), Manufactures of metal, n.e.s. (€7.85M), and Essential oils, perfume materials, toilet preparations... (€5.99M). In August 2024 the top imports of Ireland from Sweden were Chemical materials and products, n.e.s. (€19.6M), Medicinal and pharmaceutical products (€16.3M), Road vehicles (€11.3M), General industrial machinery and parts, n.e.s. (€6.63M), and Paper, paperboard and articles of paper... (€6.41M).

Growth In August 2024, the increase in Ireland's year-by-year exports to Sweden was explained primarily by an increase in product exports in Medicinal and pharmaceutical products (€10.5M or 113%), Manufactures of metal, n.e.s. (€4.38M or 126%), and Essential oils, perfume materials, toilet preparations... (€4.36M or 268%). In August 2024, the increase in Ireland's year-by-year imports  from Sweden was explained primarily by an increase in product imports  in Chemical materials and products, n.e.s. (€19M or 3.07k%), Medicinal and pharmaceutical products (€11M or 209%), and Road vehicles (€1.65M or 17.1%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€6.17M(7.92%)
IMPORT GROWTH (August 2023 - August 2024)€4.85M(10.9%)

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

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

For full datasets download visit Bulk Download page.

Explore Sweden and Ireland Data

Go to Bulk Download

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 DestinationUnited States$70.7B
Sweden
Top DestinationGermany$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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