2023
Flag  
GDP
$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH
127%CURRENT US$
Rnk 7 / 195
2023
Flag
 GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC 
$103,888CURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP PC GROWTH
97.4%CURRENT US$
Rnk 9 / 195
2023
Flag
GDP PC
$55,517CURRENT US$
Rnk 19 / 196
2013-2023
Flag
GDP PC GROWTH
-8.76%CURRENT US$
Rnk 165 / 195

About

Ireland-Sweden Trade: In 2023, Ireland exported $2.07B to Sweden. The main products that Ireland exported to Sweden were Broadcasting Equipment ($355M), Video and Card Games ($311M), and Computers ($185M). Over the past 5 years the exports of Ireland to Sweden have increased at an annualized rate of 6.27%, from $1.53B in 2018 to $2.07B in 2023.

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 2023, Sweden exported $840M to Ireland. The main products that Sweden exported to Ireland were Vaccines, blood, antisera, toxins and cultures ($88.1M), Cars ($48M), and Refined Petroleum ($46.9M). Over the past 5 years the exports of Sweden to Ireland have decreased at an annualized rate of 0.58%,  from $865M in 2018 to $840M in 2023.

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 2023,  Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). 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, Ireland exported $2.07B to Sweden. The main products exported from Ireland to Sweden were Broadcasting Equipment ($355M), Video and Card Games ($311M), and Computers ($185M). During the last 5 years the exports of Ireland to Sweden have increased at an annualized rate of 6.27%, from $1.53B in 2018 to $2.07B in 2023.

In 2018, Sweden exported $840M to Ireland. The main products exported from Sweden to Ireland were Vaccines, blood, antisera, toxins and cultures ($88.1M), Cars ($48M), and Refined Petroleum ($46.9M). During the last 5 years the exports of Sweden to Ireland have decreased at an annualized rate of 0.58%, from $865M in 2023 to $840M in 2018.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$67.4B
Sweden
Top Destination
Germany$18.4B

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 2023, countries that imported more from Ireland than Sweden included United States ($67.4B), Belgium ($18.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Sweden than Ireland included Denmark ($14.4B), Norway ($10.9B), and Finland ($9.41B).

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

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 2023, Ireland had a large net trade with Sweden in the exports of Machines ($833M), Chemical Products ($503M), and Miscellaneous ($313M).

During 2018, Sweden had a large net trade with Ireland in the exports of Chemical Products ($190M), Machines ($171M), and Transportation ($112M).

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) (2023)

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