2023
Flag  
GDP
$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH
72.6%CURRENT US$
Rnk 38 / 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 
$52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH
42.5%CURRENT US$
Rnk 56 / 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

Israel-Sweden Trade: In 2023, Israel exported $144M to Sweden. The main products that Israel exported to Sweden were Potassic Fertilizers ($14.2M), Broadcasting Accessories ($8.62M), and Other Edible Preparations ($7.02M). Over the past 5 years the exports of Israel to Sweden have decreased at an annualized rate of 2.25%, from $162M in 2018 to $144M in 2023.

In 2012, Israel exported services to Sweden worth $11.3M, with Computer and information services ($11.3M) being the largest in terms of value.

Sweden-Israel Trade: In 2023, Sweden exported $531M to Israel. The main products that Sweden exported to Israel were Packaged Medicaments ($78.9M), Motor vehicle (8701 to 8705) chassis fitted with engine ($35.5M), and Gas Turbines ($33.4M). Over the past 5 years the exports of Sweden to Israel have increased at an annualized rate of 4.64%,  from $423M in 2018 to $531M in 2023.

In 2009, Sweden exported services to Israel worth $190M, with Services not allocated ($95.1M), Other business services ($50.7M), and Transportation ($19.4M) being the largest in terms of value.

Comparison: In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28), and 49 in total exports ($69.3B). 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, Israel exported $144M to Sweden. The main products exported from Israel to Sweden were Potassic Fertilizers ($14.2M), Broadcasting Accessories ($8.62M), and Other Edible Preparations ($7.02M). During the last 5 years the exports of Israel to Sweden have decreased at an annualized rate of 2.25%, from $162M in 2018 to $144M in 2023.

In 2018, Sweden exported $531M to Israel. The main products exported from Sweden to Israel were Packaged Medicaments ($78.9M), Motor vehicle (8701 to 8705) chassis fitted with engine ($35.5M), and Gas Turbines ($33.4M). During the last 5 years the exports of Sweden to Israel have increased at an annualized rate of 4.64%, from $423M in 2023 to $531M in 2018.

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

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

Latest Data

Trade between Israel (Flag) and Sweden (Flag)

Israel Exports

Sweden Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Sweden
Top Destination
Germany$18.4B

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

In 2023, countries that imported more from Israel than Sweden included Ireland ($4.22B), United States ($20.3B), and Hong Kong ($2.46B).

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

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

Comparative Advantage Israel - Sweden

Flow
Scale

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

During 2023, Israel had a large net trade with Sweden in the exports of Machines ($44.3M), Chemical Products ($22.5M), and Instruments ($20.2M).

During 2018, Sweden had a large net trade with Israel in the exports of Machines ($171M), Transportation ($114M), and Chemical Products ($99.3M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Sweden+$11.6MTelephones
Top Product Potential Sweden Israel+$44.9MCars

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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Economic Complexity

Competitive Landscape

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

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

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