2023
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GDP
$4.2TCURRENT US$
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2013-2023
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GDP GROWTH
-19.3%CURRENT US$
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2023
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 GDP
$585BCURRENT US$
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0.14%CURRENT US$
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GDP PC 
$33,767CURRENT US$
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GDP PC GROWTH
-17.4%CURRENT US$
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GDP PC
$55,517CURRENT US$
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GDP PC GROWTH
-8.76%CURRENT US$
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About

Japan-Sweden Trade: In 2023, Japan exported $1.54B to Sweden. The main products that Japan exported to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($384M), Cars ($203M), and Rubber Tires ($113M). Over the past 5 years the exports of Japan to Sweden have decreased at an annualized rate of 4.75%, from $1.97B in 2018 to $1.54B in 2023.

In 2009, Japan exported services to Sweden worth $1.48B, with Services not allocated ($736M), Other business services ($463M), and Royalties and license fees ($123M) being the largest in terms of value.

Sweden-Japan Trade: In 2023, Sweden exported $2.67B to Japan. The main products that Sweden exported to Japan were Packaged Medicaments ($707M), Cars ($209M), and Video Recording Equipment ($200M). Over the past 5 years the exports of Sweden to Japan have decreased at an annualized rate of 0.18%,  from $2.75B in 2018 to $2.67B in 2023.

In 2020, Sweden exported services to Japan worth $892M, with Computer and information services ($513M), Royalties and license fees ($92.2M), and Personal, cultural, and recreational services ($89.9M) being the largest in terms of value.

Comparison: In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B). 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, Japan exported $1.54B to Sweden. The main products exported from Japan to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($384M), Cars ($203M), and Rubber Tires ($113M). During the last 5 years the exports of Japan to Sweden have decreased at an annualized rate of 4.75%, from $1.97B in 2018 to $1.54B in 2023.

In 2018, Sweden exported $2.67B to Japan. The main products exported from Sweden to Japan were Packaged Medicaments ($707M), Cars ($209M), and Video Recording Equipment ($200M). During the last 5 years the exports of Sweden to Japan have decreased at an annualized rate of 0.18%, from $2.75B in 2023 to $2.67B in 2018.

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

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

Market Competitiveness

Color
Japan
Top Destination
United States$143B
Sweden
Top Destination
Germany$18.4B

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

In 2023, countries that imported more from Japan than Sweden included China ($138B), United States ($143B), and Chinese Taipei ($43B).

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

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

Comparative Advantage Japan - Sweden

Flow
Scale

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

During 2023, Japan had a large net trade with Sweden in the exports of Transportation ($619M), Machines ($394M), and Plastics and Rubbers ($129M).

During 2018, Sweden had a large net trade with Japan in the exports of Chemical Products ($854M), Machines ($633M), and Transportation ($388M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Sweden+$199MCars
Top Product Potential Sweden Japan+$118MCars

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 2009, Japan exported services to Sweden worth $1.48B, with Services not allocated ($736M), Other business services ($463M), and Royalties and license fees ($123M) being the largest in terms of value.

In 2020, Sweden exported services to Japan worth $892M, with Computer and information services ($513M), Royalties and license fees ($92.2M), and Personal, cultural, and recreational services ($89.9M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Japan (Flag) to Sweden (Flag) (2009)

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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