2022
Flag  
GDP
$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH
16.5%CURRENT US$
Rnk 132 / 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 
$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 94 / 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

Portugal-Sweden Trade: In 2022, Portugal exported $1.03B to Sweden. The main products that Portugal exported to Sweden were Copper Ore ($78.9M), Cars ($69.2M), and Other Engines ($58.7M). Over the past 5 years the exports of Portugal to Sweden have increased at an annualized rate of 12.1%, from $581M in 2017 to $1.03B in 2022.

In 2020, Portugal exported services to Sweden worth $90.2M, with Travel ($90.2M) being the largest in terms of value.

Sweden-Portugal Trade: In 2022, Sweden exported $1B to Portugal. The main products that Sweden exported to Portugal were Dried/Salted/Smoked/Brined Fish ($203M), Packaged Medicaments ($103M), and Non-fillet Fresh Fish ($61.4M). Over the past 5 years the exports of Sweden to Portugal have increased at an annualized rate of 5.49%,  from $766M in 2017 to $1B in 2022.

In 2020, Sweden exported services to Portugal worth $168M, with Other business services ($54.1M), Computer and information services ($46M), and Personal, cultural, and recreational services ($29.2M) being the largest in terms of value.

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). 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, Portugal exported $1.03B to Sweden. The main products exported from Portugal to Sweden were Copper Ore ($78.9M), Cars ($69.2M), and Other Engines ($58.7M). During the last 5 years the exports of Portugal to Sweden have increased at an annualized rate of 12.1%, from $581M in 2017 to $1.03B in 2022.

In 2017, Sweden exported $1B to Portugal. The main products exported from Sweden to Portugal were Dried/Salted/Smoked/Brined Fish ($203M), Packaged Medicaments ($103M), and Non-fillet Fresh Fish ($61.4M). During the last 5 years the exports of Sweden to Portugal have increased at an annualized rate of 5.49%, from $766M in 2022 to $1B in 2017.

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

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

Market Competitiveness

Color
Portugal
Top Destination
Spain$20.5B
Sweden
Top Destination
Germany$19.2B

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

In 2022, countries that imported more from Portugal than Sweden included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

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

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

Comparative Advantage Portugal - Sweden

Flow
Scale

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

During 2022, Portugal had a large net trade with Sweden in the exports of Machines ($237M), Transportation ($117M), and Textiles ($116M).

During 2017, Sweden had a large net trade with Portugal in the exports of Animal Products ($275M), Machines ($183M), and Chemical Products ($151M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal Sweden+$40.7MCars
Top Product Potential Sweden Portugal+$38.1MCars

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, Portugal exported services to Sweden worth $90.2M, with Travel ($90.2M) being the largest in terms of value.

In 2020, Sweden exported services to Portugal worth $168M, with Other business services ($54.1M), Computer and information services ($46M), and Personal, cultural, and recreational services ($29.2M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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