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2022
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Exports $702MRnk 52 / 138
2022
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Top Product $179MCrude Petroleum
2022
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Exports $1BRnk 28 / 217
2022
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Top Product $220MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 0.42Rnk 45 / 124
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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 $15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 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

Russia-Sweden In 2022, Russia exported $702M to Sweden. The main products that Russia exported to Sweden are Crude Petroleum ($179M), Coal Tar Oil ($128M), and Refined Petroleum ($63.2M). During the last 27 years the exports of Russia to Sweden have increased at an annualized rate of 1.72%, from $443M in 1995 to $702M in 2022.

In 2020, Russia exported services to Sweden worth $277M, with Other business services ($134M), Transportation ($61.6M), and Computer and information services ($33.5M) being the largest in terms of value.

Sweden-Russia In 2022, Sweden exported $1B to Russia. The main products that Sweden exported to Russia were Packaged Medicaments ($220M), Nitrogen Heterocyclic Compounds ($136M), and Oxygen Heterocyclic Compounds ($112M). During the last 27 years the exports of Sweden to Russia have increased at an annualized rate of 1.75%, from $629M in 1995 to $1B in 2022.

In 2020, Sweden exported services to Russia worth $732M, with Other business services ($303M), Computer and information services ($179M), and Personal, cultural, and recreational services ($77.4M) being the largest in terms of value.

Comparison In 2022,  Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Sweden ranked 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $33.3M and imported $178M from Sweden, resulting in a negative trade balance of $145M. Between January 2021 and January 2022 the exports of Russia have increased by $1.18M (3.69%) from $32.1M to $33.3M, while imports increased by $46.8M (35.6%) from $132M to $178M.

Trade In January 2022, the top exports of Russia to Sweden were Refined Petroleum ($16.6M), Rubber Tires ($2.63M), Other Vegetable Residues ($1.31M), Coal Briquettes ($1.3M), and Plywood ($920k). In January 2022 the top imports of Russia from Sweden were Motor vehicles; parts and accessories (8701... ($9.67M), Delivery Trucks ($7.86M), Other Construction Vehicles ($5.91M), Tractors ($4.92M), and Packaged Medicaments ($4.83M).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($4.98M), KALININGRAD REGION ($3.98M), PERM TERRITORY ($2.43M), SVERDLOVSK REGION ($2.38M), and VOLOGDA REGION ($2.02M), while imports destinations were mainly MOSCOW REGION ($55.9M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($51.9M), ST. PETERSBURG ($18.3M), KALUGA REGION ($17.5M), and VORONEZH REGION ($4.87M).

Growth In January 2022, the increase in Russia's year-by-year exports to Sweden was explained primarily by an increase in product exports in Particle Board ($698k or 673%), Ferroalloys ($568k or 1.07k%), and Steel Wire ($318k or 968%). In January 2022, the increase in Russia's year-by-year imports  from Sweden was explained primarily by an increase in product imports  in Delivery Trucks ($5.9M or 299%), Nucleic Acids ($4.38M or 878k%), and Tractors ($3.76M or 322%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2021 - January 2022)$1.18M(3.69%)
IMPORT GROWTH (January 2021 - January 2022)$46.8M(35.6%)
MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$4.98M

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Russia exported $702M to Sweden. The main products exported from Russia to Sweden were Crude Petroleum ($179M), Coal Tar Oil ($128M), and Refined Petroleum ($63.2M). During the last 27 years the exports of Russia to Sweden have increased at an annualized rate of 1.72%, from $443M in 1995 to $702M in 2022.

In 2022, Sweden exported $1B to Russia. The main products exported from Sweden to Russia were Packaged Medicaments ($220M), Nitrogen Heterocyclic Compounds ($136M), and Oxygen Heterocyclic Compounds ($112M). During the last 27 years the exports of Sweden to Russia have increased at an annualized rate of 1.75%, from $629M in 1995 to $1B in 2022.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Sweden
Top DestinationGermany$19.2B

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

In 2021, countries that imported more from Russia than Sweden were China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2021, countries that imported more from Sweden than Russia were Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

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

Comparative Advantage Russia - Sweden

Flow
Scale

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

During 2022, Russia had a large net trade with Sweden in the exports of Mineral Products ($440M), Metals ($95.2M), and Chemical Products ($73.3M).

During 2022, Sweden had a large net trade with Russia in the exports of Chemical Products ($602M), Machines ($200M), and Transportation ($47.3M).

Service Trade

Bilateral Service Trade

In 2020, Russia exported services to Sweden worth $277M, with Other business services ($134M), Transportation ($61.6M), and Computer and information services ($33.5M) being the largest in terms of value.

In 2020, Sweden exported services to Russia worth $732M, with Other business services ($303M), Computer and information services ($179M), and Personal, cultural, and recreational services ($77.4M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Sweden. Similarly, the more yellow a dot/product is, the more Sweden has comparative advantage over Russia.

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

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