Singapore (SGP) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Singapore-Sweden Trade: In 2023, Singapore exported $107M to Sweden. The main products that Singapore exported to Sweden were Integrated Circuits ($8.34M), Chemical Analysis Instruments ($7.71M), and Refined Petroleum ($7.24M). Over the past 5 years the exports of Singapore to Sweden have decreased at an annualized rate of 11.4%, from $196M in 2018 to $107M in 2023.

In 2023, Singapore did not export any services to Sweden.

Sweden-Singapore Trade: In 2023, Sweden exported $1.3B to Singapore. The main products that Sweden exported to Singapore were Chemical Analysis Instruments ($126M), Refined Petroleum ($81.7M), and Packaged Medicaments ($72.7M). Over the past 5 years the exports of Sweden to Singapore have increased at an annualized rate of 4.75%, from $1.03B in 2018 to $1.3B in 2023.

In 2020, Sweden exported services to Singapore worth $373M, with Other business services ($189M), Communications services ($52M), and Personal, cultural, and recreational services ($42.8M) being the largest in terms of value.

Comparison: In 2023, Singapore ranked 6 in the Economic Complexity Index (ECI 1.62), and 24 in total exports ($333B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Singapore exported $107M to Sweden. The main products exported from Singapore to Sweden were Integrated Circuits ($8.34M), Chemical Analysis Instruments ($7.71M), and Refined Petroleum ($7.24M). During the last 5 years the exports of Singapore to Sweden have decreased at an annualized rate of 11.4%, from $196M in 2018 to $107M in 2023.

In 2018, Sweden exported $1.3B to Singapore. The main products exported from Sweden to Singapore were Chemical Analysis Instruments ($126M), Refined Petroleum ($81.7M), and Packaged Medicaments ($72.7M). During the last 5 years the exports of Sweden to Singapore have increased at an annualized rate of 4.75%, from $1.03B in 2023 to $1.3B in 2018.

Exports from Singapore () to Sweden () (2023)

Exports from Sweden () to Singapore () (2023)

Latest Data

Trade between Singapore () and Sweden ()

Singapore Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Singapore
Top DestinationHong Kong$44.5B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Singapore than Sweden included Hong Kong ($44.5B), Malaysia ($31.4B), and China ($36.7B).

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

Difference in imports from Sweden () and Singapore () (2023)

Comparative Advantage Singapore - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Singapore had a large net trade with Sweden in the exports of Machines ($38.3M), Chemical Products ($20.1M), and Instruments ($18.1M).

During 2018, Sweden had a large net trade with Singapore in the exports of Machines ($406M), Instruments ($156M), and Metals ($145M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Singapore Sweden+$18.9MIntegrated Circuits

Top Product Potential Sweden Singapore+$55MRefined 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

Swe Year

In 2020, Sweden exported services to Singapore worth $373M, with Other business services ($189M), Communications services ($52M), and Personal, cultural, and recreational services ($42.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden () to Singapore () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Singapore () to Sweden () (2023)

Exports from Sweden () to Singapore () (2023)

Latest Data

Trade between Singapore () and Sweden ()

Singapore Exports

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Singapore () (2023)

Comparative Advantage Singapore - Sweden

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Sweden () to Singapore () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Singapore () and Sweden () (2023)

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