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2022
Flag → Flag
Exports $24.2MRnk 112 / 217
2022
Flag → Flag
Top Product $2.63MDelivery Trucks
2022
Flag → Flag
Exports $480kRnk 65 / 129
2022
Flag → Flag
Top Product $76.9kHair Products
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.00081Rnk 66 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH83.7%CURRENT US$
Rnk 25 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH92.5%CURRENT US$
Rnk 10 / 186

About

Sweden-Armenia Trade: In 2022, Sweden exported $24.2M to Armenia. The main products that Sweden exported to Armenia were Delivery Trucks ($2.63M), Tractors ($2.38M), and Processed Tobacco ($1.76M). Over the past 5 years the exports of Sweden to Armenia have decreased at an annualized rate of 4.74%, from $30.8M in 2017 to $24.2M in 2022.

In 2022, Sweden did not export any services to Armenia.

Armenia-Sweden Trade: In 2022, Armenia exported $480k to Sweden. The main products that Armenia exported to Sweden were Hair Products ($76.9k), Other Processed Fruits and Nuts ($55.4k), and Processed Tomatoes ($31.4k). Over the past 5 years the exports of Armenia to Sweden have decreased at an annualized rate of 13%,  from $963k in 2017 to $480k in 2022.

In 2022, Armenia did not export any services to Sweden.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK4.2M and imported SEK10k from Armenia, resulting in a positive trade balance of SEK4.19M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-1.77M (-29.6%) from SEK5.97M to SEK4.2M, while imports decreased by SEK-1.25M (-99.2%) from SEK1.26M to SEK10k.

Trade In August 2024, the top exports of Sweden to Armenia were Processed Tobacco (SEK4.12M), Excavation Machinery (SEK700k), Animal Fat (SEK526k), Transmissions (SEK500k), and Hair Products (SEK440k). In August 2024 the top imports of Sweden from Armenia were Cut Flowers (SEK38k), Pens (SEK25k), Non-Knit Men's Undergarments (SEK2k), Felt or Coated Fabric Garments (SEK2k), and Used Clothing (SEK2k).

Growth In August 2024, the decrease in Sweden's year-by-year exports to Armenia was explained primarily by an decrease in product exports in Insulated Wire (SEK-160k or -70.5%), Other Engines (SEK-107k or -54.9%), and Air Pumps (SEK-55k or -85.9%). In August 2024, the decrease in Sweden's year-by-year imports  from Armenia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-1.77M(-29.6%)
IMPORT GROWTH (August 2023 - August 2024)SEK-1.25M(-99.2%)

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

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

For full datasets download visit Bulk Download page.

Explore Armenia and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $24.2M to Armenia. The main products exported from Sweden to Armenia were Delivery Trucks ($2.63M), Tractors ($2.38M), and Processed Tobacco ($1.76M). During the last 5 years the exports of Sweden to Armenia have decreased at an annualized rate of 4.74%, from $30.8M in 2017 to $24.2M in 2022.

In 2017, Armenia exported $480k to Sweden. The main products exported from Armenia to Sweden were Hair Products ($76.9k), Other Processed Fruits and Nuts ($55.4k), and Processed Tomatoes ($31.4k). During the last 5 years the exports of Armenia to Sweden have decreased at an annualized rate of 13%, from $963k in 2022 to $480k in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from Sweden than Armenia included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from Armenia than Sweden included Russia ($2.36B), Georgia ($260M), and Iraq ($250M).

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

Comparative Advantage Sweden - Armenia

Flow
Scale

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

During 2022, Sweden had a large net trade with Armenia in the exports of Transportation ($6.77M), Machines ($5.52M), and Chemical Products ($2.54M).

During 2017, Armenia had a large net trade with Sweden in the exports of Foodstuffs ($217k), Chemical Products ($94.6k), and Textiles ($50.9k).

Economic Complexity

Competitive Landscape

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

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

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