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Pricing

2022
Flag → Flag
Exports $1.75BRnk 21 / 217
2022
Flag → Flag
Top Product $99.6MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $662MRnk 37 / 213
2022
Flag → Flag
Top Product $412MCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
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GDP GROWTH8.3%CURRENT US$
Rnk 148 / 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$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Sweden-Australia Trade: In 2022, Sweden exported $1.75B to Australia. The main products that Sweden exported to Australia were Motor vehicles; parts and accessories (8701 to 8705) ($99.6M), Packaged Medicaments ($95.4M), and Excavation Machinery ($86.1M). Over the past 5 years the exports of Sweden to Australia have decreased at an annualized rate of 0.63%, from $1.81B in 2017 to $1.75B in 2022.

In 2020, Sweden exported services to Australia worth $574M, with Computer and information services ($276M), Other business services ($120M), and Transportation ($77.8M) being the largest in terms of value.

Australia-Sweden Trade: In 2022, Australia exported $662M to Sweden. The main products that Australia exported to Sweden were Coal Briquettes ($412M), Precious Metal Ore ($61M), and Raw Nickel ($41.6M). Over the past 5 years the exports of Australia to Sweden have increased at an annualized rate of 15%,  from $287M in 2017 to $662M in 2022.

In 2009, Australia exported services to Sweden worth $191M, with Travel ($140M), Other business services ($29.3M), and Transportation ($14.3M) being the largest in terms of value.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK1.12B and imported SEK500M from Australia, resulting in a positive trade balance of SEK617M. Between July 2023 and July 2024 the exports of Sweden have decreased by SEK-139M (-11.1%) from SEK1.26B to SEK1.12B, while imports decreased by SEK-170M (-25.4%) from SEK670M to SEK500M.

Trade In July 2024, the top exports of Sweden to Australia were Packaged Medicaments (SEK165M), Other Construction Vehicles (SEK114M), Excavation Machinery (SEK104M), Cars (SEK100M), and Motor vehicles; parts and accessories (8701... (SEK97.8M). In July 2024 the top imports of Sweden from Australia were Raw Nickel (SEK155M), Wine (SEK9.46M), Centrifuges (SEK7.88M), Motor vehicles; parts and accessories (8701... (SEK6.25M), and Compasses (SEK3.94M).

Growth In July 2024, the decrease in Sweden's year-by-year exports to Australia was explained primarily by an decrease in product exports in Sawn Wood (SEK-26.6M or -94.4%), Combustion Engines (SEK-24.7M or -46.5%), and Centrifuges (SEK-19.1M or -55.8%). In July 2024, the decrease in Sweden's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Wine (SEK-9.33M or -49.6%), Microphones and Headphones (SEK-8.08M or -99.4%), and Other Agricultural Machinery (SEK-2.21M or -98.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK-139M(-11.1%)
IMPORT GROWTH (July 2023 - July 2024)SEK-170M(-25.4%)

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 Australia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Australia and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1.75B to Australia. The main products exported from Sweden to Australia were Motor vehicles; parts and accessories (8701 to 8705) ($99.6M), Packaged Medicaments ($95.4M), and Excavation Machinery ($86.1M). During the last 5 years the exports of Sweden to Australia have decreased at an annualized rate of 0.63%, from $1.81B in 2017 to $1.75B in 2022.

In 2017, Australia exported $662M to Sweden. The main products exported from Australia to Sweden were Coal Briquettes ($412M), Precious Metal Ore ($61M), and Raw Nickel ($41.6M). During the last 5 years the exports of Australia to Sweden have increased at an annualized rate of 15%, from $287M in 2022 to $662M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Sweden than Australia included Norway ($18.7B), Germany ($19.2B), and Denmark ($14.6B).

In 2022, countries that imported more from Australia than Sweden included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Sweden - Australia

Flow
Scale

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

During 2022, Sweden had a large net trade with Australia in the exports of Machines ($706M), Transportation ($379M), and Chemical Products ($200M).

During 2017, Australia had a large net trade with Sweden in the exports of Mineral Products ($527M), Metals ($51.1M), and Machines ($28.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Australia+$57.3MCars
Top Product Potential Australia Sweden+$10.4MCopper Ore

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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Economic Complexity

Competitive Landscape

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

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

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