NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $2.2BRnk 17 / 216
2023
Flag → Flag
Top Product $384MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $1.97BRnk 22 / 213
2023
Flag → Flag
Top Product $122MEthylene Polymers
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.56Rnk 8 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$56,034CURRENT US$
Rnk 18 / 196
2013-2023
Flag
GDP PC GROWTH11.4%CURRENT US$
Rnk 131 / 195

About

Sweden-Austria Trade: In 2023, Sweden exported $2.2B to Austria. The main products that Sweden exported to Austria were Vaccines, blood, antisera, toxins and cultures ($384M), Cars ($116M), and Motor vehicles; parts and accessories (8701 to 8705) ($112M). Over the past 5 years the exports of Sweden to Austria have increased at an annualized rate of 4.61%, from $1.76B in 2018 to $2.2B in 2023.

In 2020, Sweden exported services to Austria worth $664M, with Travel ($170M), Royalties and license fees ($146M), and Transportation ($105M) being the largest in terms of value.

Austria-Sweden Trade: In 2023, Austria exported $1.97B to Sweden. The main products that Austria exported to Sweden were Ethylene Polymers ($122M), Flavored Water ($86.1M), and Carbides ($69.8M). Over the past 5 years the exports of Austria to Sweden have increased at an annualized rate of 0.041%,  from $1.97B in 2018 to $1.97B in 2023.

In 2020, Austria exported services to Sweden worth $835M, with Transportation ($370M), Other business services ($203M), and Travel ($119M) being the largest in terms of value.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK1.53B and imported SEK1.74B from Austria, resulting in a negative trade balance of SEK212M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-471M (-23.6%) from SEK2B to SEK1.53B, while imports decreased by SEK-16M (-0.91%) from SEK1.75B to SEK1.74B.

Trade In October 2024, the top exports of Sweden to Austria were Vaccines, blood, antisera, toxins and cultures (SEK424M), Iron Ore (SEK168M), Cars (SEK123M), Packaged Medicaments (SEK118M), and Motor vehicles; parts and accessories (8701... (SEK76M). In October 2024 the top imports of Sweden from Austria were Ethylene Polymers (SEK121M), Flavored Water (SEK76.7M), Vaccines, blood, antisera, toxins and cultures (SEK65.6M), Carbides (SEK65.6M), and Ball Bearings (SEK43.4M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Austria was explained primarily by an decrease in product exports in Dissolving Grades Chemical Woodpulp (SEK-18.9M or -76.9%), Ethylene Polymers (SEK-15.4M or -50.2%), and Other Uncoated Paper (SEK-12.8M or -72%). In October 2024, the decrease in Sweden's year-by-year imports  from Austria was explained primarily by an decrease in product imports  in Medical Instruments (SEK-33.3M or -69.4%), Insulated Wire (SEK-22.7M or -76.9%), and Prepr binder for foundry (SEK-20.1M or -88.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-471M(-23.6%)
IMPORT GROWTH (October 2023 - October 2024)SEK-16M(-0.91%)

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 Austria and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Austria and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $2.2B to Austria. The main products exported from Sweden to Austria were Vaccines, blood, antisera, toxins and cultures ($384M), Cars ($116M), and Motor vehicles; parts and accessories (8701 to 8705) ($112M). During the last 5 years the exports of Sweden to Austria have increased at an annualized rate of 4.61%, from $1.76B in 2018 to $2.2B in 2023.

In 2018, Austria exported $1.97B to Sweden. The main products exported from Austria to Sweden were Ethylene Polymers ($122M), Flavored Water ($86.1M), and Carbides ($69.8M). During the last 5 years the exports of Austria to Sweden have increased at an annualized rate of 0.041%, from $1.97B in 2023 to $1.97B in 2018.

Exports from Sweden (Flag) to Austria (Flag) (2023)

Exports from Austria (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Austria
Top DestinationGermany$51B

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

In 2023, countries that imported more from Sweden than Austria included Denmark ($14.4B), Norway ($10.9B), and Finland ($9.41B).

In 2023, countries that imported more from Austria than Sweden included Germany ($51B), Switzerland ($10.9B), and Hungary ($8.42B).

Difference in imports from Austria (Flag) and Sweden (Flag) (2023)

Comparative Advantage Sweden - Austria

Flow
Scale

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

During 2023, Sweden had a large net trade with Austria in the exports of Chemical Products ($563M), Machines ($413M), and Paper Goods ($306M).

During 2018, Austria had a large net trade with Sweden in the exports of Machines ($602M), Metals ($398M), and Plastics and Rubbers ($204M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Austria+$70.7MCars
Top Product Potential Austria Sweden+$45.7MCars

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Bilateral Service Trade

In 2020, Sweden exported services to Austria worth $664M, with Travel ($170M), Royalties and license fees ($146M), and Transportation ($105M) being the largest in terms of value.

In 2020, Austria exported services to Sweden worth $835M, with Transportation ($370M), Other business services ($203M), and Travel ($119M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Sweden (Flag) and Austria (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms