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2022
Flag → Flag
Exports $7.35BRnk 11 / 217
2022
Flag → Flag
Top Product $1.06BMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $7.73BRnk 10 / 222
2022
Flag → Flag
Top Product $2.48BCars
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
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$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 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
2022
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GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
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GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Sweden-Belgium Trade: In 2022, Sweden exported $7.35B to Belgium. The main products that Sweden exported to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($1.06B), Refined Petroleum ($1.03B), and Combustion Engines ($659M). Over the past 5 years the exports of Sweden to Belgium have increased at an annualized rate of 1.73%, from $6.75B in 2017 to $7.35B in 2022.

In 2020, Sweden exported services to Belgium worth $978M, with Other business services ($405M), Transportation ($199M), and Computer and information services ($135M) being the largest in terms of value.

Belgium-Sweden Trade: In 2022, Belgium exported $7.73B to Sweden. The main products that Belgium exported to Sweden were Cars ($2.48B), Vaccines, blood, antisera, toxins and cultures ($439M), and Refined Petroleum ($240M). Over the past 5 years the exports of Belgium to Sweden have increased at an annualized rate of 4.76%,  from $6.13B in 2017 to $7.73B in 2022.

In 2020, Belgium exported services to Sweden worth $1.95B, with Other business services ($844M), Transportation ($643M), and Computer and information services ($255M) 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK6.1B and imported SEK6.4B from Belgium, resulting in a negative trade balance of SEK292M. Between July 2023 and July 2024 the exports of Sweden have increased by SEK1.29B (26.7%) from SEK4.82B to SEK6.1B, while imports decreased by SEK-128M (-1.96%) from SEK6.52B to SEK6.4B.

Trade In July 2024, the top exports of Sweden to Belgium were Motor vehicles; parts and accessories (8701... (SEK1.06B), Refined Petroleum (SEK910M), Combustion Engines (SEK843M), Cars (SEK594M), and Hormones (SEK495M). In July 2024 the top imports of Sweden from Belgium were Cars (SEK1.93B), Motor vehicles; parts and accessories (8701... (SEK623M), Refined Petroleum (SEK474M), Packaged Medicaments (SEK330M), and Electric Batteries (SEK175M).

Growth In July 2024, the increase in Sweden's year-by-year exports to Belgium was explained primarily by an increase in product exports in Cars (SEK359M or 152%), Combustion Engines (SEK254M or 43%), and Hormones (SEK244M or 97.4%). In July 2024, the decrease in Sweden's year-by-year imports  from Belgium was explained primarily by an decrease in product imports  in Delivery Trucks (SEK-62.5M or -40.2%), Unsaturated Acyclic Monocarboxylic Acids (SEK-55.4M or -73.7%), and Saturated Acyclic Monocarboxylic Acids (SEK-35.3M or -73.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK1.29B(26.7%)
IMPORT GROWTH (July 2023 - July 2024)SEK-128M(-1.96%)

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 Belgium and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belgium and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $7.35B to Belgium. The main products exported from Sweden to Belgium were Motor vehicles; parts and accessories (8701 to 8705) ($1.06B), Refined Petroleum ($1.03B), and Combustion Engines ($659M). During the last 5 years the exports of Sweden to Belgium have increased at an annualized rate of 1.73%, from $6.75B in 2017 to $7.35B in 2022.

In 2017, Belgium exported $7.73B to Sweden. The main products exported from Belgium to Sweden were Cars ($2.48B), Vaccines, blood, antisera, toxins and cultures ($439M), and Refined Petroleum ($240M). During the last 5 years the exports of Belgium to Sweden have increased at an annualized rate of 4.76%, from $6.13B in 2022 to $7.73B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Sweden than Belgium included Norway ($18.7B), Finland ($13.4B), and Denmark ($14.6B).

In 2022, countries that imported more from Belgium than Sweden included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Sweden - Belgium

Flow
Scale

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

During 2022, Sweden had a large net trade with Belgium in the exports of Machines ($1.87B), Transportation ($1.72B), and Mineral Products ($1.33B).

During 2017, Belgium had a large net trade with Sweden in the exports of Transportation ($2.97B), Chemical Products ($1.27B), and Machines ($865M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Belgium+$152MCars
Top Product Potential Belgium Sweden+$125MRefined 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

In 2020, Sweden exported services to Belgium worth $978M, with Other business services ($405M), Transportation ($199M), and Computer and information services ($135M) being the largest in terms of value.

In 2020, Belgium exported services to Sweden worth $1.95B, with Other business services ($844M), Transportation ($643M), and Computer and information services ($255M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Belgium (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 Belgium. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Sweden.

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

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