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Pricing

2022
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Exports $7.35BRnk 11 / 217
2022
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Top Product $1.06BMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $7.73BRnk 10 / 222
2022
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Top Product $2.48BCars
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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Economic Complexity (ECI) ECI 1.28Rnk 17 / 124
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 In 2022, Sweden exported $7.35B to Belgium. The main products that Sweden exported to Belgium are Motor vehicles; parts and accessories (8701 to 8705) ($1.06B), Refined Petroleum ($1.03B), and Combustion Engines ($659M). During the last 23 years the exports of Sweden to Belgium have increased at an annualized rate of 3.26%, from $3.51B in 1999 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 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). During the last 23 years the exports of Belgium to Sweden have increased at an annualized rate of 4.57%, from $2.76B in 1999 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 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B). That same year, Belgium ranked 17 in the Economic Complexity Index (ECI 1.28), and 13 in total exports ($475B).

Latest Trends

December, 2023

About

Overview In December 2023, Sweden exported SEK6.61B and imported SEK6.99B from Belgium, resulting in a negative trade balance of SEK382M. Between December 2022 and December 2023 the exports of Sweden have increased by SEK753M (12.9%) from SEK5.85B to SEK6.61B, while imports decreased by SEK-1.75B (-20%) from SEK8.74B to SEK6.99B.

Trade In December 2023, 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 December 2023 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 December 2023, 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 December 2023, 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

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)SEK753M(12.9%)
IMPORT GROWTH (December 2022 - December 2023)SEK-1.75B(-20%)

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.

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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 23 years the exports of Sweden to Belgium have increased at an annualized rate of 3.26%, from $3.51B in 1999 to $7.35B in 2022.

In 2022, 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 23 years the exports of Belgium to Sweden have increased at an annualized rate of 4.57%, from $2.76B in 1999 to $7.73B in 2022.

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 2021, countries that imported more from Sweden than Belgium were Norway ($18.7B), Finland ($13.4B), and Denmark ($14.6B).

In 2021, countries that imported more from Belgium than Sweden were 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 2022, Belgium had a large net trade with Sweden in the exports of Transportation ($2.97B), Chemical Products ($1.27B), and Machines ($865M).

Service Trade

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)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Sweden has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Sweden.

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

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