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2023
Flag → Flag
Exports $60.2MRnk 85 / 216
2023
Flag → Flag
Top Product $14.4MOther Uncoated Paper
2023
Flag → Flag
Exports $625MRnk 20 / 138
2023
Flag → Flag
Top Product $104MKnit T-shirts
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.03Rnk 113 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP GROWTH192%CURRENT US$
Rnk 3 / 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$2,551CURRENT US$
Rnk 146 / 196
2013-2023
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GDP PC GROWTH166%CURRENT US$
Rnk 2 / 195

About

Sweden-Bangladesh Trade: In 2023, Sweden exported $60.2M to Bangladesh. The main products that Sweden exported to Bangladesh were Other Uncoated Paper ($14.4M), Other Plastic Products ($12.2M), and Scrap Iron ($6.21M). Over the past 5 years the exports of Sweden to Bangladesh have increased at an annualized rate of 4.56%, from $48.2M in 2018 to $60.2M in 2023.

In 2023, Sweden did not export any services to Bangladesh.

Bangladesh-Sweden Trade: In 2023, Bangladesh exported $625M to Sweden. The main products that Bangladesh exported to Sweden were Knit T-shirts ($104M), Knit Sweaters ($101M), and Non-Knit Women's Suits ($70.8M). Over the past 5 years the exports of Bangladesh to Sweden have increased at an annualized rate of 2.27%,  from $546M in 2018 to $625M in 2023.

In 2023, Bangladesh did not export any services to Sweden.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Bangladesh ranked 113 in the Economic Complexity Index (ECI -1.03), and 55 in total exports ($54.5B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK36.4M and imported SEK664M from Bangladesh, resulting in a negative trade balance of SEK627M. Between October 2023 and October 2024 the exports of Sweden have increased by SEK1.74M (5.02%) from SEK34.7M to SEK36.4M, while imports increased by SEK166M (33.4%) from SEK498M to SEK664M.

Trade In October 2024, the top exports of Sweden to Bangladesh were Other Uncoated Paper (SEK9M), Combustion Engines (SEK6.17M), Coated Flat-Rolled Iron (SEK2.93M), High-voltage Protection Equipment (SEK2.53M), and Machinery Having Individual Functions (SEK1.46M). In October 2024 the top imports of Sweden from Bangladesh were Knit T-shirts (SEK95.9M), Knit Sweaters (SEK88.4M), Non-Knit Women's Suits (SEK67.4M), Non-Knit Men's Suits (SEK59.5M), and Knit Women's Suits (SEK45.1M).

Growth In October 2024, the increase in Sweden's year-by-year exports to Bangladesh was explained primarily by an increase in product exports in Other Uncoated Paper (SEK4.42M or 96.6%), Combustion Engines (SEK3.89M or 171%), and Other Electrical Machinery (SEK1.23M or 123k%). In October 2024, the increase in Sweden's year-by-year imports  from Bangladesh was explained primarily by an increase in product imports  in Non-Knit Men's Suits (SEK19.5M or 48.9%), Non-Knit Women's Suits (SEK17.1M or 33.9%), and Knit T-shirts (SEK9.7M or 11.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK1.74M(5.02%)
IMPORT GROWTH (October 2023 - October 2024)SEK166M(33.4%)

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 Bangladesh and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Bangladesh and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $60.2M to Bangladesh. The main products exported from Sweden to Bangladesh were Other Uncoated Paper ($14.4M), Other Plastic Products ($12.2M), and Scrap Iron ($6.21M). During the last 5 years the exports of Sweden to Bangladesh have increased at an annualized rate of 4.56%, from $48.2M in 2018 to $60.2M in 2023.

In 2018, Bangladesh exported $625M to Sweden. The main products exported from Bangladesh to Sweden were Knit T-shirts ($104M), Knit Sweaters ($101M), and Non-Knit Women's Suits ($70.8M). During the last 5 years the exports of Bangladesh to Sweden have increased at an annualized rate of 2.27%, from $546M in 2023 to $625M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Bangladesh
Top DestinationUnited States$8.58B

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

In 2023, countries that imported more from Sweden than Bangladesh included Denmark ($14.4B), Norway ($10.9B), and Germany ($18.4B).

In 2023, countries that imported more from Bangladesh than Sweden included Sri Lanka ($67.4M), Burma ($25M), and Mauritius ($23.2M).

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

Comparative Advantage Sweden - Bangladesh

Flow
Scale

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

During 2023, Sweden had a large net trade with Bangladesh in the exports of Machines ($17.5M), Paper Goods ($16.8M), and Plastics and Rubbers ($13M).

During 2018, Bangladesh had a large net trade with Sweden in the exports of Textiles ($607M), Footwear and Headwear ($8.49M), and Transportation ($2.87M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Bangladesh+$4.72MScrap Iron
Top Product Potential Bangladesh Sweden+$43.7MNon-Knit Men's Suits

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 Bangladesh. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Bangladesh. Similarly, a dot/product with the flag of Bangladesh indicates it has a comparative advantage over Sweden.

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

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