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2022
Flag → Flag
Exports $1.83BRnk 19 / 217
2022
Flag → Flag
Top Product $290MPackaged Medicaments
2022
Flag → Flag
Exports $576MRnk 40 / 215
2022
Flag → Flag
Top Product $94.5MRaw Nickel
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
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GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Sweden-Canada Trade: In 2022, Sweden exported $1.83B to Canada. The main products that Sweden exported to Canada were Packaged Medicaments ($290M), Silver ($119M), and Cars ($103M). Over the past 5 years the exports of Sweden to Canada have increased at an annualized rate of 4.96%, from $1.44B in 2017 to $1.83B in 2022.

In 2020, Sweden exported services to Canada worth $1.19B, with Personal, cultural, and recreational services ($778M), Computer and information services ($156M), and Other business services ($122M) being the largest in terms of value.

Canada-Sweden Trade: In 2022, Canada exported $576M to Sweden. The main products that Canada exported to Sweden were Raw Nickel ($94.5M), Coal Briquettes ($77.7M), and Copper Ore ($45.7M). Over the past 5 years the exports of Canada to Sweden have decreased at an annualized rate of 0.19%,  from $581M in 2017 to $576M in 2022.

In 2020, Canada exported services to Sweden worth $111M, with Royalties and license fees ($47M), Transportation ($27.6M), and Travel ($18.6M) 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Latest Trends

June, 2024

About

Overview In June 2024, Sweden exported SEK3.61B and imported SEK233M from Canada, resulting in a positive trade balance of SEK3.37B. Between June 2023 and June 2024 the exports of Sweden have increased by SEK2.25B (165%) from SEK1.36B to SEK3.61B, while imports decreased by SEK-175M (-42.8%) from SEK408M to SEK233M.

Trade In June 2024, the top exports of Sweden to Canada were Packaged Medicaments (SEK399M), Cars (SEK82.6M), Other Electrical Machinery (SEK78.4M), Other Construction Vehicles (SEK53.6M), and Excavation Machinery (SEK52.7M). In June 2024 the top imports of Sweden from Canada were Copper Ore (SEK257M), Raw Nickel (SEK59.1M), Integrated Circuits (SEK44.1M), Fuel Wood (SEK33.1M), and Planes, Helicopters, and/or Spacecraft (SEK23M).

Growth In June 2024, the increase in Sweden's year-by-year exports to Canada was explained primarily by an increase in product exports in Packaged Medicaments (SEK272M or 215%), Other Electrical Machinery (SEK77.9M or 14.9k%), and Other Construction Vehicles (SEK47.2M or 735%). In June 2024, the decrease in Sweden's year-by-year imports  from Canada was explained primarily by an decrease in product imports  in Iron Stovetops (SEK-12.9M or -99.9%), Refrigerators (SEK-7.02M or -99.1%), and Wine (SEK-5.34M or -99.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)SEK2.25B(165%)
IMPORT GROWTH (June 2023 - June 2024)SEK-175M(-42.8%)

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 Canada and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Canada and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1.83B to Canada. The main products exported from Sweden to Canada were Packaged Medicaments ($290M), Silver ($119M), and Cars ($103M). During the last 5 years the exports of Sweden to Canada have increased at an annualized rate of 4.96%, from $1.44B in 2017 to $1.83B in 2022.

In 2017, Canada exported $576M to Sweden. The main products exported from Canada to Sweden were Raw Nickel ($94.5M), Coal Briquettes ($77.7M), and Copper Ore ($45.7M). During the last 5 years the exports of Canada to Sweden have decreased at an annualized rate of 0.19%, from $581M in 2022 to $576M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Canada
Top DestinationUnited States$438B

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

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

In 2022, countries that imported more from Canada than Sweden included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Sweden - Canada

Flow
Scale

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

During 2022, Sweden had a large net trade with Canada in the exports of Machines ($630M), Chemical Products ($405M), and Metals ($190M).

During 2017, Canada had a large net trade with Sweden in the exports of Machines ($136M), Mineral Products ($131M), and Metals ($128M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Canada+$109MCars
Top Product Potential Canada Sweden+$34.4MCars

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 Canada worth $1.19B, with Personal, cultural, and recreational services ($778M), Computer and information services ($156M), and Other business services ($122M) being the largest in terms of value.

In 2020, Canada exported services to Sweden worth $111M, with Royalties and license fees ($47M), Transportation ($27.6M), and Travel ($18.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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