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2022
Flag → Flag
Exports $7.48BRnk 10 / 217
2022
Flag → Flag
Top Product $944MCars
2022
Flag → Flag
Exports $13.6BRnk 45 / 211
2022
Flag → Flag
Top Product $500MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 1.12Rnk 22 / 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$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 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$12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

Sweden-China Trade: In 2022, Sweden exported $7.48B to China. The main products that Sweden exported to China were Cars ($944M), Packaged Medicaments ($661M), and Vaccines, blood, antisera, toxins and cultures ($484M). Over the past 5 years the exports of Sweden to China have increased at an annualized rate of 1.31%, from $7B in 2017 to $7.48B in 2022.

In 2020, Sweden exported services to China worth $1.75B, with Other business services ($758M), Royalties and license fees ($564M), and Computer and information services ($233M) being the largest in terms of value.

China-Sweden Trade: In 2022, China exported $13.6B to Sweden. The main products that China exported to Sweden were Broadcasting Equipment ($500M), Light Fixtures ($388M), and Computers ($349M). Over the past 5 years the exports of China to Sweden have increased at an annualized rate of 10.6%,  from $8.2B in 2017 to $13.6B in 2022.

In 2022, China did not export any services to Sweden.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK5.29B and imported SEK7.68B from China, resulting in a negative trade balance of SEK2.39B. Between July 2023 and July 2024 the exports of Sweden have decreased by SEK-395M (-6.96%) from SEK5.68B to SEK5.29B, while imports increased by SEK1.28B (20%) from SEK6.4B to SEK7.68B.

Trade In July 2024, the top exports of Sweden to China were Cars (SEK625M), Packaged Medicaments (SEK419M), Vaccines, blood, antisera, toxins and cultures (SEK311M), Sulfate Chemical Woodpulp (SEK281M), and Ethylene Polymers (SEK220M). In July 2024 the top imports of Sweden from China were Oxometallic or Peroxometallic Acid Salts (SEK451M), Refined Petroleum (SEK379M), Electrical Transformers (SEK283M), Telephones (SEK225M), and Computers (SEK225M).

Growth In July 2024, the decrease in Sweden's year-by-year exports to China was explained primarily by an decrease in product exports in Iron Ore (SEK-205M or -99.9%), Kaolin Coated Paper (SEK-61.7M or -28.3%), and Delivery Trucks (SEK-46.7M or -90%). In July 2024, the increase in Sweden's year-by-year imports  from China was explained primarily by an increase in product imports  in Oxometallic or Peroxometallic Acid Salts (SEK428M or 1.86k%), Electrical Transformers (SEK98.1M or 53%), and Carbon-based Electronics (SEK74.1M or 190%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK-395M(-6.96%)
IMPORT GROWTH (July 2023 - July 2024)SEK1.28B(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 China and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore China and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $7.48B to China. The main products exported from Sweden to China were Cars ($944M), Packaged Medicaments ($661M), and Vaccines, blood, antisera, toxins and cultures ($484M). During the last 5 years the exports of Sweden to China have increased at an annualized rate of 1.31%, from $7B in 2017 to $7.48B in 2022.

In 2017, China exported $13.6B to Sweden. The main products exported from China to Sweden were Broadcasting Equipment ($500M), Light Fixtures ($388M), and Computers ($349M). During the last 5 years the exports of China to Sweden have increased at an annualized rate of 10.6%, from $8.2B in 2022 to $13.6B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
China
Top DestinationUnited States$551B

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

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

In 2022, countries that imported more from China than Sweden included United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Sweden - China

Flow
Scale

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

During 2022, Sweden had a large net trade with China in the exports of Machines ($1.86B), Chemical Products ($1.46B), and Transportation ($1.22B).

During 2017, China had a large net trade with Sweden in the exports of Machines ($5.79B), Textiles ($1.67B), and Miscellaneous ($1.62B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden China+$487MCars
Top Product Potential China Sweden+$567MTelephones

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

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

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