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2023
Flag → Flag
Exports $8.05BRnk 9 / 216
2023
Flag → Flag
Top Product $1.17BPackaged Medicaments
2023
Flag → Flag
Exports $10.8BRnk 46 / 208
2023
Flag → Flag
Top Product $580MElectric Batteries
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 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$12,614CURRENT US$
Rnk 80 / 196
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

About

Sweden-China Trade: In 2023, Sweden exported $8.05B to China. The main products that Sweden exported to China were Packaged Medicaments ($1.17B), Cars ($965M), and Vaccines, blood, antisera, toxins and cultures ($347M). Over the past 5 years the exports of Sweden to China have decreased at an annualized rate of 0.21%, from $8.14B in 2018 to $8.05B in 2023.

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 2023, China exported $10.8B to Sweden. The main products that China exported to Sweden were Electric Batteries ($580M), Broadcasting Equipment ($431M), and Electrical Transformers ($393M). Over the past 5 years the exports of China to Sweden have increased at an annualized rate of 3.39%,  from $9.18B in 2018 to $10.8B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK6.07B and imported SEK9.4B from China, resulting in a negative trade balance of SEK3.33B. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-1.38B (-18.5%) from SEK7.45B to SEK6.07B, while imports increased by SEK1.61B (20.7%) from SEK7.79B to SEK9.4B.

Trade In October 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 October 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 October 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 October 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 (October 2023 - October 2024)SEK-1.38B(-18.5%)
IMPORT GROWTH (October 2023 - October 2024)SEK1.61B(20.7%)

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $8.05B to China. The main products exported from Sweden to China were Packaged Medicaments ($1.17B), Cars ($965M), and Vaccines, blood, antisera, toxins and cultures ($347M). During the last 5 years the exports of Sweden to China have decreased at an annualized rate of 0.21%, from $8.14B in 2018 to $8.05B in 2023.

In 2018, China exported $10.8B to Sweden. The main products exported from China to Sweden were Electric Batteries ($580M), Broadcasting Equipment ($431M), and Electrical Transformers ($393M). During the last 5 years the exports of China to Sweden have increased at an annualized rate of 3.39%, from $9.18B in 2023 to $10.8B in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
China
Top DestinationUnited States$436B

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 2023, countries that imported more from Sweden than China included Denmark ($14.4B), Finland ($9.41B), and Norway ($10.9B).

In 2023, countries that imported more from China than Sweden included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

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 2023, Sweden had a large net trade with China in the exports of Machines ($1.97B), Chemical Products ($1.8B), and Transportation ($1.22B).

During 2018, China had a large net trade with Sweden in the exports of Machines ($4.98B), Textiles ($1.18B), and Miscellaneous ($1.07B).

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) (2023)

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