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2022
Flag → Flag
Exports $72.9MRnk 79 / 217
2022
Flag → Flag
Top Product $23.8MGas Turbines
2022
Flag → Flag
Exports $48.3MRnk 24 / 194
2022
Flag → Flag
Top Product $32.2MCheese
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag  
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$28.4BCURRENT US$
Rnk 105 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 138 / 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$31,284CURRENT US$
Rnk 36 / 186
2012-2022
Flag
GDP PC GROWTH7.9%CURRENT US$
Rnk 123 / 186

About

Sweden-Cyprus Trade: In 2022, Sweden exported $72.9M to Cyprus. The main products that Sweden exported to Cyprus were Gas Turbines ($23.8M), Sawn Wood ($5.81M), and Cars ($4.16M). Over the past 5 years the exports of Sweden to Cyprus have increased at an annualized rate of 9.32%, from $46.7M in 2017 to $72.9M in 2022.

In 2020, Sweden exported services to Cyprus worth $75.7M, with Transportation ($22.6M), Computer and information services ($20.9M), and Other business services ($17.9M) being the largest in terms of value.

Cyprus-Sweden Trade: In 2022, Cyprus exported $48.3M to Sweden. The main products that Cyprus exported to Sweden were Cheese ($32.2M), Fruit Juice ($3.66M), and Leather of Other Animals ($1.94M). Over the past 5 years the exports of Cyprus to Sweden have decreased at an annualized rate of 2.62%,  from $55.1M in 2017 to $48.3M in 2022.

In 2020, Cyprus exported services to Sweden worth $20.6M, with Transportation ($6.85M), Other business services ($6.85M), and Financial services ($5.71M) 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, Cyprus ranked 125 in total exports ($4.91B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK33.5M and imported SEK50.5M from Cyprus, resulting in a negative trade balance of SEK17M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-72.6M (-68.4%) from SEK106M to SEK33.5M, while imports increased by SEK2.86M (6%) from SEK47.7M to SEK50.5M.

Trade In August 2024, the top exports of Sweden to Cyprus were Cars (SEK3.33M), Non-fillet Fresh Fish (SEK2.15M), Computers (SEK2.01M), Fish Fillets (SEK1.19M), and Sanitary towels (pads) (SEK1.16M). In August 2024 the top imports of Sweden from Cyprus were Cheese (SEK19.7M), Beauty Products (SEK2.02M), Hair Products (SEK1.46M), Fruit Juice (SEK1.22M), and Salt (SEK911k).

Growth In August 2024, the decrease in Sweden's year-by-year exports to Cyprus was explained primarily by an decrease in product exports in Vaccines, blood, antisera, toxins and cultures (SEK-5.11M or -100%), Sawn Wood (SEK-770k or -43.1%), and Plastic Pipes (SEK-641k or -98.3%). In August 2024, the increase in Sweden's year-by-year imports  from Cyprus was explained primarily by an increase in product imports  in Beauty Products (SEK1.81M or 884%), Dairy Machinery (SEK85k or 944%), and Non-Knit Women's Suits (SEK5k or 500%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-72.6M(-68.4%)
IMPORT GROWTH (August 2023 - August 2024)SEK2.86M(6%)

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 Cyprus and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Cyprus and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $72.9M to Cyprus. The main products exported from Sweden to Cyprus were Gas Turbines ($23.8M), Sawn Wood ($5.81M), and Cars ($4.16M). During the last 5 years the exports of Sweden to Cyprus have increased at an annualized rate of 9.32%, from $46.7M in 2017 to $72.9M in 2022.

In 2017, Cyprus exported $48.3M to Sweden. The main products exported from Cyprus to Sweden were Cheese ($32.2M), Fruit Juice ($3.66M), and Leather of Other Animals ($1.94M). During the last 5 years the exports of Cyprus to Sweden have decreased at an annualized rate of 2.62%, from $55.1M in 2022 to $48.3M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Sweden than Cyprus included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from Cyprus than Sweden included Lebanon ($329M), Liberia ($255M), and Hong Kong ($482M).

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

Comparative Advantage Sweden - Cyprus

Flow
Scale

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

During 2022, Sweden had a large net trade with Cyprus in the exports of Machines ($30.3M), Transportation ($7.86M), and Wood Products ($7.11M).

During 2017, Cyprus had a large net trade with Sweden in the exports of Animal Products ($34.1M), Foodstuffs ($4.5M), and Chemical Products ($2.2M).

Bilateral Service Trade

In 2020, Sweden exported services to Cyprus worth $75.7M, with Transportation ($22.6M), Computer and information services ($20.9M), and Other business services ($17.9M) being the largest in terms of value.

In 2020, Cyprus exported services to Sweden worth $20.6M, with Transportation ($6.85M), Other business services ($6.85M), and Financial services ($5.71M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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