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2023
Flag → Flag
Exports $18.4BRnk 1 / 216
2023
Flag → Flag
Top Product $1.32BCars
2023
Flag → Flag
Exports $29.6BRnk 14 / 220
2023
Flag → Flag
Top Product $3.73BCars
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
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GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
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 GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
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GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
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GDP PC$54,343CURRENT US$
Rnk 21 / 196
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195

About

Sweden-Germany Trade: In 2023, Sweden exported $18.4B to Germany. The main products that Sweden exported to Germany were Cars ($1.32B), Packaged Medicaments ($1.07B), and Vaccines, blood, antisera, toxins and cultures ($955M). Over the past 5 years the exports of Sweden to Germany have increased at an annualized rate of 1.32%, from $17.2B in 2018 to $18.4B in 2023.

In 2020, Sweden exported services to Germany worth $4.58B, with Other business services ($1.51B), Transportation ($795M), and Computer and information services ($727M) being the largest in terms of value.

Germany-Sweden Trade: In 2023, Germany exported $29.6B to Sweden. The main products that Germany exported to Sweden were Cars ($3.73B), Motor vehicles; parts and accessories (8701 to 8705) ($1.63B), and Delivery Trucks ($786M). Over the past 5 years the exports of Germany to Sweden have increased at an annualized rate of 0.71%,  from $28.6B in 2018 to $29.6B in 2023.

In 2020, Germany exported services to Sweden worth $3.27B, with Other business services ($1.29B), Transportation ($850M), and Royalties and license fees ($487M) being the largest in terms of value.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK17.7B and imported SEK26.4B from Germany, resulting in a negative trade balance of SEK8.72B. Between October 2023 and October 2024 the exports of Sweden have increased by SEK1.21B (7.31%) from SEK16.5B to SEK17.7B, while imports decreased by SEK-1.76B (-6.23%) from SEK28.2B to SEK26.4B.

Trade In October 2024, the top exports of Sweden to Germany were Packaged Medicaments (SEK1.05B), Cars (SEK1.02B), Vaccines, blood, antisera, toxins and cultures (SEK948M), Refined Copper (SEK824M), and Reaction and Catalytic Products (SEK764M). In October 2024 the top imports of Sweden from Germany were Cars (SEK3.4B), Motor vehicles; parts and accessories (8701... (SEK1.43B), Vaccines, blood, antisera, toxins and cultures (SEK561M), Packaged Medicaments (SEK503M), and Computers (SEK484M).

Growth In October 2024, the increase in Sweden's year-by-year exports to Germany was explained primarily by an increase in product exports in Refined Copper (SEK482M or 141%), Packaged Medicaments (SEK450M or 74.6%), and Vaccines, blood, antisera, toxins and cultures (SEK324M or 51.9%). In October 2024, the decrease in Sweden's year-by-year imports  from Germany was explained primarily by an decrease in product imports  in Self-Propelled Rail Transport (SEK-215M or -78.1%), Petroleum Gas (SEK-129M or -99.8%), and Refined Petroleum (SEK-125M or -49.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK1.21B(7.31%)
IMPORT GROWTH (October 2023 - October 2024)SEK-1.76B(-6.23%)

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 Germany and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Germany and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $18.4B to Germany. The main products exported from Sweden to Germany were Cars ($1.32B), Packaged Medicaments ($1.07B), and Vaccines, blood, antisera, toxins and cultures ($955M). During the last 5 years the exports of Sweden to Germany have increased at an annualized rate of 1.32%, from $17.2B in 2018 to $18.4B in 2023.

In 2018, Germany exported $29.6B to Sweden. The main products exported from Germany to Sweden were Cars ($3.73B), Motor vehicles; parts and accessories (8701 to 8705) ($1.63B), and Delivery Trucks ($786M). During the last 5 years the exports of Germany to Sweden have increased at an annualized rate of 0.71%, from $28.6B in 2023 to $29.6B in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Germany
Top DestinationUnited States$157B

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

In 2023, countries that imported more from Sweden than Germany included Greenland ($211M), Norway ($10.9B), and Gibraltar ($29.7M).

In 2023, countries that imported more from Germany than Sweden included United States ($157B), France ($118B), and Netherlands ($108B).

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

Comparative Advantage Sweden - Germany

Flow
Scale

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

During 2023, Sweden had a large net trade with Germany in the exports of Machines ($3.44B), Metals ($3.03B), and Chemical Products ($2.74B).

During 2018, Germany had a large net trade with Sweden in the exports of Machines ($9.05B), Transportation ($6.91B), and Chemical Products ($3.29B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Germany+$480MCars
Top Product Potential Germany Sweden+$170MPackaged Medicaments

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 Germany worth $4.58B, with Other business services ($1.51B), Transportation ($795M), and Computer and information services ($727M) being the largest in terms of value.

In 2020, Germany exported services to Sweden worth $3.27B, with Other business services ($1.29B), Transportation ($850M), and Royalties and license fees ($487M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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