2022
Flag  
GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
GDP PC 
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Sweden-Germany Trade: In 2022, Sweden exported $19.2B to Germany. The main products that Sweden exported to Germany were Cars ($997M), Packaged Medicaments ($963M), and Vaccines, blood, antisera, toxins and cultures ($793M). Over the past 5 years the exports of Sweden to Germany have increased at an annualized rate of 3.75%, from $16B in 2017 to $19.2B in 2022.

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 2022, Germany exported $30B to Sweden. The main products that Germany exported to Sweden were Cars ($3.24B), Motor vehicles; parts and accessories (8701 to 8705) ($1.38B), and Computers ($797M). Over the past 5 years the exports of Germany to Sweden have increased at an annualized rate of 0.6%,  from $29.1B in 2017 to $30B in 2022.

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 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $19.2B to Germany. The main products exported from Sweden to Germany were Cars ($997M), Packaged Medicaments ($963M), and Vaccines, blood, antisera, toxins and cultures ($793M). During the last 5 years the exports of Sweden to Germany have increased at an annualized rate of 3.75%, from $16B in 2017 to $19.2B in 2022.

In 2017, Germany exported $30B to Sweden. The main products exported from Germany to Sweden were Cars ($3.24B), Motor vehicles; parts and accessories (8701 to 8705) ($1.38B), and Computers ($797M). During the last 5 years the exports of Germany to Sweden have increased at an annualized rate of 0.6%, from $29.1B in 2022 to $30B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top Destination
Germany$19.2B
Germany
Top Destination
United States$153B

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 2022, countries that imported more from Sweden than Germany included Norway ($18.7B), Finland ($13.4B), and Greenland ($230M).

In 2022, countries that imported more from Germany than Sweden included United States ($153B), France ($120B), and China ($109B).

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

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 2022, Sweden had a large net trade with Germany in the exports of Metals ($3.37B), Machines ($3.19B), and Chemical Products ($3.08B).

During 2017, Germany had a large net trade with Sweden in the exports of Machines ($8.63B), Transportation ($5.92B), and Chemical Products ($3.95B).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with