2023
Flag  
GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP
$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH
18.9%CURRENT US$
Rnk 143 / 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
$33,509CURRENT US$
Rnk 40 / 196
2013-2023
Flag
GDP PC GROWTH
14.7%CURRENT US$
Rnk 119 / 195

About

Sweden-Spain Trade: In 2023, Sweden exported $4.63B to Spain. The main products that Sweden exported to Spain were Cars ($662M), Packaged Medicaments ($374M), and Non-fillet Fresh Fish ($372M). Over the past 5 years the exports of Sweden to Spain have increased at an annualized rate of 6%, from $3.46B in 2018 to $4.63B in 2023.

In 2020, Sweden exported services to Spain worth $1.08B, with Personal, cultural, and recreational services ($290M), Other business services ($246M), and Computer and information services ($234M) being the largest in terms of value.

Spain-Sweden Trade: In 2023, Spain exported $3.58B to Sweden. The main products that Spain exported to Sweden were Cars ($309M), Motor vehicles; parts and accessories (8701 to 8705) ($159M), and Other Engines ($138M). Over the past 5 years the exports of Spain to Sweden have increased at an annualized rate of 8.55%,  from $2.38B in 2018 to $3.58B in 2023.

In 2009, Spain exported services to Sweden worth $3.09B, with Services not allocated ($1.72B), Travel ($1.13B), and Transportation ($241M) 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $4.63B to Spain. The main products exported from Sweden to Spain were Cars ($662M), Packaged Medicaments ($374M), and Non-fillet Fresh Fish ($372M). During the last 5 years the exports of Sweden to Spain have increased at an annualized rate of 6%, from $3.46B in 2018 to $4.63B in 2023.

In 2018, Spain exported $3.58B to Sweden. The main products exported from Spain to Sweden were Cars ($309M), Motor vehicles; parts and accessories (8701 to 8705) ($159M), and Other Engines ($138M). During the last 5 years the exports of Spain to Sweden have increased at an annualized rate of 8.55%, from $2.38B in 2023 to $3.58B in 2018.

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

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

Market Competitiveness

Color
Sweden
Top Destination
Germany$18.4B
Spain
Top Destination
France$61.9B

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

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

In 2023, countries that imported more from Spain than Sweden included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

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

Comparative Advantage Sweden - Spain

Flow
Scale

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

During 2023, Sweden had a large net trade with Spain in the exports of Transportation ($1.12B), Machines ($735M), and Animal Products ($565M).

During 2018, Spain had a large net trade with Sweden in the exports of Machines ($873M), Transportation ($632M), and Vegetable Products ($385M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Spain+$148MCars
Top Product Potential Spain Sweden+$163MCars

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

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and Spain. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Sweden.

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

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