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2023
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Exports $1.13BRnk 29 / 216
2023
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Top Product $128MCars
2023
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Exports $1.45BRnk 4 / 192
2023
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Top Product $161MBroadcasting Equipment
2023
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Economic Complexity (ECI) ECI 1.53Rnk 9 / 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$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
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GDP GROWTH62.2%CURRENT US$
Rnk 49 / 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$30,133CURRENT US$
Rnk 47 / 196
2013-2023
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GDP PC GROWTH56%CURRENT US$
Rnk 35 / 195

About

Sweden-Estonia Trade: In 2023, Sweden exported $1.13B to Estonia. The main products that Sweden exported to Estonia were Cars ($128M), Tractors ($55.9M), and Delivery Trucks ($50M). Over the past 5 years the exports of Sweden to Estonia have increased at an annualized rate of 1.18%, from $1.07B in 2018 to $1.13B in 2023.

In 2020, Sweden exported services to Estonia worth $204M, with Other business services ($95.6M), Travel ($28.6M), and Communications services ($20.9M) being the largest in terms of value.

Estonia-Sweden Trade: In 2023, Estonia exported $1.45B to Sweden. The main products that Estonia exported to Sweden were Broadcasting Equipment ($161M), Rough Wood ($74.6M), and Prefabricated Buildings ($71.8M). Over the past 5 years the exports of Estonia to Sweden have decreased at an annualized rate of 2.11%,  from $1.62B in 2018 to $1.45B in 2023.

In 2020, Estonia exported services to Sweden worth $532M, with Transportation ($156M), Other business services ($156M), and Construction services ($99.7M) 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, Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK1.54B and imported SEK1.11B from Estonia, resulting in a positive trade balance of SEK424M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-18.3M (-1.18%) from SEK1.55B to SEK1.54B, while imports increased by SEK7M (0.63%) from SEK1.11B to SEK1.11B.

Trade In October 2024, the top exports of Sweden to Estonia were Cars (SEK426M), Integrated Circuits (SEK44.8M), Insulated Wire (SEK42.3M), Packaged Medicaments (SEK31M), and Delivery Trucks (SEK30.5M). In October 2024 the top imports of Sweden from Estonia were Telephones (SEK131M), Fuel Wood (SEK106M), Prefabricated Buildings (SEK72.4M), Rough Wood (SEK56.5M), and Motor vehicles; parts and accessories (8701... (SEK45.3M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Estonia was explained primarily by an decrease in product exports in Delivery Trucks (SEK-8.99M or -22.7%), Buses (SEK-2.78M or -53.3%), and Dairy Machinery (SEK-2.57M or -97.6%). In October 2024, the increase in Sweden's year-by-year imports  from Estonia was explained primarily by an increase in product imports  in Telephones (SEK41.8M or 46.8%), Fuel Wood (SEK39M or 58.5%), and Prefabricated Buildings (SEK30.9M or 74.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-18.3M(-1.18%)
IMPORT GROWTH (October 2023 - October 2024)SEK7M(0.63%)

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 Estonia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Estonia and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $1.13B to Estonia. The main products exported from Sweden to Estonia were Cars ($128M), Tractors ($55.9M), and Delivery Trucks ($50M). During the last 5 years the exports of Sweden to Estonia have increased at an annualized rate of 1.18%, from $1.07B in 2018 to $1.13B in 2023.

In 2018, Estonia exported $1.45B to Sweden. The main products exported from Estonia to Sweden were Broadcasting Equipment ($161M), Rough Wood ($74.6M), and Prefabricated Buildings ($71.8M). During the last 5 years the exports of Estonia to Sweden have decreased at an annualized rate of 2.11%, from $1.62B in 2023 to $1.45B in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Estonia
Top DestinationFinland$2.71B

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

In 2023, countries that imported more from Sweden than Estonia included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

In 2023, countries that imported more from Estonia than Sweden included Latvia ($1.91B), Russia ($1.18B), and Belarus ($133M).

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

Comparative Advantage Sweden - Estonia

Flow
Scale

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

During 2023, Sweden had a large net trade with Estonia in the exports of Machines ($258M), Transportation ($253M), and Metals ($135M).

During 2018, Estonia had a large net trade with Sweden in the exports of Machines ($433M), Wood Products ($282M), and Miscellaneous ($182M).

Bilateral Service Trade

In 2020, Sweden exported services to Estonia worth $204M, with Other business services ($95.6M), Travel ($28.6M), and Communications services ($20.9M) being the largest in terms of value.

In 2020, Estonia exported services to Sweden worth $532M, with Transportation ($156M), Other business services ($156M), and Construction services ($99.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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