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2023
Flag → Flag
Exports $9.41BRnk 7 / 216
2023
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Top Product $1.64BRefined Petroleum
2023
Flag → Flag
Exports $8.13BRnk 3 / 206
2023
Flag → Flag
Top Product $1.4BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag  
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$296BCURRENT US$
Rnk 47 / 195
2013-2023
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GDP GROWTH9.35%CURRENT US$
Rnk 158 / 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$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Sweden-Finland Trade: In 2023, Sweden exported $9.41B to Finland. The main products that Sweden exported to Finland were Refined Petroleum ($1.64B), Cars ($599M), and Electricity ($571M). Over the past 5 years the exports of Sweden to Finland have increased at an annualized rate of 3.19%, from $8.04B in 2018 to $9.41B in 2023.

In 2020, Sweden exported services to Finland worth $4.09B, with Other business services ($1.41B), Transportation ($983M), and Computer and information services ($493M) being the largest in terms of value.

Finland-Sweden Trade: In 2023, Finland exported $8.13B to Sweden. The main products that Finland exported to Sweden were Refined Petroleum ($1.4B), Electric Batteries ($325M), and Coated Flat-Rolled Iron ($191M). Over the past 5 years the exports of Finland to Sweden have increased at an annualized rate of 1.56%,  from $7.53B in 2018 to $8.13B in 2023.

In 2020, Finland exported services to Sweden worth $3.21B, with Other business services ($1.1B), Computer and information services ($914M), and Transportation ($512M) 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK10.4B and imported SEK8.85B from Finland, resulting in a positive trade balance of SEK1.56B. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-2.03B (-16.3%) from SEK12.4B to SEK10.4B, while imports increased by SEK639M (7.78%) from SEK8.21B to SEK8.85B.

Trade In October 2024, the top exports of Sweden to Finland were Refined Petroleum (SEK1.8B), Electricity (SEK744M), Cars (SEK563M), Iron Ore (SEK432M), and Computers (SEK272M). In October 2024 the top imports of Sweden from Finland were Refined Petroleum (SEK1.04B), Electric Batteries (SEK387M), Flat Flat-Rolled Steel (SEK151M), Sulfate Chemical Woodpulp (SEK113M), and Other Agricultural Machinery (SEK104M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Finland was explained primarily by an decrease in product exports in Nuclear Reactors (SEK-354M or -99.9%), Video Displays (SEK-26.5M or -20.8%), and Raw Aluminium (SEK-20.5M or -30.1%). In October 2024, the increase in Sweden's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Sulfate Chemical Woodpulp (SEK94.9M or 537%), Electrical Transformers (SEK68.1M or 320%), and Delivery Trucks (SEK53.1M or 111%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-2.03B(-16.3%)
IMPORT GROWTH (October 2023 - October 2024)SEK639M(7.78%)

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 Finland and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $9.41B to Finland. The main products exported from Sweden to Finland were Refined Petroleum ($1.64B), Cars ($599M), and Electricity ($571M). During the last 5 years the exports of Sweden to Finland have increased at an annualized rate of 3.19%, from $8.04B in 2018 to $9.41B in 2023.

In 2018, Finland exported $8.13B to Sweden. The main products exported from Finland to Sweden were Refined Petroleum ($1.4B), Electric Batteries ($325M), and Coated Flat-Rolled Iron ($191M). During the last 5 years the exports of Finland to Sweden have increased at an annualized rate of 1.56%, from $7.53B in 2023 to $8.13B in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Finland
Top DestinationUnited States$9.68B

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

In 2023, countries that imported more from Sweden than Finland included Denmark ($14.4B), Germany ($18.4B), and Norway ($10.9B).

In 2023, countries that imported more from Finland than Sweden included Estonia ($2.4B), Latvia ($1.1B), and Cambodia ($126M).

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

Comparative Advantage Sweden - Finland

Flow
Scale

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

During 2023, Sweden had a large net trade with Finland in the exports of Mineral Products ($2.88B), Machines ($1.57B), and Transportation ($1.15B).

During 2018, Finland had a large net trade with Sweden in the exports of Mineral Products ($1.72B), Machines ($1.52B), and Metals ($1.46B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Finland+$51.5MPackaged Medicaments
Top Product Potential Finland Sweden+$80.7MCars

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 Finland worth $4.09B, with Other business services ($1.41B), Transportation ($983M), and Computer and information services ($493M) being the largest in terms of value.

In 2020, Finland exported services to Sweden worth $3.21B, with Other business services ($1.1B), Computer and information services ($914M), and Transportation ($512M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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