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2022
Flag → Flag
Exports $10.6BRnk 6 / 217
2022
Flag → Flag
Top Product $1.71BRefined Petroleum
2022
Flag → Flag
Exports $7.21BRnk 16 / 224
2022
Flag → Flag
Top Product $1.94BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 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$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Sweden-United Kingdom Trade: In 2022, Sweden exported $10.6B to United Kingdom. The main products that Sweden exported to United Kingdom were Refined Petroleum ($1.71B), Sawn Wood ($915M), and Gold ($840M). Over the past 5 years the exports of Sweden to United Kingdom have increased at an annualized rate of 2.71%, from $9.3B in 2017 to $10.6B in 2022.

In 2020, Sweden exported services to United Kingdom worth $6.41B, with Other business services ($2.26B), Royalties and license fees ($1.58B), and Computer and information services ($1.13B) being the largest in terms of value.

United Kingdom-Sweden Trade: In 2022, United Kingdom exported $7.21B to Sweden. The main products that United Kingdom exported to Sweden were Crude Petroleum ($1.94B), Stainless Steel Ingots ($513M), and Cars ($434M). Over the past 5 years the exports of United Kingdom to Sweden have increased at an annualized rate of 0.26%,  from $7.04B in 2017 to $7.21B in 2022.

In 2019, United Kingdom exported services to Sweden worth $5.21B, with Other business services ($2.51B), Travel ($1.05B), and Financial services ($830M) 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK7.5B and imported SEK4.1B from United Kingdom, resulting in a positive trade balance of SEK3.39B. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-2.4B (-24.2%) from SEK9.9B to SEK7.5B, while imports decreased by SEK-1.88B (-31.4%) from SEK5.98B to SEK4.1B.

Trade In August 2024, the top exports of Sweden to United Kingdom were Refined Petroleum (SEK2.41B), Gold (SEK695M), Sawn Wood (SEK597M), Cars (SEK401M), and Packaged Medicaments (SEK379M). In August 2024 the top imports of Sweden from United Kingdom were Crude Petroleum (SEK413M), Cars (SEK302M), Stainless Steel Ingots (SEK288M), Radioactive Chemicals (SEK253M), and Motor vehicles; parts and accessories (8701... (SEK252M).

Growth In August 2024, the decrease in Sweden's year-by-year exports to United Kingdom was explained primarily by an decrease in product exports in Iron Ore (SEK-86.6M or -42.2%), Coal Tar Oil (SEK-58.3M or -22.9%), and Alcohol > 80% ABV (SEK-56.5M or -99.3%). In August 2024, the decrease in Sweden's year-by-year imports  from United Kingdom was explained primarily by an decrease in product imports  in Crude Petroleum (SEK-1.37B or -76.8%), Coal Tar Oil (SEK-162M or -99.6%), and Navigation Equipment (SEK-147M or -77.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-2.4B(-24.2%)
IMPORT GROWTH (August 2023 - August 2024)SEK-1.88B(-31.4%)

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 United Kingdom and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $10.6B to United Kingdom. The main products exported from Sweden to United Kingdom were Refined Petroleum ($1.71B), Sawn Wood ($915M), and Gold ($840M). During the last 5 years the exports of Sweden to United Kingdom have increased at an annualized rate of 2.71%, from $9.3B in 2017 to $10.6B in 2022.

In 2017, United Kingdom exported $7.21B to Sweden. The main products exported from United Kingdom to Sweden were Crude Petroleum ($1.94B), Stainless Steel Ingots ($513M), and Cars ($434M). During the last 5 years the exports of United Kingdom to Sweden have increased at an annualized rate of 0.26%, from $7.04B in 2022 to $7.21B in 2017.

Exports from Sweden (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
United Kingdom
Top DestinationUnited States$61.8B

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

In 2022, countries that imported more from Sweden than United Kingdom included Norway ($18.7B), Finland ($13.4B), and Denmark ($14.6B).

In 2022, countries that imported more from United Kingdom than Sweden included United States ($61.8B), Netherlands ($41.9B), and Ireland ($32.6B).

Difference in imports from United Kingdom (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - United Kingdom

Flow
Scale

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

During 2022, Sweden had a large net trade with United Kingdom in the exports of Mineral Products ($2.19B), Machines ($1.85B), and Paper Goods ($1.06B).

During 2017, United Kingdom had a large net trade with Sweden in the exports of Mineral Products ($2.2B), Machines ($1.24B), and Metals ($1.07B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden United Kingdom+$279MCars
Top Product Potential United Kingdom Sweden+$173MCars

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 United Kingdom worth $6.41B, with Other business services ($2.26B), Royalties and license fees ($1.58B), and Computer and information services ($1.13B) being the largest in terms of value.

In 2019, United Kingdom exported services to Sweden worth $5.21B, with Other business services ($2.51B), Travel ($1.05B), and Financial services ($830M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Sweden (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Sweden (Flag) and United Kingdom (Flag) (2022)

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