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2022
Flag → Flag
Exports $37.2MRnk 99 / 217
2022
Flag → Flag
Top Product $7.14MCars
2022
Flag → Flag
Exports $2.41MRnk 75 / 154
2022
Flag → Flag
Top Product $855kWine
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.036Rnk 64 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH49.2%CURRENT US$
Rnk 64 / 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$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH49.9%CURRENT US$
Rnk 36 / 186

About

Sweden-Georgia Trade: In 2022, Sweden exported $37.2M to Georgia. The main products that Sweden exported to Georgia were Cars ($7.14M), Broadcasting Equipment ($6.59M), and Large Construction Vehicles ($3.28M). Over the past 5 years the exports of Sweden to Georgia have increased at an annualized rate of 23.4%, from $13M in 2017 to $37.2M in 2022.

In 2022, Sweden did not export any services to Georgia.

Georgia-Sweden Trade: In 2022, Georgia exported $2.41M to Sweden. The main products that Georgia exported to Sweden were Wine ($855k), Packing Bags ($739k), and Medical Instruments ($233k). Over the past 5 years the exports of Georgia to Sweden have increased at an annualized rate of 41.7%,  from $423k in 2017 to $2.41M in 2022.

In 2022, Georgia did not export any services to Sweden.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK34.7M and imported SEK3.85M from Georgia, resulting in a positive trade balance of SEK30.9M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-34.4M (-49.7%) from SEK69.1M to SEK34.7M, while imports increased by SEK2.27M (144%) from SEK1.58M to SEK3.85M.

Trade In August 2024, the top exports of Sweden to Georgia were Telephones (SEK16.7M), Cars (SEK12.9M), Uncoated Paper (SEK2.69M), Palm Oil (SEK2.67M), and Fork-Lifts (SEK736k). In August 2024 the top imports of Sweden from Georgia were Other Isotopes (SEK3.65M), Medical Instruments (SEK1.67M), Packing Bags (SEK556k), Sports Equipment (SEK17k), and Other Measuring Instruments (SEK9k).

Growth In August 2024, the decrease in Sweden's year-by-year exports to Georgia was explained primarily by an decrease in product exports in Insulated Wire (SEK-2.44M or -95.8%), Other Measuring Instruments (SEK-659k or -98.2%), and Sports Equipment (SEK-216k or -96%). In August 2024, the increase in Sweden's year-by-year imports  from Georgia was explained primarily by an increase in product imports  in Packing Bags (SEK521k or 1.49k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-34.4M(-49.7%)
IMPORT GROWTH (August 2023 - August 2024)SEK2.27M(144%)

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 Georgia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Georgia and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $37.2M to Georgia. The main products exported from Sweden to Georgia were Cars ($7.14M), Broadcasting Equipment ($6.59M), and Large Construction Vehicles ($3.28M). During the last 5 years the exports of Sweden to Georgia have increased at an annualized rate of 23.4%, from $13M in 2017 to $37.2M in 2022.

In 2017, Georgia exported $2.41M to Sweden. The main products exported from Georgia to Sweden were Wine ($855k), Packing Bags ($739k), and Medical Instruments ($233k). During the last 5 years the exports of Georgia to Sweden have increased at an annualized rate of 41.7%, from $423k in 2022 to $2.41M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Georgia
Top DestinationChina$759M

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

In 2022, countries that imported more from Sweden than Georgia included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from Georgia than Sweden included Azerbaijan ($668M), Armenia ($571M), and Bulgaria ($502M).

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

Comparative Advantage Sweden - Georgia

Flow
Scale

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

During 2022, Sweden had a large net trade with Georgia in the exports of Machines ($15.4M), Transportation ($10.8M), and Paper Goods ($3.98M).

During 2017, Georgia had a large net trade with Sweden in the exports of Textiles ($880k), Foodstuffs ($870k), and Instruments ($238k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Georgia+$7.47MCars
Top Product Potential Georgia Sweden+$735kWine

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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Economic Complexity

Competitive Landscape

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

Product Space of Sweden (Flag) and Georgia (Flag) (2022)

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