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2022
Flag → Flag
Exports $536MRnk 42 / 217
2022
Flag → Flag
Top Product $77.9MPackaged Medicaments
2022
Flag → Flag
Exports $381MRnk 34 / 208
2022
Flag → Flag
Top Product $93MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$219BCURRENT US$
Rnk 54 / 186
2012-2022
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GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
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GDP PC$20,732CURRENT US$
Rnk 50 / 186
2012-2022
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GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

Sweden-Greece Trade: In 2022, Sweden exported $536M to Greece. The main products that Sweden exported to Greece were Packaged Medicaments ($77.9M), Broadcasting Equipment ($37.8M), and Cars ($32.1M). Over the past 5 years the exports of Sweden to Greece have increased at an annualized rate of 2.88%, from $465M in 2017 to $536M in 2022.

In 2020, Sweden exported services to Greece worth $82.7M, with Computer and information services ($20.6M), Personal, cultural, and recreational services ($16M), and Insurance services ($10.6M) being the largest in terms of value.

Greece-Sweden Trade: In 2022, Greece exported $381M to Sweden. The main products that Greece exported to Sweden were Refined Petroleum ($93M), Utility Meters ($35.9M), and Cheese ($34.7M). Over the past 5 years the exports of Greece to Sweden have increased at an annualized rate of 2.06%,  from $233M in 2017 to $381M in 2022.

In 2020, Greece exported services to Sweden worth $151M, with Transportation ($48.8M), Travel ($31.6M), and Other business services ($27.6M) 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK331M and imported SEK162M from Greece, resulting in a positive trade balance of SEK169M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-50M (-13.1%) from SEK381M to SEK331M, while imports decreased by SEK-77.4M (-32.3%) from SEK239M to SEK162M.

Trade In August 2024, the top exports of Sweden to Greece were Packaged Medicaments (SEK107M), Telephones (SEK41M), Electrical Transformers (SEK22.3M), Cars (SEK21.7M), and Centrifuges (SEK17.9M). In August 2024 the top imports of Sweden from Greece were Cheese (SEK34.7M), Aluminium Oxide (SEK12.6M), Processed Tomatoes (SEK11.5M), Insulated Wire (SEK10.3M), and Other Processed Vegetables (SEK7.68M).

Growth In August 2024, the decrease in Sweden's year-by-year exports to Greece was explained primarily by an decrease in product exports in Vaccines, blood, antisera, toxins and cultures (SEK-20.4M or -99.9%), Centrifuges (SEK-13.8M or -43.6%), and Cars (SEK-9.29M or -29.9%). In August 2024, the decrease in Sweden's year-by-year imports  from Greece was explained primarily by an decrease in product imports  in Copper Pipes (SEK-7.97M or -81.6%), Utility Meters (SEK-2.82M or -33.3%), and Trailers and semi-trailers, not mechanically propelled... (SEK-2.3M or -99.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-50M(-13.1%)
IMPORT GROWTH (August 2023 - August 2024)SEK-77.4M(-32.3%)

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 Greece and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greece and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $536M to Greece. The main products exported from Sweden to Greece were Packaged Medicaments ($77.9M), Broadcasting Equipment ($37.8M), and Cars ($32.1M). During the last 5 years the exports of Sweden to Greece have increased at an annualized rate of 2.88%, from $465M in 2017 to $536M in 2022.

In 2017, Greece exported $381M to Sweden. The main products exported from Greece to Sweden were Refined Petroleum ($93M), Utility Meters ($35.9M), and Cheese ($34.7M). During the last 5 years the exports of Greece to Sweden have increased at an annualized rate of 2.06%, from $233M in 2022 to $381M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Greece
Top DestinationItaly$5.82B

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

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

In 2022, countries that imported more from Greece than Sweden included Bulgaria ($3.62B), Cyprus ($2.92B), and Libya ($1.95B).

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

Comparative Advantage Sweden - Greece

Flow
Scale

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

During 2022, Sweden had a large net trade with Greece in the exports of Machines ($178M), Chemical Products ($104M), and Paper Goods ($53.5M).

During 2017, Greece had a large net trade with Sweden in the exports of Mineral Products ($106M), Instruments ($66.4M), and Animal Products ($41.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Greece+$30.7MCars
Top Product Potential Greece Sweden+$47MRefined Petroleum

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 Greece worth $82.7M, with Computer and information services ($20.6M), Personal, cultural, and recreational services ($16M), and Insurance services ($10.6M) being the largest in terms of value.

In 2020, Greece exported services to Sweden worth $151M, with Transportation ($48.8M), Travel ($31.6M), and Other business services ($27.6M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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