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2023
Flag → Flag
Exports $670MRnk 42 / 216
2023
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Top Product $98.9MPackaged Medicaments
2023
Flag → Flag
Exports $255MRnk 41 / 214
2023
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Top Product $36MCheese
2023
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Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI 0.4Rnk 46 / 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$243BCURRENT US$
Rnk 54 / 195
2013-2023
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GDP GROWTH2.93%CURRENT US$
Rnk 166 / 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$23,401CURRENT US$
Rnk 53 / 196
2013-2023
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GDP PC GROWTH8.47%CURRENT US$
Rnk 139 / 195

About

Sweden-Greece Trade: In 2023, Sweden exported $670M to Greece. The main products that Sweden exported to Greece were Packaged Medicaments ($98.9M), Cars ($96.2M), and Vaccines, blood, antisera, toxins and cultures ($26.9M). Over the past 5 years the exports of Sweden to Greece have increased at an annualized rate of 4.77%, from $531M in 2018 to $670M in 2023.

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 2023, Greece exported $255M to Sweden. The main products that Greece exported to Sweden were Cheese ($36M), Binoculars and Telescopes ($34.5M), and Insulated Wire ($16.9M). Over the past 5 years the exports of Greece to Sweden have increased at an annualized rate of 1.24%,  from $237M in 2018 to $255M in 2023.

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 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK571M and imported SEK207M from Greece, resulting in a positive trade balance of SEK364M. Between October 2023 and October 2024 the exports of Sweden have increased by SEK18.4M (3.33%) from SEK553M to SEK571M, while imports decreased by SEK-32.5M (-13.6%) from SEK239M to SEK207M.

Trade In October 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 October 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 October 2024, the increase in Sweden's year-by-year exports to Greece was explained primarily by an increase in product exports in Packaged Medicaments (SEK76.2M or 247%), Other Construction Vehicles (SEK9.47M or 1.49k%), and Scrap Copper (SEK5.43M or 61.7%). In October 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 (October 2023 - October 2024)SEK18.4M(3.33%)
IMPORT GROWTH (October 2023 - October 2024)SEK-32.5M(-13.6%)

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 2023, Sweden exported $670M to Greece. The main products exported from Sweden to Greece were Packaged Medicaments ($98.9M), Cars ($96.2M), and Vaccines, blood, antisera, toxins and cultures ($26.9M). During the last 5 years the exports of Sweden to Greece have increased at an annualized rate of 4.77%, from $531M in 2018 to $670M in 2023.

In 2018, Greece exported $255M to Sweden. The main products exported from Greece to Sweden were Cheese ($36M), Binoculars and Telescopes ($34.5M), and Insulated Wire ($16.9M). During the last 5 years the exports of Greece to Sweden have increased at an annualized rate of 1.24%, from $237M in 2023 to $255M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Greece
Top DestinationItaly$6.21B

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

In 2023, countries that imported more from Greece than Sweden included Cyprus ($3.03B), Bulgaria ($2.38B), and Lebanon ($1.78B).

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

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 2023, Sweden had a large net trade with Greece in the exports of Chemical Products ($161M), Machines ($145M), and Transportation ($119M).

During 2018, Greece had a large net trade with Sweden in the exports of Foodstuffs ($44.8M), Instruments ($42.6M), and Animal Products ($42.3M).

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) (2023)

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