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2023
Flag → Flag
Exports $435MRnk 48 / 216
2023
Flag → Flag
Top Product $113MPackaged Medicaments
2023
Flag → Flag
Exports $126MRnk 46 / 198
2023
Flag → Flag
Top Product $11.6MBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
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GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$50,532CURRENT US$
Rnk 25 / 196
2013-2023
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GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195

About

Sweden-Hong Kong Trade: In 2023, Sweden exported $435M to Hong Kong. The main products that Sweden exported to Hong Kong were Packaged Medicaments ($113M), Sulfate Chemical Woodpulp ($49.4M), and Kaolin Coated Paper ($34.9M). Over the past 5 years the exports of Sweden to Hong Kong have increased at an annualized rate of 4.97%, from $342M in 2018 to $435M in 2023.

In 2020, Sweden exported services to Hong Kong worth $304M, with Other business services ($98.3M), Royalties and license fees ($93.8M), and Personal, cultural, and recreational services ($40.7M) being the largest in terms of value.

Hong Kong-Sweden Trade: In 2023, Hong Kong exported $126M to Sweden. The main products that Hong Kong exported to Sweden were Broadcasting Equipment ($11.6M), Printed Circuit Boards ($8.84M), and Computers ($7.56M). Over the past 5 years the exports of Hong Kong to Sweden have decreased at an annualized rate of 18.4%,  from $349M in 2018 to $126M in 2023.

In 2023, Hong Kong did not export any services to Sweden.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK343M and imported SEK658M from Hong Kong, resulting in a negative trade balance of SEK316M. Between October 2023 and October 2024 the exports of Sweden have increased by SEK65.1M (23.5%) from SEK277M to SEK343M, while imports decreased by SEK-94.7M (-12.6%) from SEK753M to SEK658M.

Trade In October 2024, the top exports of Sweden to Hong Kong were Vaccines, blood, antisera, toxins and cultures (SEK160M), Sulfate Chemical Woodpulp (SEK53.2M), Kaolin Coated Paper (SEK44.9M), Combustion Engines (SEK12.3M), and Cars (SEK7.58M). In October 2024 the top imports of Sweden from Hong Kong were Audio Alarms (SEK79.6M), Integrated Circuits (SEK50.6M), Printed Circuit Boards (SEK45.5M), Computers (SEK36.7M), and Other Domestic Electric Housewares (SEK25.5M).

Growth In October 2024, the increase in Sweden's year-by-year exports to Hong Kong was explained primarily by an increase in product exports in Vaccines, blood, antisera, toxins and cultures (SEK157M or 5.56k%), Kaolin Coated Paper (SEK20.3M or 82.4%), and Combustion Engines (SEK10.5M or 578%). In October 2024, the decrease in Sweden's year-by-year imports  from Hong Kong was explained primarily by an decrease in product imports  in Integrated Circuits (SEK-86.7M or -63.2%), Computers (SEK-48.4M or -56.9%), and Audio Alarms (SEK-35M or -30.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK65.1M(23.5%)
IMPORT GROWTH (October 2023 - October 2024)SEK-94.7M(-12.6%)

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 Hong Kong and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Hong Kong and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $435M to Hong Kong. The main products exported from Sweden to Hong Kong were Packaged Medicaments ($113M), Sulfate Chemical Woodpulp ($49.4M), and Kaolin Coated Paper ($34.9M). During the last 5 years the exports of Sweden to Hong Kong have increased at an annualized rate of 4.97%, from $342M in 2018 to $435M in 2023.

In 2018, Hong Kong exported $126M to Sweden. The main products exported from Hong Kong to Sweden were Broadcasting Equipment ($11.6M), Printed Circuit Boards ($8.84M), and Computers ($7.56M). During the last 5 years the exports of Hong Kong to Sweden have decreased at an annualized rate of 18.4%, from $349M in 2023 to $126M in 2018.

Exports from Sweden (Flag) to Hong Kong (Flag) (2023)

Exports from Hong Kong (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Hong Kong
Top DestinationChina$25.3B

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

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

In 2023, countries that imported more from Hong Kong than Sweden included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong (Flag) and Sweden (Flag) (2023)

Comparative Advantage Sweden - Hong Kong

Flow
Scale

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

During 2023, Sweden had a large net trade with Hong Kong in the exports of Chemical Products ($140M), Paper Goods ($98.3M), and Machines ($82M).

During 2018, Hong Kong had a large net trade with Sweden in the exports of Machines ($75.3M), Instruments ($10.4M), and Miscellaneous ($9.98M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Hong Kong+$18.5MTelephones
Top Product Potential Hong Kong Sweden+$40.4MTelephones

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 Hong Kong. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Hong Kong. Similarly, a dot/product with the flag of Hong Kong indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and Hong Kong (Flag) (2023)

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