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2022
Flag → Flag
Exports $516MRnk 43 / 217
2022
Flag → Flag
Top Product $129MDelivery Trucks
2022
Flag → Flag
Exports $304MRnk 55 / 216
2022
Flag → Flag
Top Product $58.4MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
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$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
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GDP GROWTH43.7%CURRENT US$
Rnk 79 / 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
Flag
GDP PC$4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Sweden-Indonesia Trade: In 2022, Sweden exported $516M to Indonesia. The main products that Sweden exported to Indonesia were Delivery Trucks ($129M), Dissolving Grades Chemical Woodpulp ($24.7M), and Excavation Machinery ($24.6M). Over the past 5 years the exports of Sweden to Indonesia have decreased at an annualized rate of 0.089%, from $518M in 2017 to $516M in 2022.

In 2020, Sweden exported services to Indonesia worth $164M, with Computer and information services ($62.7M), Royalties and license fees ($26.6M), and Financial services ($23.4M) being the largest in terms of value.

Indonesia-Sweden Trade: In 2022, Indonesia exported $304M to Sweden. The main products that Indonesia exported to Sweden were Palm Oil ($58.4M), Leather Footwear ($17.9M), and Knit Women's Suits ($11.6M). Over the past 5 years the exports of Indonesia to Sweden have increased at an annualized rate of 9.31%,  from $195M in 2017 to $304M in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Latest Trends

May, 2024

About

Overview In May 2024, Sweden exported SEK370M and imported SEK128M from Indonesia, resulting in a positive trade balance of SEK242M. Between May 2023 and May 2024 the exports of Sweden have increased by SEK4.13M (1.13%) from SEK366M to SEK370M, while imports decreased by SEK-162M (-55.8%) from SEK290M to SEK128M.

Trade In May 2024, the top exports of Sweden to Indonesia were Delivery Trucks (SEK57.9M), Gas Turbines (SEK29.9M), Packaged Medicaments (SEK22.4M), Kraft Paper (SEK20.7M), and Excavation Machinery (SEK20.6M). In May 2024 the top imports of Sweden from Indonesia were Palm Oil (SEK174M), Leather Footwear (SEK10.5M), Knit Women's Suits (SEK9.48M), Saturated Acyclic Monocarboxylic Acids (SEK9.3M), and Bicycles, delivery tricycles, other cycles (SEK9.07M).

Growth In May 2024, the increase in Sweden's year-by-year exports to Indonesia was explained primarily by an increase in product exports in Delivery Trucks (SEK48.7M or 529%), Excavation Machinery (SEK12.7M or 160%), and Other Heating Machinery (SEK10.5M or 941%). In May 2024, the decrease in Sweden's year-by-year imports  from Indonesia was explained primarily by an decrease in product imports  in Seats (SEK-15.4M or -73.5%), Wood Carpentry (SEK-3.89M or -73.6%), and Coconut Oil (SEK-3.87M or -47.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (May 2023 - May 2024)SEK4.13M(1.13%)
IMPORT GROWTH (May 2023 - May 2024)SEK-162M(-55.8%)

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 Indonesia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Indonesia and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $516M to Indonesia. The main products exported from Sweden to Indonesia were Delivery Trucks ($129M), Dissolving Grades Chemical Woodpulp ($24.7M), and Excavation Machinery ($24.6M). During the last 5 years the exports of Sweden to Indonesia have decreased at an annualized rate of 0.089%, from $518M in 2017 to $516M in 2022.

In 2017, Indonesia exported $304M to Sweden. The main products exported from Indonesia to Sweden were Palm Oil ($58.4M), Leather Footwear ($17.9M), and Knit Women's Suits ($11.6M). During the last 5 years the exports of Indonesia to Sweden have increased at an annualized rate of 9.31%, from $195M in 2022 to $304M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Indonesia
Top DestinationChina$67.7B

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

In 2022, countries that imported more from Sweden than Indonesia included Norway ($18.7B), Germany ($19.2B), and Denmark ($14.6B).

In 2022, countries that imported more from Indonesia than Sweden included China ($67.7B), Japan ($26.6B), and India ($25.3B).

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

Comparative Advantage Sweden - Indonesia

Flow
Scale

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

During 2022, Sweden had a large net trade with Indonesia in the exports of Machines ($160M), Transportation ($152M), and Paper Goods ($82.7M).

During 2017, Indonesia had a large net trade with Sweden in the exports of Textiles ($87.1M), Animal and Vegetable Bi-Products ($67.2M), and Footwear and Headwear ($27.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Indonesia+$21.9MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Indonesia Sweden+$10.2MLeather Footwear

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

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

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