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2022
Flag → Flag
Exports $1.67BRnk 23 / 217
2022
Flag → Flag
Top Product $131MDissolving Grades Chemical Woodpulp
2022
Flag → Flag
Exports $1.18BRnk 57 / 217
2022
Flag → Flag
Top Product $77MOther Engines
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 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$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Sweden-India Trade: In 2022, Sweden exported $1.67B to India. The main products that Sweden exported to India were Dissolving Grades Chemical Woodpulp ($131M), Delivery Trucks ($76.5M), and Scrap Iron ($75.1M). Over the past 5 years the exports of Sweden to India have increased at an annualized rate of 5.32%, from $1.29B in 2017 to $1.67B in 2022.

In 2020, Sweden exported services to India worth $424M, with Computer and information services ($266M), Other business services ($48.7M), and Insurance services ($34.8M) being the largest in terms of value.

India-Sweden Trade: In 2022, India exported $1.18B to Sweden. The main products that India exported to Sweden were Other Engines ($77M), Motor vehicles; parts and accessories (8701 to 8705) ($64.3M), and Refined Petroleum ($44.1M). Over the past 5 years the exports of India to Sweden have increased at an annualized rate of 7.52%,  from $825M in 2017 to $1.18B in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Latest Trends

May, 2024

About

Overview In May 2024, Sweden exported SEK1.41B and imported SEK1.04B from India, resulting in a positive trade balance of SEK367M. Between May 2023 and May 2024 the exports of Sweden have decreased by SEK-304M (-17.8%) from SEK1.71B to SEK1.41B, while imports increased by SEK131M (14.4%) from SEK907M to SEK1.04B.

Trade In May 2024, the top exports of Sweden to India were Dissolving Grades Chemical Woodpulp (SEK105M), Kaolin Coated Paper (SEK94.6M), Scrap Iron (SEK59.6M), Semi chemical Woodpulp (SEK53.3M), and Delivery Trucks (SEK49.2M). In May 2024 the top imports of Sweden from India were Motor vehicles; parts and accessories (8701... (SEK71.4M), Transmissions (SEK39.2M), Non-Knit Women's Suits (SEK30.4M), Rubber Tires (SEK23.4M), and House Linens (SEK21.3M).

Growth In May 2024, the decrease in Sweden's year-by-year exports to India was explained primarily by an decrease in product exports in Industrial Food Preperation Machinery (SEK-51.3M or -99.9%), Saturated Acyclic Monocarboxylic Acids (SEK-12.2M or -77%), and Other Construction Vehicles (SEK-11.5M or -87.2%). In May 2024, the increase in Sweden's year-by-year imports  from India was explained primarily by an increase in product imports  in Transmissions (SEK16.5M or 72.9%), Optical Fibers and optical fibre bundles (SEK15.1M or 667%), and Chemical Analysis Instruments (SEK11.2M or 393%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (May 2023 - May 2024)SEK-304M(-17.8%)
IMPORT GROWTH (May 2023 - May 2024)SEK131M(14.4%)

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 India and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore India and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1.67B to India. The main products exported from Sweden to India were Dissolving Grades Chemical Woodpulp ($131M), Delivery Trucks ($76.5M), and Scrap Iron ($75.1M). During the last 5 years the exports of Sweden to India have increased at an annualized rate of 5.32%, from $1.29B in 2017 to $1.67B in 2022.

In 2017, India exported $1.18B to Sweden. The main products exported from India to Sweden were Other Engines ($77M), Motor vehicles; parts and accessories (8701 to 8705) ($64.3M), and Refined Petroleum ($44.1M). During the last 5 years the exports of India to Sweden have increased at an annualized rate of 7.52%, from $825M in 2022 to $1.18B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from Sweden than India included Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

In 2022, countries that imported more from India than Sweden included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

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

Comparative Advantage Sweden - India

Flow
Scale

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

During 2022, Sweden had a large net trade with India in the exports of Machines ($400M), Metals ($382M), and Paper Goods ($329M).

During 2017, India had a large net trade with Sweden in the exports of Textiles ($290M), Machines ($284M), and Metals ($128M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden India+$65.6MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential India Sweden+$144MRefined 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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Economic Complexity

Competitive Landscape

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

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

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