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2023
Flag → Flag
Exports $840MRnk 36 / 216
2023
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Top Product $88.1MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $2.07BRnk 16 / 211
2023
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Top Product $355MBroadcasting Equipment
2023
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Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI 1.31Rnk 17 / 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$551BCURRENT US$
Rnk 25 / 195
2013-2023
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GDP GROWTH127%CURRENT US$
Rnk 7 / 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$103,888CURRENT US$
Rnk 4 / 196
2013-2023
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GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195

About

Sweden-Ireland Trade: In 2023, Sweden exported $840M to Ireland. The main products that Sweden exported to Ireland were Vaccines, blood, antisera, toxins and cultures ($88.1M), Cars ($48M), and Refined Petroleum ($46.9M). Over the past 5 years the exports of Sweden to Ireland have decreased at an annualized rate of 0.58%, from $865M in 2018 to $840M in 2023.

In 2020, Sweden exported services to Ireland worth $1.73B, with Other business services ($719M), Computer and information services ($589M), and Personal, cultural, and recreational services ($117M) being the largest in terms of value.

Ireland-Sweden Trade: In 2023, Ireland exported $2.07B to Sweden. The main products that Ireland exported to Sweden were Broadcasting Equipment ($355M), Video and Card Games ($311M), and Computers ($185M). Over the past 5 years the exports of Ireland to Sweden have increased at an annualized rate of 6.27%,  from $1.53B in 2018 to $2.07B in 2023.

In 2020, Ireland exported services to Sweden worth $1.35B, with Other business services ($798M), Insurance services ($259M), and Financial services ($207M) 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK601M and imported SEK1.42B from Ireland, resulting in a negative trade balance of SEK823M. Between October 2023 and October 2024 the exports of Sweden have increased by SEK220M (57.6%) from SEK382M to SEK601M, while imports decreased by SEK-857M (-37.6%) from SEK2.28B to SEK1.42B.

Trade In October 2024, the top exports of Sweden to Ireland were Vaccines, blood, antisera, toxins and cultures (SEK346M), Cars (SEK83.9M), Non-fillet Fresh Fish (SEK43.9M), Paper Containers (SEK18M), and Hormones (SEK16.6M). In October 2024 the top imports of Sweden from Ireland were Computers (SEK614M), Video and Card Games (SEK382M), Telephones (SEK320M), Bovine Meat (SEK99M), and Scented Mixtures (SEK69.6M).

Growth In October 2024, the increase in Sweden's year-by-year exports to Ireland was explained primarily by an increase in product exports in Vaccines, blood, antisera, toxins and cultures (SEK341M or 6.84k%), Cars (SEK35.8M or 74.6%), and Non-fillet Fresh Fish (SEK15.5M or 54.7%). In October 2024, the decrease in Sweden's year-by-year imports  from Ireland was explained primarily by an decrease in product imports  in Electrical Transformers (SEK-49.4M or -74.1%), Iron Structures (SEK-46.2M or -97.5%), and Aluminium Oxide (SEK-37.1M or -44.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK220M(57.6%)
IMPORT GROWTH (October 2023 - October 2024)SEK-857M(-37.6%)

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 Ireland and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ireland and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $840M to Ireland. The main products exported from Sweden to Ireland were Vaccines, blood, antisera, toxins and cultures ($88.1M), Cars ($48M), and Refined Petroleum ($46.9M). During the last 5 years the exports of Sweden to Ireland have decreased at an annualized rate of 0.58%, from $865M in 2018 to $840M in 2023.

In 2018, Ireland exported $2.07B to Sweden. The main products exported from Ireland to Sweden were Broadcasting Equipment ($355M), Video and Card Games ($311M), and Computers ($185M). During the last 5 years the exports of Ireland to Sweden have increased at an annualized rate of 6.27%, from $1.53B in 2023 to $2.07B in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Sweden than Ireland included Denmark ($14.4B), Norway ($10.9B), and Finland ($9.41B).

In 2023, countries that imported more from Ireland than Sweden included United States ($67.4B), Belgium ($18.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Sweden - Ireland

Flow
Scale

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

During 2023, Sweden had a large net trade with Ireland in the exports of Chemical Products ($190M), Machines ($171M), and Transportation ($112M).

During 2018, Ireland had a large net trade with Sweden in the exports of Machines ($833M), Chemical Products ($503M), and Miscellaneous ($313M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Ireland+$46.6MRefined Petroleum
Top Product Potential Ireland Sweden+$62.1MPackaged Medicaments

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 Ireland worth $1.73B, with Other business services ($719M), Computer and information services ($589M), and Personal, cultural, and recreational services ($117M) being the largest in terms of value.

In 2020, Ireland exported services to Sweden worth $1.35B, with Other business services ($798M), Insurance services ($259M), and Financial services ($207M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Product Space of Sweden (Flag) and Ireland (Flag) (2023)

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