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2022
Flag → Flag
Exports $75.8MRnk 78 / 217
2022
Flag → Flag
Top Product $22MPackaged Medicaments
2022
Flag → Flag
Exports $348kRnk 54 / 101
2022
Flag → Flag
Top Product $57kRice
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH21.2%CURRENT US$
Rnk 118 / 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$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH-7.77%CURRENT US$
Rnk 158 / 186

About

Sweden-Iraq Trade: In 2022, Sweden exported $75.8M to Iraq. The main products that Sweden exported to Iraq were Packaged Medicaments ($22M), Antiknock ($16.8M), and Gas Turbines ($4.71M). Over the past 5 years the exports of Sweden to Iraq have decreased at an annualized rate of 12.6%, from $149M in 2017 to $75.8M in 2022.

In 2022, Sweden did not export any services to Iraq.

Iraq-Sweden Trade: In 2022, Iraq exported $348k to Sweden. The main products that Iraq exported to Sweden were Rice ($57k), Other Processed Fruits and Nuts ($53.3k), and Valves ($25.9k). Over the past 5 years the exports of Iraq to Sweden have decreased at an annualized rate of 72.3%,  from $213M in 2017 to $348k in 2022.

In 2022, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK42.6M and imported SEK71k from Iraq, resulting in a positive trade balance of SEK42.5M. Between July 2023 and July 2024 the exports of Sweden have decreased by SEK-61.3M (-59%) from SEK104M to SEK42.6M, while imports increased by SEK49k (223%) from SEK22k to SEK71k.

Trade In July 2024, the top exports of Sweden to Iraq were Packaged Medicaments (SEK40.4M), Antiknock (SEK7.82M), Electric Batteries (SEK7.77M), Liquid Pumps (SEK6.43M), and Sulfate Chemical Woodpulp (SEK2.08M). In July 2024 the top imports of Sweden from Iraq were Processed Tomatoes (SEK160k), Tissue (SEK66k), Rice (SEK34k), Other Oily Seeds (SEK21k), and Jewellery (SEK5k).

Growth In July 2024, the decrease in Sweden's year-by-year exports to Iraq was explained primarily by an decrease in product exports in Antiknock (SEK-6.74M or -46.3%), Computers (SEK-3.33M or -99.7%), and Medical Instruments (SEK-2.05M or -96.2%). In July 2024, the increase in Sweden's year-by-year imports  from Iraq was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK-61.3M(-59%)
IMPORT GROWTH (July 2023 - July 2024)SEK49k(223%)

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 Iraq and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $75.8M to Iraq. The main products exported from Sweden to Iraq were Packaged Medicaments ($22M), Antiknock ($16.8M), and Gas Turbines ($4.71M). During the last 5 years the exports of Sweden to Iraq have decreased at an annualized rate of 12.6%, from $149M in 2017 to $75.8M in 2022.

In 2017, Iraq exported $348k to Sweden. The main products exported from Iraq to Sweden were Rice ($57k), Other Processed Fruits and Nuts ($53.3k), and Valves ($25.9k). During the last 5 years the exports of Iraq to Sweden have decreased at an annualized rate of 72.3%, from $213M in 2022 to $348k in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Iraq
Top DestinationIndia$38.8B

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

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

In 2022, countries that imported more from Iraq than Sweden included India ($38.8B), China ($34B), and South Korea ($8.21B).

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

Comparative Advantage Sweden - Iraq

Flow
Scale

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

During 2022, Sweden had a large net trade with Iraq in the exports of Chemical Products ($41.5M), Machines ($17.8M), and Instruments ($6.95M).

During 2017, Iraq had a large net trade with Sweden in the exports of Vegetable Products ($128k), Foodstuffs ($81.7k), and Machines ($40.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Iraq+$14.2MPackaged Medicaments
Top Product Potential Iraq Sweden+$72kOther Processed Fruits and Nuts

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

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

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