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2022
Flag → Flag
Exports $469MRnk 45 / 217
2022
Flag → Flag
Top Product $24.1MCars
2022
Flag → Flag
Exports $50MRnk 18 / 160
2022
Flag → Flag
Top Product $9.98MRaw Aluminium
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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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$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
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GDP GROWTH88.7%CURRENT US$
Rnk 20 / 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
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GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Sweden-Iceland Trade: In 2022, Sweden exported $469M to Iceland. The main products that Sweden exported to Iceland were Cars ($24.1M), Packaged Medicaments ($19.2M), and Video Displays ($17.6M). Over the past 5 years the exports of Sweden to Iceland have increased at an annualized rate of 5.48%, from $359M in 2017 to $469M in 2022.

In 2020, Sweden exported services to Iceland worth $85.9M, with Personal, cultural, and recreational services ($21.2M), Other business services ($20.2M), and Transportation ($14.8M) being the largest in terms of value.

Iceland-Sweden Trade: In 2022, Iceland exported $50M to Sweden. The main products that Iceland exported to Sweden were Raw Aluminium ($9.98M), Fish Fillets ($8.93M), and Dried/Salted/Smoked/Brined Fish ($6.22M). Over the past 5 years the exports of Iceland to Sweden have increased at an annualized rate of 4.72%,  from $34.6M in 2017 to $50M in 2022.

In 2019, Iceland exported services to Sweden worth $122M, with Transportation ($48.5M), Travel ($45.6M), and Computer and information services ($12.1M) being the largest in terms of value.

Comparison In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49),  and 33 in total exports ($194B). That same year, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK415M and imported SEK37.3M from Iceland, resulting in a positive trade balance of SEK378M. Between August 2023 and August 2024 the exports of Sweden have increased by SEK52.2M (14.4%) from SEK363M to SEK415M, while imports decreased by SEK-1.09M (-2.84%) from SEK38.4M to SEK37.3M.

Trade In August 2024, the top exports of Sweden to Iceland were Cars (SEK40.8M), Petroleum Coke (SEK31.7M), Video Displays (SEK13.8M), Delivery Trucks (SEK12.8M), and Packaged Medicaments (SEK12.8M). In August 2024 the top imports of Sweden from Iceland were Fish Fillets (SEK7.25M), Fish Oil (SEK3.33M), Non-fillet Frozen Fish (SEK3.33M), Non-fillet Fresh Fish (SEK3.05M), and Scrap Plastic (SEK1.02M).

Growth In August 2024, the increase in Sweden's year-by-year exports to Iceland was explained primarily by an increase in product exports in Cars (SEK22.7M or 125%), Delivery Trucks (SEK11.9M or 1.28k%), and Refrigerators (SEK4.62M or 137%). In August 2024, the decrease in Sweden's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Medical Instruments (SEK-2.05M or -88.4%), Ferroalloys (SEK-1.03M or -55.8%), and Commodities not elsewhere specified (SEK-1M or -98.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK52.2M(14.4%)
IMPORT GROWTH (August 2023 - August 2024)SEK-1.09M(-2.84%)

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 Iceland and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iceland and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $469M to Iceland. The main products exported from Sweden to Iceland were Cars ($24.1M), Packaged Medicaments ($19.2M), and Video Displays ($17.6M). During the last 5 years the exports of Sweden to Iceland have increased at an annualized rate of 5.48%, from $359M in 2017 to $469M in 2022.

In 2017, Iceland exported $50M to Sweden. The main products exported from Iceland to Sweden were Raw Aluminium ($9.98M), Fish Fillets ($8.93M), and Dried/Salted/Smoked/Brined Fish ($6.22M). During the last 5 years the exports of Iceland to Sweden have increased at an annualized rate of 4.72%, from $34.6M in 2022 to $50M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Sweden than Iceland included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from Iceland than Sweden included Bahamas ($20.1M), Antigua and Barbuda ($8.12M), and Wallis and Futuna ($3.54M).

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

Comparative Advantage Sweden - Iceland

Flow
Scale

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

During 2022, Sweden had a large net trade with Iceland in the exports of Machines ($124M), Chemical Products ($61.1M), and Transportation ($44.9M).

During 2017, Iceland had a large net trade with Sweden in the exports of Animal Products ($22.4M), Metals ($11.7M), and Animal and Vegetable Bi-Products ($3.42M).

Bilateral Service Trade

In 2020, Sweden exported services to Iceland worth $85.9M, with Personal, cultural, and recreational services ($21.2M), Other business services ($20.2M), and Transportation ($14.8M) being the largest in terms of value.

In 2019, Iceland exported services to Sweden worth $122M, with Transportation ($48.5M), Travel ($45.6M), and Computer and information services ($12.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Iceland (Flag) to Sweden (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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