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2022
Flag → Flag
Exports $6.15BRnk 12 / 217
2022
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Top Product $495MNon-fillet Fresh Fish
2022
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Exports $6.56BRnk 21 / 221
2022
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Top Product $361MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 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$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 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$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Sweden-Italy Trade: In 2022, Sweden exported $6.15B to Italy. The main products that Sweden exported to Italy were Non-fillet Fresh Fish ($495M), Refined Copper ($402M), and Packaged Medicaments ($345M). Over the past 5 years the exports of Sweden to Italy have increased at an annualized rate of 8.96%, from $4B in 2017 to $6.15B in 2022.

In 2020, Sweden exported services to Italy worth $876M, with Computer and information services ($214M), Other business services ($184M), and Personal, cultural, and recreational services ($153M) being the largest in terms of value.

Italy-Sweden Trade: In 2022, Italy exported $6.56B to Sweden. The main products that Italy exported to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($361M), Packaged Medicaments ($327M), and Industrial Fatty Acids, Oils and Alcohols ($259M). Over the past 5 years the exports of Italy to Sweden have increased at an annualized rate of 5.58%,  from $5B in 2017 to $6.56B in 2022.

In 2020, Italy exported services to Sweden worth $1.1B, with Other business services ($720M), Communications services ($190M), and Travel ($122M) 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK3.34B and imported SEK3.69B from Italy, resulting in a negative trade balance of SEK350M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-75.9M (-2.22%) from SEK3.41B to SEK3.34B, while imports decreased by SEK-638M (-14.7%) from SEK4.32B to SEK3.69B.

Trade In August 2024, the top exports of Sweden to Italy were Non-fillet Fresh Fish (SEK454M), Packaged Medicaments (SEK404M), Large Flat-Rolled Stainless Steel (SEK299M), Kraft Paper (SEK196M), and Refined Copper (SEK190M). In August 2024 the top imports of Sweden from Italy were Motor vehicles; parts and accessories (8701... (SEK307M), Lifting Machinery (SEK152M), Machinery Having Individual Functions (SEK135M), Vaccines, blood, antisera, toxins and cultures (SEK133M), and Wine (SEK94.8M).

Growth In August 2024, the decrease in Sweden's year-by-year exports to Italy was explained primarily by an decrease in product exports in Refined Copper (SEK-203M or -51.6%), Flat Flat-Rolled Steel (SEK-64.6M or -40.3%), and Hot-Rolled Iron (SEK-51.7M or -45.3%). In August 2024, the decrease in Sweden's year-by-year imports  from Italy was explained primarily by an decrease in product imports  in Packaged Medicaments (SEK-104M or -55.5%), Coated Flat-Rolled Iron (SEK-51.6M or -97.9%), and Telephones (SEK-43.1M or -90.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-75.9M(-2.22%)
IMPORT GROWTH (August 2023 - August 2024)SEK-638M(-14.7%)

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 Italy and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $6.15B to Italy. The main products exported from Sweden to Italy were Non-fillet Fresh Fish ($495M), Refined Copper ($402M), and Packaged Medicaments ($345M). During the last 5 years the exports of Sweden to Italy have increased at an annualized rate of 8.96%, from $4B in 2017 to $6.15B in 2022.

In 2017, Italy exported $6.56B to Sweden. The main products exported from Italy to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($361M), Packaged Medicaments ($327M), and Industrial Fatty Acids, Oils and Alcohols ($259M). During the last 5 years the exports of Italy to Sweden have increased at an annualized rate of 5.58%, from $5B in 2022 to $6.56B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Italy
Top DestinationGermany$78.5B

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

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

In 2022, countries that imported more from Italy than Sweden included Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

Comparative Advantage Sweden - Italy

Flow
Scale

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

During 2022, Sweden had a large net trade with Italy in the exports of Machines ($1.43B), Metals ($1.37B), and Paper Goods ($825M).

During 2017, Italy had a large net trade with Sweden in the exports of Machines ($1.87B), Metals ($877M), and Chemical Products ($830M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Italy+$200MCars
Top Product Potential Italy Sweden+$94.6MPackaged 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 Italy worth $876M, with Computer and information services ($214M), Other business services ($184M), and Personal, cultural, and recreational services ($153M) being the largest in terms of value.

In 2020, Italy exported services to Sweden worth $1.1B, with Other business services ($720M), Communications services ($190M), and Travel ($122M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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