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2023
Flag → Flag
Exports $6.54BRnk 12 / 216
2023
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Top Product $571MNon-fillet Fresh Fish
2023
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Exports $5.69BRnk 25 / 219
2023
Flag → Flag
Top Product $374MMotor vehicles; parts and accessories (8701 to 8705)
2023
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Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI 1.29Rnk 18 / 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$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
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GDP GROWTH6.86%CURRENT US$
Rnk 165 / 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$39,003CURRENT US$
Rnk 32 / 196
2013-2023
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GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Sweden-Italy Trade: In 2023, Sweden exported $6.54B to Italy. The main products that Sweden exported to Italy were Non-fillet Fresh Fish ($571M), Tractors ($451M), and Packaged Medicaments ($386M). Over the past 5 years the exports of Sweden to Italy have increased at an annualized rate of 4.57%, from $5.23B in 2018 to $6.54B in 2023.

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 2023, Italy exported $5.69B to Sweden. The main products that Italy exported to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($374M), Packaged Medicaments ($213M), and Wine ($186M). Over the past 5 years the exports of Italy to Sweden have increased at an annualized rate of 2.39%,  from $5.05B in 2018 to $5.69B in 2023.

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 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK4.98B and imported SEK4.88B from Italy, resulting in a positive trade balance of SEK106M. Between October 2023 and October 2024 the exports of Sweden have increased by SEK128M (2.64%) from SEK4.86B to SEK4.98B, while imports decreased by SEK-300M (-5.79%) from SEK5.18B to SEK4.88B.

Trade In October 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 October 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 October 2024, the increase in Sweden's year-by-year exports to Italy was explained primarily by an increase in product exports in Large Flat-Rolled Stainless Steel (SEK140M or 88.3%), Non-fillet Fresh Fish (SEK105M or 30.2%), and Combustion Engines (SEK99.7M or 177%). In October 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 (October 2023 - October 2024)SEK128M(2.64%)
IMPORT GROWTH (October 2023 - October 2024)SEK-300M(-5.79%)

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 2023, Sweden exported $6.54B to Italy. The main products exported from Sweden to Italy were Non-fillet Fresh Fish ($571M), Tractors ($451M), and Packaged Medicaments ($386M). During the last 5 years the exports of Sweden to Italy have increased at an annualized rate of 4.57%, from $5.23B in 2018 to $6.54B in 2023.

In 2018, Italy exported $5.69B to Sweden. The main products exported from Italy to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($374M), Packaged Medicaments ($213M), and Wine ($186M). During the last 5 years the exports of Italy to Sweden have increased at an annualized rate of 2.39%, from $5.05B in 2023 to $5.69B in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Italy
Top DestinationGermany$71.4B

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

In 2023, countries that imported more from Italy than Sweden included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

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 2023, Sweden had a large net trade with Italy in the exports of Machines ($1.68B), Metals ($1.16B), and Paper Goods ($867M).

During 2018, Italy had a large net trade with Sweden in the exports of Machines ($1.82B), Metals ($633M), and Transportation ($585M).

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) (2023)

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