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2023
Flag → Flag
Exports $2.67BRnk 15 / 216
2023
Flag → Flag
Top Product $707MPackaged Medicaments
2023
Flag → Flag
Exports $1.54BRnk 43 / 211
2023
Flag → Flag
Top Product $384MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 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$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 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$33,767CURRENT US$
Rnk 38 / 196
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195

About

Sweden-Japan Trade: In 2023, Sweden exported $2.67B to Japan. The main products that Sweden exported to Japan were Packaged Medicaments ($707M), Cars ($209M), and Video Recording Equipment ($200M). Over the past 5 years the exports of Sweden to Japan have decreased at an annualized rate of 0.6%, from $2.75B in 2018 to $2.67B in 2023.

In 2020, Sweden exported services to Japan worth $892M, with Computer and information services ($513M), Royalties and license fees ($92.2M), and Personal, cultural, and recreational services ($89.9M) being the largest in terms of value.

Japan-Sweden Trade: In 2023, Japan exported $1.54B to Sweden. The main products that Japan exported to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($384M), Cars ($203M), and Rubber Tires ($113M). Over the past 5 years the exports of Japan to Sweden have decreased at an annualized rate of 4.75%,  from $1.97B in 2018 to $1.54B in 2023.

In 2009, Japan exported services to Sweden worth $1.48B, with Services not allocated ($736M), Other business services ($463M), and Royalties and license fees ($123M) 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK2.01B and imported SEK1.23B from Japan, resulting in a positive trade balance of SEK784M. Between October 2023 and October 2024 the exports of Sweden have increased by SEK217M (12.1%) from SEK1.8B to SEK2.01B, while imports decreased by SEK-54.1M (-4.21%) from SEK1.28B to SEK1.23B.

Trade In October 2024, the top exports of Sweden to Japan were Cars (SEK430M), Packaged Medicaments (SEK238M), Other Electrical Machinery (SEK130M), Sawn Wood (SEK129M), and Motor vehicles; parts and accessories (8701... (SEK79.1M). In October 2024 the top imports of Sweden from Japan were Cars (SEK146M), Nitrogen Heterocyclic Compounds (SEK46.6M), Motor vehicles; parts and accessories (8701... (SEK43.6M), Other Measuring Instruments (SEK39.1M), and Spark-Ignition Engines (SEK38.1M).

Growth In October 2024, the increase in Sweden's year-by-year exports to Japan was explained primarily by an increase in product exports in Cars (SEK203M or 89.6%), Other Electrical Machinery (SEK94.3M or 262%), and Scrap Copper (SEK18M or 679%). In October 2024, the decrease in Sweden's year-by-year imports  from Japan was explained primarily by an decrease in product imports  in Navigation Equipment (SEK-36.4M or -98.3%), Steel Bars (SEK-15.8M or -56.6%), and Air Pumps (SEK-7.61M or -45.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK217M(12.1%)
IMPORT GROWTH (October 2023 - October 2024)SEK-54.1M(-4.21%)

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 Japan and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Japan and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $2.67B to Japan. The main products exported from Sweden to Japan were Packaged Medicaments ($707M), Cars ($209M), and Video Recording Equipment ($200M). During the last 5 years the exports of Sweden to Japan have decreased at an annualized rate of 0.6%, from $2.75B in 2018 to $2.67B in 2023.

In 2018, Japan exported $1.54B to Sweden. The main products exported from Japan to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($384M), Cars ($203M), and Rubber Tires ($113M). During the last 5 years the exports of Japan to Sweden have decreased at an annualized rate of 4.75%, from $1.97B in 2023 to $1.54B in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Japan
Top DestinationUnited States$143B

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

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

In 2023, countries that imported more from Japan than Sweden included China ($138B), United States ($143B), and Chinese Taipei ($43B).

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

Comparative Advantage Sweden - Japan

Flow
Scale

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

During 2023, Sweden had a large net trade with Japan in the exports of Chemical Products ($854M), Machines ($633M), and Transportation ($388M).

During 2018, Japan had a large net trade with Sweden in the exports of Transportation ($619M), Machines ($394M), and Plastics and Rubbers ($129M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Japan+$118MCars
Top Product Potential Japan Sweden+$199MCars

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

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

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