2022
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GDP
$586BCURRENT US$
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2012-2022
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GDP GROWTH
6.06%CURRENT US$
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2022
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 GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%CURRENT US$
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GDP PC 
$55,873CURRENT US$
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GDP PC GROWTH
-3.73%CURRENT US$
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2022
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GDP PC
$33,815CURRENT US$
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2012-2022
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GDP PC GROWTH
-31.2%CURRENT US$
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About

Sweden-Japan Trade: In 2022, Sweden exported $2.92B to Japan. The main products that Sweden exported to Japan were Packaged Medicaments ($604M), Sawn Wood ($396M), and Cars ($283M). Over the past 5 years the exports of Sweden to Japan have increased at an annualized rate of 4.48%, from $2.34B in 2017 to $2.92B in 2022.

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 2022, Japan exported $1.45B to Sweden. The main products that Japan exported to Sweden were Cars ($403M), Motor vehicles; parts and accessories (8701 to 8705) ($231M), and Rubber Tires ($53.2M). Over the past 5 years the exports of Japan to Sweden have decreased at an annualized rate of 1.05%,  from $1.58B in 2017 to $1.45B in 2022.

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 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $2.92B to Japan. The main products exported from Sweden to Japan were Packaged Medicaments ($604M), Sawn Wood ($396M), and Cars ($283M). During the last 5 years the exports of Sweden to Japan have increased at an annualized rate of 4.48%, from $2.34B in 2017 to $2.92B in 2022.

In 2017, Japan exported $1.45B to Sweden. The main products exported from Japan to Sweden were Cars ($403M), Motor vehicles; parts and accessories (8701 to 8705) ($231M), and Rubber Tires ($53.2M). During the last 5 years the exports of Japan to Sweden have decreased at an annualized rate of 1.05%, from $1.58B in 2022 to $1.45B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top Destination
Germany$19.2B
Japan
Top Destination
United States$137B

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

In 2022, countries that imported more from Japan than Sweden included China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

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

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 2022, Sweden had a large net trade with Japan in the exports of Chemical Products ($934M), Transportation ($449M), and Wood Products ($418M).

During 2017, Japan had a large net trade with Sweden in the exports of Transportation ($656M), Machines ($388M), and Chemical Products ($113M).

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) (2022)

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