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2023
Flag → Flag
Exports $149MRnk 66 / 216
2023
Flag → Flag
Top Product $37.4MCars
2023
Flag → Flag
Exports $275MRnk 16 / 191
2023
Flag → Flag
Top Product $38MCoated Flat-Rolled Iron
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag  
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$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH31.5%CURRENT US$
Rnk 111 / 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$128,678CURRENT US$
Rnk 2 / 196
2013-2023
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GDP PC GROWTH7.23%CURRENT US$
Rnk 143 / 195

About

Sweden-Luxembourg Trade: In 2023, Sweden exported $149M to Luxembourg. The main products that Sweden exported to Luxembourg were Cars ($37.4M), Glass Working Machines ($19.7M), and Vinyl Chloride Polymers ($13.1M). Over the past 5 years the exports of Sweden to Luxembourg have decreased at an annualized rate of 1.04%, from $157M in 2018 to $149M in 2023.

In 2020, Sweden exported services to Luxembourg worth $567M, with Other business services ($289M), Financial services ($114M), and Insurance services ($31.8M) being the largest in terms of value.

Luxembourg-Sweden Trade: In 2023, Luxembourg exported $275M to Sweden. The main products that Luxembourg exported to Sweden were Coated Flat-Rolled Iron ($38M), Rubber Tires ($33M), and Petroleum Gas ($30.7M). Over the past 5 years the exports of Luxembourg to Sweden have decreased at an annualized rate of 4.82%,  from $352M in 2018 to $275M in 2023.

In 2020, Luxembourg exported services to Sweden worth $228M, with Other business services ($184M), Transportation ($40M), and Travel ($4.57M) 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, Luxembourg ranked 82 in total exports ($18.9B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK74.1M and imported SEK264M from Luxembourg, resulting in a negative trade balance of SEK190M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-10.9M (-12.8%) from SEK85M to SEK74.1M, while imports increased by SEK37.8M (16.7%) from SEK227M to SEK264M.

Trade In October 2024, the top exports of Sweden to Luxembourg were Kaolin Coated Paper (SEK16.3M), Glass Working Machines (SEK14M), Vinyl Chloride Polymers (SEK13.1M), Cars (SEK7.18M), and Cellulose Fibers Paper (SEK4.2M). In October 2024 the top imports of Sweden from Luxembourg were Petroleum Gas (SEK34.4M), Coated Flat-Rolled Iron (SEK29.9M), Rubber Tires (SEK20M), Iron Blocks (SEK15.5M), and Plastic Floor Coverings (SEK12.7M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Luxembourg was explained primarily by an decrease in product exports in Telephones (SEK-2.5M or -60.8%), Vinyl Chloride Polymers (SEK-1.75M or -11.8%), and Motor vehicles; parts and accessories (8701... (SEK-1.35M or -91.6%). In October 2024, the increase in Sweden's year-by-year imports  from Luxembourg was explained primarily by an increase in product imports  in Electrical Transformers (SEK4.2M or 7.38k%), Trailers and semi-trailers, not mechanically propelled... (SEK3.69M or 1.88k%), and Plastic Floor Coverings (SEK3.42M or 36.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-10.9M(-12.8%)
IMPORT GROWTH (October 2023 - October 2024)SEK37.8M(16.7%)

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 Luxembourg and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Luxembourg and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $149M to Luxembourg. The main products exported from Sweden to Luxembourg were Cars ($37.4M), Glass Working Machines ($19.7M), and Vinyl Chloride Polymers ($13.1M). During the last 5 years the exports of Sweden to Luxembourg have decreased at an annualized rate of 1.04%, from $157M in 2018 to $149M in 2023.

In 2018, Luxembourg exported $275M to Sweden. The main products exported from Luxembourg to Sweden were Coated Flat-Rolled Iron ($38M), Rubber Tires ($33M), and Petroleum Gas ($30.7M). During the last 5 years the exports of Luxembourg to Sweden have decreased at an annualized rate of 4.82%, from $352M in 2023 to $275M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Luxembourg
Top DestinationGermany$3.42B

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

In 2023, countries that imported more from Sweden than Luxembourg included United States ($18.1B), Germany ($18.4B), and Denmark ($14.4B).

In 2023, countries that imported more from Luxembourg than Sweden included Hong Kong ($960M), Oman ($290M), and British Virgin Islands ($39.8M).

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

Comparative Advantage Sweden - Luxembourg

Flow
Scale

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

During 2023, Sweden had a large net trade with Luxembourg in the exports of Transportation ($47.8M), Machines ($35.8M), and Chemical Products ($18.8M).

During 2018, Luxembourg had a large net trade with Sweden in the exports of Metals ($103M), Plastics and Rubbers ($64.8M), and Mineral Products ($35.6M).

Bilateral Service Trade

In 2020, Sweden exported services to Luxembourg worth $567M, with Other business services ($289M), Financial services ($114M), and Insurance services ($31.8M) being the largest in terms of value.

In 2020, Luxembourg exported services to Sweden worth $228M, with Other business services ($184M), Transportation ($40M), and Travel ($4.57M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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