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Pricing

2022
Flag → Flag
Exports $36.2MRnk 101 / 217
2022
Flag → Flag
Top Product $11.1MExcavation Machinery
2022
Flag → Flag
Exports $434kRnk 44 / 113
2022
Flag → Flag
Top Product $81.5kUsed Clothing
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186

About

Sweden-Mongolia Trade: In 2022, Sweden exported $36.2M to Mongolia. The main products that Sweden exported to Mongolia were Excavation Machinery ($11.1M), Other Construction Vehicles ($2.87M), and Transmissions ($2.18M). Over the past 5 years the exports of Sweden to Mongolia have increased at an annualized rate of 2.69%, from $31.7M in 2017 to $36.2M in 2022.

In 2022, Sweden did not export any services to Mongolia.

Mongolia-Sweden Trade: In 2022, Mongolia exported $434k to Sweden. The main products that Mongolia exported to Sweden were Used Clothing ($81.5k), Knit Women's Shirts ($48.2k), and Knit Women's Undergarments ($39.4k). Over the past 5 years the exports of Mongolia to Sweden have decreased at an annualized rate of 13.9%,  from $916k in 2017 to $434k in 2022.

In 2022, Mongolia did not export any services to Sweden.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK20.2M and imported SEK2.14M from Mongolia, resulting in a positive trade balance of SEK18.1M. Between July 2023 and July 2024 the exports of Sweden have increased by SEK1.22M (6.44%) from SEK19M to SEK20.2M, while imports decreased by SEK-45k (-2.06%) from SEK2.18M to SEK2.14M.

Trade In July 2024, the top exports of Sweden to Mongolia were Excavation Machinery (SEK4.62M), Transmissions (SEK1.93M), Other Engines (SEK1.36M), Interchangeable Tool Parts (SEK1.35M), and Valves (SEK879k). In July 2024 the top imports of Sweden from Mongolia were Interchangeable Tool Parts (SEK276k), Other Engines (SEK151k), Excavation Machinery (SEK88k), Used Clothing (SEK81k), and Motor vehicles; parts and accessories (8701... (SEK43k).

Growth In July 2024, the increase in Sweden's year-by-year exports to Mongolia was explained primarily by an increase in product exports in Electrical Control Boards (SEK627k or 713%), Transmissions (SEK433k or 28.8%), and Cars (SEK310k or 279%). In July 2024, the decrease in Sweden's year-by-year imports  from Mongolia was explained primarily by an decrease in product imports  in Used Clothing (SEK-56k or -40.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK1.22M(6.44%)
IMPORT GROWTH (July 2023 - July 2024)SEK-45k(-2.06%)

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 Mongolia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Mongolia and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $36.2M to Mongolia. The main products exported from Sweden to Mongolia were Excavation Machinery ($11.1M), Other Construction Vehicles ($2.87M), and Transmissions ($2.18M). During the last 5 years the exports of Sweden to Mongolia have increased at an annualized rate of 2.69%, from $31.7M in 2017 to $36.2M in 2022.

In 2017, Mongolia exported $434k to Sweden. The main products exported from Mongolia to Sweden were Used Clothing ($81.5k), Knit Women's Shirts ($48.2k), and Knit Women's Undergarments ($39.4k). During the last 5 years the exports of Mongolia to Sweden have decreased at an annualized rate of 13.9%, from $916k in 2022 to $434k in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Mongolia
Top DestinationChina$10.6B

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

In 2022, countries that imported more from Sweden than Mongolia included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from Mongolia than Sweden included China ($10.6B) and Switzerland ($1.98B).

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

Comparative Advantage Sweden - Mongolia

Flow
Scale

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

During 2022, Sweden had a large net trade with Mongolia in the exports of Machines ($23.7M), Metals ($5.14M), and Transportation ($2.69M).

During 2017, Mongolia had a large net trade with Sweden in the exports of Textiles ($282k), Machines ($76.9k), and Footwear and Headwear ($27.9k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Mongolia+$1.62MDelivery Trucks
Top Product Potential Mongolia Sweden+$268kKnit Sweaters

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

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

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