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2023
Flag → Flag
Exports $23.5MRnk 114 / 216
2023
Flag → Flag
Top Product $3MOther Construction Vehicles
2023
Flag → Flag
Exports $1.34MRnk 62 / 180
2023
Flag → Flag
Top Product $526kWood Charcoal
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.74Rnk 98 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$12.4BCURRENT US$
Rnk 145 / 195
2013-2023
Flag
GDP GROWTH2.56%CURRENT US$
Rnk 167 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$4,168CURRENT US$
Rnk 129 / 196
2013-2023
Flag
GDP PC GROWTH-22%CURRENT US$
Rnk 180 / 195

About

Sweden-Namibia Trade: In 2023, Sweden exported $23.5M to Namibia. The main products that Sweden exported to Namibia were Other Construction Vehicles ($3M), Delivery Trucks ($2.95M), and Large Construction Vehicles ($2.81M). Over the past 5 years the exports of Sweden to Namibia have decreased at an annualized rate of 4.36%, from $29.3M in 2018 to $23.5M in 2023.

In 2023, Sweden did not export any services to Namibia.

Namibia-Sweden Trade: In 2023, Namibia exported $1.34M to Sweden. The main products that Namibia exported to Sweden were Wood Charcoal ($526k), Fish Fillets ($253k), and Grapes ($211k). Over the past 5 years the exports of Namibia to Sweden have decreased at an annualized rate of 13.8%,  from $2.81M in 2018 to $1.34M in 2023.

In 2023, Namibia did not export any services to Sweden.

Comparison: In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B). That same year, Namibia ranked 98 in the Economic Complexity Index (ECI -0.74), and 124 in total exports ($6.28B).

Latest Trends

November, 2024

About

Overview In November 2024, Sweden exported SEK293M and imported SEK45k from Namibia, resulting in a positive trade balance of SEK293M. Between November 2023 and November 2024 the exports of Sweden have increased by SEK292M (23k%) from SEK1.27M to SEK293M, while imports increased by SEK14k (45.2%) from SEK31k to SEK45k.

Trade In November 2024, the top exports of Sweden to Namibia were Other Construction Vehicles (SEK18.2M), Combustion Engines (SEK929k), Iron Fasteners (SEK103k), Centrifuges (SEK74k), and Washing and Bottling Machines (SEK55k). In November 2024 the top imports of Sweden from Namibia were Grapes (SEK369k), Electrical Transformers (SEK11k), and Wood Charcoal (SEK1k).

Growth In November 2024, the increase in Sweden's year-by-year exports to Namibia was explained primarily by an increase in product exports in Other Plastic Products (SEK1k or 50%). In November 2024, the increase in Sweden's year-by-year imports  from Namibia was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)SEK292M(23k%)
IMPORT GROWTH (November 2023 - November 2024)SEK14k(45.2%)

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 Namibia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Namibia and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $23.5M to Namibia. The main products exported from Sweden to Namibia were Other Construction Vehicles ($3M), Delivery Trucks ($2.95M), and Large Construction Vehicles ($2.81M). During the last 5 years the exports of Sweden to Namibia have decreased at an annualized rate of 4.36%, from $29.3M in 2018 to $23.5M in 2023.

In 2018, Namibia exported $1.34M to Sweden. The main products exported from Namibia to Sweden were Wood Charcoal ($526k), Fish Fillets ($253k), and Grapes ($211k). During the last 5 years the exports of Namibia to Sweden have decreased at an annualized rate of 13.8%, from $2.81M in 2023 to $1.34M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Namibia
Top DestinationSouth Africa$1.71B

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

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

In 2023, countries that imported more from Namibia than Sweden included South Africa ($1.71B), Botswana ($504M), and Zambia ($329M).

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

Comparative Advantage Sweden - Namibia

Flow
Scale

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

During 2023, Sweden had a large net trade with Namibia in the exports of Machines ($12.3M), Transportation ($3.66M), and Animal Products ($1.75M).

During 2018, Namibia had a large net trade with Sweden in the exports of Wood Products ($532k), Animal Products ($266k), and Vegetable Products ($211k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Namibia+$992kRefined Petroleum
Top Product Potential Namibia Sweden+$215kGrapes

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

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

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