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2022
Flag → Flag
Exports $18.7BRnk 2 / 217
2022
Flag → Flag
Top Product $2.97BRefined Petroleum
2022
Flag → Flag
Exports $17.6kRnk 5 / 209
2022
Flag → Flag
Top Product $8.93BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 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$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Sweden-Norway Trade: In 2022, Sweden exported $18.7B to Norway. The main products that Sweden exported to Norway were Refined Petroleum ($2.97B), Broadcasting Equipment ($679M), and Electricity ($545M). Over the past 5 years the exports of Sweden to Norway have increased at an annualized rate of 6.35%, from $13.8B in 2017 to $18.7B in 2022.

In 2020, Sweden exported services to Norway worth $5.8B, with Travel ($1.81B), Other business services ($1.34B), and Transportation ($935M) being the largest in terms of value.

Norway-Sweden Trade: In 2022, Norway exported $17.7B to Sweden. The main products that Norway exported to Sweden were Crude Petroleum ($8.93B), Refined Petroleum ($1.29B), and Electricity ($749M). Over the past 5 years the exports of Norway to Sweden have increased at an annualized rate of 17.3%,  from $7.94B in 2017 to $17.7B in 2022.

In 2009, Norway exported services to Sweden worth $4.52B, with Other business services ($1.43B), Travel ($974M), and Computer and information services ($646M) 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Latest Trends

June, 2024

About

Overview In June 2024, Sweden exported SEK14.7B and imported SEK16B from Norway, resulting in a negative trade balance of SEK1.28B. Between June 2023 and June 2024 the exports of Sweden have increased by SEK215M (1.48%) from SEK14.5B to SEK14.7B, while imports decreased by SEK-786M (-4.68%) from SEK16.8B to SEK16B.

Trade In June 2024, the top exports of Sweden to Norway were Refined Petroleum (SEK1.66B), Computers (SEK439M), Packaged Medicaments (SEK377M), Electricity (SEK310M), and Telephones (SEK298M). In June 2024 the top imports of Sweden from Norway were Crude Petroleum (SEK7.21B), Non-fillet Fresh Fish (SEK2.83B), Refined Petroleum (SEK1.66B), Fish Fillets (SEK922M), and Petroleum Gas (SEK397M).

Growth In June 2024, the increase in Sweden's year-by-year exports to Norway was explained primarily by an increase in product exports in Refined Petroleum (SEK611M or 58.1%), Coal Tar Oil (SEK199M or 22.6k%), and Electricity (SEK155M or 99.8%). In June 2024, the decrease in Sweden's year-by-year imports  from Norway was explained primarily by an decrease in product imports  in Raw Aluminium (SEK-256M or -41.4%), Crude Petroleum (SEK-164M or -2.22%), and Electricity (SEK-91.3M or -19.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)SEK215M(1.48%)
IMPORT GROWTH (June 2023 - June 2024)SEK-786M(-4.68%)

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 Norway and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $18.7B to Norway. The main products exported from Sweden to Norway were Refined Petroleum ($2.97B), Broadcasting Equipment ($679M), and Electricity ($545M). During the last 5 years the exports of Sweden to Norway have increased at an annualized rate of 4.62%, from $1.24M in 2017 to $18.7B in 2022.

In 2017, Norway exported $17.7B to Sweden. The main products exported from Norway to Sweden were Crude Petroleum ($8.93B), Refined Petroleum ($1.29B), and Electricity ($749M). During the last 5 years the exports of Norway to Sweden have increased at an annualized rate of 16.1%, from $42.4k in 2022 to $17.7B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Norway
Top DestinationGermany$78.1B

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

In 2022, countries that imported more from Sweden than Norway included United States ($17.8B), Denmark ($14.6B), and Finland ($13.4B).

In 2022, countries that imported more from Norway than Sweden included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

Comparative Advantage Sweden - Norway

Flow
Scale

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

During 2022, Sweden had a large net trade with Norway in the exports of Mineral Products ($4.4B), Machines ($4.22B), and Metals ($1.47B).

During 2017, Norway had a large net trade with Sweden in the exports of Mineral Products ($11.5B), Metals ($1.36B), and Animal Products ($826M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Norway+$159MCars
Top Product Potential Norway Sweden+$554MPetroleum Gas

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

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

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