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2023
Flag → Flag
Exports $9.13MRnk 133 / 216
2023
Flag → Flag
Top Product $5.79MScrap Iron
2023
Flag → Flag
Exports $2.08MRnk 23 / 111
2023
Flag → Flag
Top Product $547kFelt
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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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$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
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GDP GROWTH84.6%CURRENT US$
Rnk 26 / 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$1,378CURRENT US$
Rnk 169 / 196
2013-2023
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GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195

About

Sweden-Nepal Trade: In 2023, Sweden exported $9.13M to Nepal. The main products that Sweden exported to Nepal were Scrap Iron ($5.79M), Other Plastic Products ($821k), and Scrap Copper ($402k). Over the past 5 years the exports of Sweden to Nepal have increased at an annualized rate of 12.4%, from $5.1M in 2018 to $9.13M in 2023.

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

Nepal-Sweden Trade: In 2023, Nepal exported $2.08M to Sweden. The main products that Nepal exported to Sweden were Felt ($547k), Knit Sweaters ($194k), and Non-Knit Men's Suits ($156k). Over the past 5 years the exports of Nepal to Sweden have increased at an annualized rate of 8.7%,  from $1.37M in 2018 to $2.08M in 2023.

In 2023, Nepal 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, Nepal ranked 156 in total exports ($1.21B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK1.4M and imported SEK1.31M from Nepal, resulting in a positive trade balance of SEK85k. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-5.04M (-78.3%) from SEK6.44M to SEK1.4M, while imports decreased by SEK-1.74M (-57%) from SEK3.05M to SEK1.31M.

Trade In October 2024, the top exports of Sweden to Nepal were Excavation Machinery (SEK825k), Sulfate Chemical Woodpulp (SEK596k), Washing and Bottling Machines (SEK334k), Other Rubber Products (SEK80k), and Transmissions (SEK61k). In October 2024 the top imports of Sweden from Nepal were Felt (SEK901k), Knit Sweaters (SEK776k), Other Cloth Articles (SEK163k), Knotted Carpets (SEK111k), and Prepared Wool or Animal Hair (SEK88k).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Nepal was explained primarily by an decrease in product exports in Electric Heaters (SEK-62k or -84.9%) and Medical Instruments (SEK-28k or -66.7%). In October 2024, the decrease in Sweden's year-by-year imports  from Nepal was explained primarily by an decrease in product imports  in Trunks and Cases (SEK-43k or -53.8%), Other toys (SEK-22k or -37.3%), and Non-Knit Women's Suits (SEK-11k or -78.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-5.04M(-78.3%)
IMPORT GROWTH (October 2023 - October 2024)SEK-1.74M(-57%)

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 Nepal and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Nepal and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $9.13M to Nepal. The main products exported from Sweden to Nepal were Scrap Iron ($5.79M), Other Plastic Products ($821k), and Scrap Copper ($402k). During the last 5 years the exports of Sweden to Nepal have increased at an annualized rate of 12.4%, from $5.1M in 2018 to $9.13M in 2023.

In 2018, Nepal exported $2.08M to Sweden. The main products exported from Nepal to Sweden were Felt ($547k), Knit Sweaters ($194k), and Non-Knit Men's Suits ($156k). During the last 5 years the exports of Nepal to Sweden have increased at an annualized rate of 8.7%, from $1.37M in 2023 to $2.08M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Nepal
Top DestinationIndia$811M

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

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

In 2023, no countries were registered that imported more from Nepal than from Sweden.

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

Comparative Advantage Sweden - Nepal

Flow
Scale

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

During 2023, Sweden had a large net trade with Nepal in the exports of Metals ($6.3M), Machines ($1.23M), and Plastics and Rubbers ($1.03M).

During 2018, Nepal had a large net trade with Sweden in the exports of Textiles ($1.68M), Paper Goods ($130k), and Miscellaneous ($66.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Nepal+$362kExcavation Machinery
Top Product Potential Nepal Sweden+$371kKnit 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 Nepal. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Nepal. Similarly, a dot/product with the flag of Nepal indicates it has a comparative advantage over Sweden.

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

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