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2023
Flag → Flag
Exports $244MRnk 61 / 216
2023
Flag → Flag
Top Product $20.4MLarge Construction Vehicles
2023
Flag → Flag
Exports $52.4MRnk 54 / 206
2023
Flag → Flag
Top Product $21.5MSheep and Goat Meat
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.48Rnk 43 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$252BCURRENT US$
Rnk 51 / 195
2013-2023
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GDP GROWTH32.1%CURRENT US$
Rnk 110 / 195
2023
Flag
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$48,281CURRENT US$
Rnk 28 / 196
2013-2023
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GDP PC GROWTH12.3%CURRENT US$
Rnk 127 / 195

About

Sweden-New Zealand Trade: In 2023, Sweden exported $244M to New Zealand. The main products that Sweden exported to New Zealand were Large Construction Vehicles ($20.4M), Packaged Medicaments ($17.6M), and Delivery Trucks ($8.88M). Over the past 5 years the exports of Sweden to New Zealand have decreased at an annualized rate of 0.86%, from $255M in 2018 to $244M in 2023.

In 2020, Sweden exported services to New Zealand worth $171M, with Personal, cultural, and recreational services ($87.3M), Royalties and license fees ($40.9M), and Transportation ($22.6M) being the largest in terms of value.

New Zealand-Sweden Trade: In 2023, New Zealand exported $52.4M to Sweden. The main products that New Zealand exported to Sweden were Sheep and Goat Meat ($21.5M), Wine ($4.55M), and Other Meat ($3.53M). Over the past 5 years the exports of New Zealand to Sweden have decreased at an annualized rate of 2.28%,  from $58.8M in 2018 to $52.4M in 2023.

In 2018, New Zealand exported services to Sweden worth $182M, with Travel ($173M), Other business services ($8.29M), and Royalties and license fees ($1.38M) 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, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK128M and imported SEK59.8M from New Zealand, resulting in a positive trade balance of SEK68.7M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-29.5M (-18.6%) from SEK158M to SEK128M, while imports increased by SEK14.5M (32.1%) from SEK45.3M to SEK59.8M.

Trade In October 2024, the top exports of Sweden to New Zealand were Delivery Trucks (SEK16.9M), Packaged Medicaments (SEK13.6M), Soil Preparation Machinery (SEK12.8M), Cars (SEK10.2M), and Fork-Lifts (SEK6.76M). In October 2024 the top imports of Sweden from New Zealand were Sheep and Goat Meat (SEK10.4M), Wine (SEK4.6M), Other Meat (SEK3.3M), Frozen Bovine Meat (SEK2.51M), and Electrical Control Boards (SEK2M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to New Zealand was explained primarily by an decrease in product exports in Pig Meat (SEK-3.94M or -45.9%), Glass Working Machines (SEK-3.43M or -99.2%), and Cars (SEK-3.38M or -24.9%). In October 2024, the increase in Sweden's year-by-year imports  from New Zealand was explained primarily by an increase in product imports  in Sheep and Goat Meat (SEK2.49M or 31.5%), Electrical Control Boards (SEK868k or 76.7%), and Wine (SEK562k or 13.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-29.5M(-18.6%)
IMPORT GROWTH (October 2023 - October 2024)SEK14.5M(32.1%)

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 New Zealand and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore New Zealand and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $244M to New Zealand. The main products exported from Sweden to New Zealand were Large Construction Vehicles ($20.4M), Packaged Medicaments ($17.6M), and Delivery Trucks ($8.88M). During the last 5 years the exports of Sweden to New Zealand have decreased at an annualized rate of 0.86%, from $255M in 2018 to $244M in 2023.

In 2018, New Zealand exported $52.4M to Sweden. The main products exported from New Zealand to Sweden were Sheep and Goat Meat ($21.5M), Wine ($4.55M), and Other Meat ($3.53M). During the last 5 years the exports of New Zealand to Sweden have decreased at an annualized rate of 2.28%, from $58.8M in 2023 to $52.4M in 2018.

Exports from Sweden (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Sweden (Flag) (2023)

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
New Zealand
Top DestinationChina$12.3B

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

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

In 2023, countries that imported more from New Zealand than Sweden included China ($12.3B), Australia ($5.2B), and Fiji ($433M).

Difference in imports from New Zealand (Flag) and Sweden (Flag) (2023)

Comparative Advantage Sweden - New Zealand

Flow
Scale

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

During 2023, Sweden had a large net trade with New Zealand in the exports of Machines ($102M), Transportation ($30.5M), and Chemical Products ($27.1M).

During 2018, New Zealand had a large net trade with Sweden in the exports of Animal Products ($29.1M), Machines ($10.1M), and Foodstuffs ($4.91M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden New Zealand+$12.7MCars
Top Product Potential New Zealand Sweden+$4.11MWine

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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Bilateral Service Trade

In 2020, Sweden exported services to New Zealand worth $171M, with Personal, cultural, and recreational services ($87.3M), Royalties and license fees ($40.9M), and Transportation ($22.6M) being the largest in terms of value.

In 2018, New Zealand exported services to Sweden worth $182M, with Travel ($173M), Other business services ($8.29M), and Royalties and license fees ($1.38M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to New Zealand (Flag) (2020)

Services Exports from New Zealand (Flag) to Sweden (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and New Zealand. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over New Zealand. Similarly, a dot/product with the flag of New Zealand indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and New Zealand (Flag) (2023)

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