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2022
Flag → Flag
Exports $260MRnk 56 / 217
2022
Flag → Flag
Top Product $24.2MLarge Construction Vehicles
2022
Flag → Flag
Exports $58.6MRnk 55 / 210
2022
Flag → Flag
Top Product $20MSheep and Goat Meat
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
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GDP GROWTH40.3%CURRENT US$
Rnk 82 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
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GDP PC$48,249CURRENT US$
Rnk 22 / 186
2012-2022
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GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186

About

Sweden-New Zealand Trade: In 2022, Sweden exported $260M to New Zealand. The main products that Sweden exported to New Zealand were Large Construction Vehicles ($24.2M), Vaccines, blood, antisera, toxins and cultures ($16.3M), and Packaged Medicaments ($15.9M). Over the past 5 years the exports of Sweden to New Zealand have increased at an annualized rate of 1.7%, from $239M in 2017 to $260M in 2022.

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 2022, New Zealand exported $58.6M to Sweden. The main products that New Zealand exported to Sweden were Sheep and Goat Meat ($20M), Wine ($8.21M), and Therapeutic Appliances ($5.41M). Over the past 5 years the exports of New Zealand to Sweden have increased at an annualized rate of 2.04%,  from $53M in 2017 to $58.6M in 2022.

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 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B).

Latest Trends

May, 2024

About

Overview In May 2024, Sweden exported SEK154M and imported SEK44M from New Zealand, resulting in a positive trade balance of SEK110M. Between May 2023 and May 2024 the exports of Sweden have decreased by SEK-19.1M (-11%) from SEK173M to SEK154M, while imports increased by SEK6.87M (18.5%) from SEK37.1M to SEK44M.

Trade In May 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 May 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 May 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 May 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 (May 2023 - May 2024)SEK-19.1M(-11%)
IMPORT GROWTH (May 2023 - May 2024)SEK6.87M(18.5%)

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 2022, Sweden exported $260M to New Zealand. The main products exported from Sweden to New Zealand were Large Construction Vehicles ($24.2M), Vaccines, blood, antisera, toxins and cultures ($16.3M), and Packaged Medicaments ($15.9M). During the last 5 years the exports of Sweden to New Zealand have increased at an annualized rate of 1.7%, from $239M in 2017 to $260M in 2022.

In 2017, New Zealand exported $58.6M to Sweden. The main products exported from New Zealand to Sweden were Sheep and Goat Meat ($20M), Wine ($8.21M), and Therapeutic Appliances ($5.41M). During the last 5 years the exports of New Zealand to Sweden have increased at an annualized rate of 2.04%, from $53M in 2022 to $58.6M in 2017.

Exports from Sweden (Flag) to New Zealand (Flag) (2022)

Exports from New Zealand (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
New Zealand
Top DestinationChina$13.1B

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 2022, countries that imported more from Sweden than New Zealand included Norway ($18.7B), Germany ($19.2B), and Denmark ($14.6B).

In 2022, countries that imported more from New Zealand than Sweden included China ($13.1B), Australia ($5.35B), and Indonesia ($1.33B).

Difference in imports from New Zealand (Flag) and Sweden (Flag) (2022)

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 2022, Sweden had a large net trade with New Zealand in the exports of Machines ($100M), Transportation ($41.6M), and Chemical Products ($41.2M).

During 2017, New Zealand had a large net trade with Sweden in the exports of Animal Products ($25.3M), Foodstuffs ($8.62M), and Machines ($7.51M).

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) (2022)

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