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2023
Flag → Flag
Exports $200MRnk 63 / 216
2023
Flag → Flag
Top Product $21.1MSawn Wood
2023
Flag → Flag
Exports $114MRnk 36 / 201
2023
Flag → Flag
Top Product $37.2MIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 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$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Sweden-Philippines Trade: In 2023, Sweden exported $200M to Philippines. The main products that Sweden exported to Philippines were Sawn Wood ($21.1M), Other Uncoated Paper ($16.9M), and Packaged Medicaments ($16.2M). Over the past 5 years the exports of Sweden to Philippines have decreased at an annualized rate of 3.37%, from $237M in 2018 to $200M in 2023.

In 2020, Sweden exported services to Philippines worth $199M, with Computer and information services ($115M), Personal, cultural, and recreational services ($76.8M), and Other business services ($2.51M) being the largest in terms of value.

Philippines-Sweden Trade: In 2023, Philippines exported $114M to Sweden. The main products that Philippines exported to Sweden were Integrated Circuits ($37.2M), Electric Heaters ($15.8M), and Raw Tobacco ($7.89M). Over the past 5 years the exports of Philippines to Sweden have increased at an annualized rate of 10.8%,  from $68.2M in 2018 to $114M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK122M and imported SEK73M from Philippines, resulting in a positive trade balance of SEK49.2M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-9.99M (-7.55%) from SEK132M to SEK122M, while imports increased by SEK4.71M (6.9%) from SEK68.3M to SEK73M.

Trade In October 2024, the top exports of Sweden to Philippines were Other Uncoated Paper (SEK36M), Sawn Wood (SEK15.5M), Kaolin Coated Paper (SEK10.5M), Kraft Paper (SEK5.4M), and Packaged Medicaments (SEK5.32M). In October 2024 the top imports of Sweden from Philippines were Raw Tobacco (SEK19.8M), Spark-Ignition Engines (SEK5.27M), Industrial Printers (SEK4.84M), Other Processed Fruits and Nuts (SEK3.22M), and Rubber Tires (SEK2.9M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Telephones (SEK-6.4M or -85.6%), Iron Pipe Fittings (SEK-2.1M or -94.5%), and Lifting Machinery (SEK-2.08M or -33.3%). In October 2024, the increase in Sweden's year-by-year imports  from Philippines was explained primarily by an increase in product imports  in Raw Tobacco (SEK14.7M or 289%), Other Processed Fruits and Nuts (SEK2.48M or 336%), and Rubber Tires (SEK2.05M or 240%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-9.99M(-7.55%)
IMPORT GROWTH (October 2023 - October 2024)SEK4.71M(6.9%)

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 Philippines and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Philippines and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $200M to Philippines. The main products exported from Sweden to Philippines were Sawn Wood ($21.1M), Other Uncoated Paper ($16.9M), and Packaged Medicaments ($16.2M). During the last 5 years the exports of Sweden to Philippines have decreased at an annualized rate of 3.37%, from $237M in 2018 to $200M in 2023.

In 2018, Philippines exported $114M to Sweden. The main products exported from Philippines to Sweden were Integrated Circuits ($37.2M), Electric Heaters ($15.8M), and Raw Tobacco ($7.89M). During the last 5 years the exports of Philippines to Sweden have increased at an annualized rate of 10.8%, from $68.2M in 2023 to $114M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Sweden than Philippines included Denmark ($14.4B), Germany ($18.4B), and Norway ($10.9B).

In 2023, countries that imported more from Philippines than Sweden included Hong Kong ($11.7B), China ($19B), and Japan ($11.4B).

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

Comparative Advantage Sweden - Philippines

Flow
Scale

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

During 2023, Sweden had a large net trade with Philippines in the exports of Machines ($50.9M), Paper Goods ($47M), and Chemical Products ($43.4M).

During 2018, Philippines had a large net trade with Sweden in the exports of Machines ($78M), Foodstuffs ($14.1M), and Chemical Products ($3.84M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Philippines+$10.7MPackaged Medicaments
Top Product Potential Philippines Sweden+$41.9MIntegrated Circuits

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

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

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