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2023
Flag → Flag
Exports $1.14BRnk 28 / 216
2023
Flag → Flag
Top Product $153MDried/Salted/Smoked/Brined Fish
2023
Flag → Flag
Exports $963MRnk 17 / 211
2023
Flag → Flag
Top Product $109MCopper Ore
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Sweden-Portugal Trade: In 2023, Sweden exported $1.14B to Portugal. The main products that Sweden exported to Portugal were Dried/Salted/Smoked/Brined Fish ($153M), Packaged Medicaments ($129M), and Cars ($100M). Over the past 5 years the exports of Sweden to Portugal have increased at an annualized rate of 4.91%, from $897M in 2018 to $1.14B in 2023.

In 2020, Sweden exported services to Portugal worth $168M, with Other business services ($54.1M), Computer and information services ($46M), and Personal, cultural, and recreational services ($29.2M) being the largest in terms of value.

Portugal-Sweden Trade: In 2023, Portugal exported $963M to Sweden. The main products that Portugal exported to Sweden were Copper Ore ($109M), Other Engines ($82.1M), and Revolution Counters ($67.9M). Over the past 5 years the exports of Portugal to Sweden have increased at an annualized rate of 5.03%,  from $754M in 2018 to $963M in 2023.

In 2020, Portugal exported services to Sweden worth $90.2M, with Travel ($90.2M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK616M and imported SEK983M from Portugal, resulting in a negative trade balance of SEK367M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-213M (-25.7%) from SEK829M to SEK616M, while imports increased by SEK29.2M (3.06%) from SEK954M to SEK983M.

Trade In October 2024, the top exports of Sweden to Portugal were Cars (SEK88.9M), Packaged Medicaments (SEK67.7M), Dried/Salted/Smoked/Brined Fish (SEK65.5M), Telephones (SEK51.8M), and Non-fillet Fresh Fish (SEK38.7M). In October 2024 the top imports of Sweden from Portugal were Radio Receivers (SEK122M), Other Engines (SEK95.5M), Revolution Counters (SEK65.7M), Sulfate Chemical Woodpulp (SEK35M), and Motor vehicles; parts and accessories (8701... (SEK26.8M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Portugal was explained primarily by an decrease in product exports in Sulfate Chemical Woodpulp (SEK-20.1M or -81.5%), Non-fillet Fresh Fish (SEK-10.9M or -21.9%), and Non-fillet Frozen Fish (SEK-4.42M or -94.1%). In October 2024, the increase in Sweden's year-by-year imports  from Portugal was explained primarily by an increase in product imports  in Other Engines (SEK94M or 6.41k%), Radio Receivers (SEK64.1M or 110%), and Revolution Counters (SEK10.2M or 18.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-213M(-25.7%)
IMPORT GROWTH (October 2023 - October 2024)SEK29.2M(3.06%)

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 Portugal and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Portugal and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $1.14B to Portugal. The main products exported from Sweden to Portugal were Dried/Salted/Smoked/Brined Fish ($153M), Packaged Medicaments ($129M), and Cars ($100M). During the last 5 years the exports of Sweden to Portugal have increased at an annualized rate of 4.91%, from $897M in 2018 to $1.14B in 2023.

In 2018, Portugal exported $963M to Sweden. The main products exported from Portugal to Sweden were Copper Ore ($109M), Other Engines ($82.1M), and Revolution Counters ($67.9M). During the last 5 years the exports of Portugal to Sweden have increased at an annualized rate of 5.03%, from $754M in 2023 to $963M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Sweden than Portugal included Denmark ($14.4B), United States ($18.1B), and Norway ($10.9B).

In 2023, countries that imported more from Portugal than Sweden included Spain ($17.7B), Angola ($1.64B), and Morocco ($1.65B).

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

Comparative Advantage Sweden - Portugal

Flow
Scale

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

During 2023, Sweden had a large net trade with Portugal in the exports of Animal Products ($225M), Machines ($209M), and Transportation ($196M).

During 2018, Portugal had a large net trade with Sweden in the exports of Machines ($249M), Mineral Products ($121M), and Transportation ($97.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Portugal+$38.1MCars
Top Product Potential Portugal Sweden+$40.7MCars

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 Portugal worth $168M, with Other business services ($54.1M), Computer and information services ($46M), and Personal, cultural, and recreational services ($29.2M) being the largest in terms of value.

In 2020, Portugal exported services to Sweden worth $90.2M, with Travel ($90.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Sweden (Flag) to Portugal (Flag) (2020)

Services Exports from Portugal (Flag) to Sweden (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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