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2022
Flag → Flag
Exports $1BRnk 29 / 217
2022
Flag → Flag
Top Product $203MDried/Salted/Smoked/Brined Fish
2022
Flag → Flag
Exports $1.03BRnk 13 / 208
2022
Flag → Flag
Top Product $78.9MCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
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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$252BCURRENT US$
Rnk 49 / 186
2012-2022
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GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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$24,275CURRENT US$
Rnk 46 / 186
2012-2022
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GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Sweden-Portugal Trade: In 2022, Sweden exported $1B to Portugal. The main products that Sweden exported to Portugal were Dried/Salted/Smoked/Brined Fish ($203M), Packaged Medicaments ($103M), and Non-fillet Fresh Fish ($61.4M). Over the past 5 years the exports of Sweden to Portugal have increased at an annualized rate of 5.49%, from $766M in 2017 to $1B in 2022.

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 2022, Portugal exported $1.03B to Sweden. The main products that Portugal exported to Sweden were Copper Ore ($78.9M), Cars ($69.2M), and Other Engines ($58.7M). Over the past 5 years the exports of Portugal to Sweden have increased at an annualized rate of 6.55%,  from $581M in 2017 to $1.03B in 2022.

In 2020, Portugal exported services to Sweden worth $90.2M, with Travel ($90.2M) 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK535M and imported SEK733M from Portugal, resulting in a negative trade balance of SEK197M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-80.7M (-13.1%) from SEK616M to SEK535M, while imports decreased by SEK-119M (-14%) from SEK852M to SEK733M.

Trade In August 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 August 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 August 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 August 2024, the decrease in Sweden's year-by-year imports  from Portugal was explained primarily by an decrease in product imports  in Knit Socks and Hosiery (SEK-11.2M or -95.3%), Packaged Medicaments (SEK-5.34M or -55.8%), and Other Small Iron Pipes (SEK-5.24M or -37.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-80.7M(-13.1%)
IMPORT GROWTH (August 2023 - August 2024)SEK-119M(-14%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1B to Portugal. The main products exported from Sweden to Portugal were Dried/Salted/Smoked/Brined Fish ($203M), Packaged Medicaments ($103M), and Non-fillet Fresh Fish ($61.4M). During the last 5 years the exports of Sweden to Portugal have increased at an annualized rate of 5.49%, from $766M in 2017 to $1B in 2022.

In 2017, Portugal exported $1.03B to Sweden. The main products exported from Portugal to Sweden were Copper Ore ($78.9M), Cars ($69.2M), and Other Engines ($58.7M). During the last 5 years the exports of Portugal to Sweden have increased at an annualized rate of 6.55%, from $581M in 2022 to $1.03B in 2017.

Exports from Sweden (Flag) to Portugal (Flag) (2022)

Exports from Portugal (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Portugal
Top DestinationSpain$20.5B

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 2022, countries that imported more from Sweden than Portugal included Norway ($18.7B), Denmark ($14.6B), and Finland ($13.4B).

In 2022, countries that imported more from Portugal than Sweden included Spain ($20.5B), France ($9.49B), and Angola ($1.59B).

Difference in imports from Portugal (Flag) and Sweden (Flag) (2022)

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 2022, Sweden had a large net trade with Portugal in the exports of Animal Products ($275M), Machines ($183M), and Chemical Products ($151M).

During 2017, Portugal had a large net trade with Sweden in the exports of Machines ($237M), Transportation ($117M), and Textiles ($116M).

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) (2022)

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