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2022
Flag → Flag
Exports $1.44BRnk 26 / 217
2022
Flag → Flag
Top Product $223MChemical Analysis Instruments
2022
Flag → Flag
Exports $126MRnk 74 / 215
2022
Flag → Flag
Top Product $10.5MIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.68Rnk 6 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$467BCURRENT US$
Rnk 33 / 186
2012-2022
Flag
GDP GROWTH58.2%CURRENT US$
Rnk 42 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$82,808CURRENT US$
Rnk 7 / 186
2012-2022
Flag
GDP PC GROWTH49.1%CURRENT US$
Rnk 37 / 186

About

Sweden-Singapore Trade: In 2022, Sweden exported $1.44B to Singapore. The main products that Sweden exported to Singapore were Chemical Analysis Instruments ($223M), Vaccines, blood, antisera, toxins and cultures ($174M), and Iron Ore ($154M). Over the past 5 years the exports of Sweden to Singapore have increased at an annualized rate of 10.2%, from $889M in 2017 to $1.44B in 2022.

In 2020, Sweden exported services to Singapore worth $373M, with Other business services ($189M), Communications services ($52M), and Personal, cultural, and recreational services ($42.8M) being the largest in terms of value.

Singapore-Sweden Trade: In 2022, Singapore exported $126M to Sweden. The main products that Singapore exported to Sweden were Integrated Circuits ($10.5M), Navigation Equipment ($10.2M), and Carbon ($8.88M). Over the past 5 years the exports of Singapore to Sweden have decreased at an annualized rate of 3.4%,  from $150M in 2017 to $126M in 2022.

In 2022, Singapore did not export any services to Sweden.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Latest Trends

June, 2024

About

Overview In June 2024, Sweden exported SEK846M and imported SEK170M from Singapore, resulting in a positive trade balance of SEK676M. Between June 2023 and June 2024 the exports of Sweden have decreased by SEK-472M (-35.8%) from SEK1.32B to SEK846M, while imports decreased by SEK-98M (-36.6%) from SEK268M to SEK170M.

Trade In June 2024, the top exports of Sweden to Singapore were Iron Ore (SEK132M), Chemical Analysis Instruments (SEK130M), Natural Polymers (SEK64.3M), Polymer Ion-Exchangers (SEK49.1M), and Vaccines, blood, antisera, toxins and cultures (SEK46.9M). In June 2024 the top imports of Sweden from Singapore were Integrated Circuits (SEK14.7M), Computers (SEK13.5M), Motor vehicles; parts and accessories (8701... (SEK8.96M), Chemical Analysis Instruments (SEK7.42M), and Carbon (SEK5.33M).

Growth In June 2024, the decrease in Sweden's year-by-year exports to Singapore was explained primarily by an decrease in product exports in Vaccines, blood, antisera, toxins and cultures (SEK-178M or -79.2%), Polymer Ion-Exchangers (SEK-110M or -69.2%), and Natural Polymers (SEK-39.8M or -38.2%). In June 2024, the decrease in Sweden's year-by-year imports  from Singapore was explained primarily by an decrease in product imports  in Integrated Circuits (SEK-25.9M or -63.9%), Navigation Equipment (SEK-20.5M or -99.7%), and Computers (SEK-17.7M or -56.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)SEK-472M(-35.8%)
IMPORT GROWTH (June 2023 - June 2024)SEK-98M(-36.6%)

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 Singapore and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Singapore and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1.44B to Singapore. The main products exported from Sweden to Singapore were Chemical Analysis Instruments ($223M), Vaccines, blood, antisera, toxins and cultures ($174M), and Iron Ore ($154M). During the last 5 years the exports of Sweden to Singapore have increased at an annualized rate of 10.2%, from $889M in 2017 to $1.44B in 2022.

In 2017, Singapore exported $126M to Sweden. The main products exported from Singapore to Sweden were Integrated Circuits ($10.5M), Navigation Equipment ($10.2M), and Carbon ($8.88M). During the last 5 years the exports of Singapore to Sweden have decreased at an annualized rate of 3.4%, from $150M in 2022 to $126M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Singapore
Top DestinationHong Kong$51.6B

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

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

In 2022, countries that imported more from Singapore than Sweden included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Sweden - Singapore

Flow
Scale

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

During 2022, Sweden had a large net trade with Singapore in the exports of Machines ($295M), Instruments ($257M), and Plastics and Rubbers ($233M).

During 2017, Singapore had a large net trade with Sweden in the exports of Machines ($57.3M), Chemical Products ($19.6M), and Instruments ($18.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Singapore+$55MRefined Petroleum
Top Product Potential Singapore Sweden+$18.9MIntegrated 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 Singapore. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Singapore. Similarly, a dot/product with the flag of Singapore indicates it has a comparative advantage over Sweden.

Product Space of Sweden (Flag) and Singapore (Flag) (2022)

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