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2022
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Exports $571MRnk 41 / 217
2022
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Top Product $30.7MCars
2022
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Exports $1.43BRnk 16 / 203
2022
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Top Product $422MCars
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 1.32Rnk 15 / 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$115BCURRENT US$
Rnk 61 / 186
2012-2022
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GDP GROWTH22%CURRENT US$
Rnk 117 / 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$21,258CURRENT US$
Rnk 48 / 186
2012-2022
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GDP PC GROWTH21.5%CURRENT US$
Rnk 80 / 186

About

Sweden-Slovakia Trade: In 2022, Sweden exported $571M to Slovakia. The main products that Sweden exported to Slovakia were Cars ($30.7M), Reaction and Catalytic Products ($30.3M), and Newsprint ($27.6M). Over the past 5 years the exports of Sweden to Slovakia have increased at an annualized rate of 5.18%, from $444M in 2017 to $571M in 2022.

In 2020, Sweden exported services to Slovakia worth $132M, with Other business services ($40.3M), Construction services ($39.5M), and Computer and information services ($19.4M) being the largest in terms of value.

Slovakia-Sweden Trade: In 2022, Slovakia exported $1.43B to Sweden. The main products that Slovakia exported to Sweden were Cars ($422M), Video Displays ($211M), and Electrical Lighting and Signalling Equipment ($68.5M). Over the past 5 years the exports of Slovakia to Sweden have increased at an annualized rate of 2.03%,  from $1.19B in 2017 to $1.43B in 2022.

In 2020, Slovakia exported services to Sweden worth $91M, with Other business services ($29.8M), Construction services ($25.9M), and Transportation ($16.3M) 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, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Latest Trends

August, 2024

About

Overview In August 2024, Sweden exported SEK350M and imported SEK1.08B from Slovakia, resulting in a negative trade balance of SEK726M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-55.5M (-13.7%) from SEK406M to SEK350M, while imports decreased by SEK-76.3M (-6.62%) from SEK1.15B to SEK1.08B.

Trade In August 2024, the top exports of Sweden to Slovakia were Cars (SEK42.1M), Reaction and Catalytic Products (SEK27.5M), Uncoated Paper (SEK24.4M), Sulfate Chemical Woodpulp (SEK18M), and Flat Flat-Rolled Steel (SEK17.3M). In August 2024 the top imports of Sweden from Slovakia were Cars (SEK246M), Video Displays (SEK146M), Motor vehicles; parts and accessories (8701... (SEK62.4M), Electrical Lighting and Signalling Equipment (SEK60M), and Excavation Machinery (SEK49.5M).

Growth In August 2024, the decrease in Sweden's year-by-year exports to Slovakia was explained primarily by an decrease in product exports in Hot-Rolled Iron (SEK-6.34M or -90.4%), Blank Audio Media (SEK-4.21M or -96.2%), and Other Zinc Products (SEK-3.54M or -44.8%). In August 2024, the decrease in Sweden's year-by-year imports  from Slovakia was explained primarily by an decrease in product imports  in Electric Batteries (SEK-8.94M or -100%), Other Furniture (SEK-5.14M or -19%), and Telephones (SEK-3.99M or -93.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-55.5M(-13.7%)
IMPORT GROWTH (August 2023 - August 2024)SEK-76.3M(-6.62%)

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 Slovakia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Slovakia and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $571M to Slovakia. The main products exported from Sweden to Slovakia were Cars ($30.7M), Reaction and Catalytic Products ($30.3M), and Newsprint ($27.6M). During the last 5 years the exports of Sweden to Slovakia have increased at an annualized rate of 5.18%, from $444M in 2017 to $571M in 2022.

In 2017, Slovakia exported $1.43B to Sweden. The main products exported from Slovakia to Sweden were Cars ($422M), Video Displays ($211M), and Electrical Lighting and Signalling Equipment ($68.5M). During the last 5 years the exports of Slovakia to Sweden have increased at an annualized rate of 2.03%, from $1.19B in 2022 to $1.43B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Slovakia
Top DestinationGermany$22.2B

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

In 2022, countries that imported more from Sweden than Slovakia included Norway ($18.7B), Denmark ($14.6B), and United States ($17.8B).

In 2022, countries that imported more from Slovakia than Sweden included Czechia ($12.6B), Hungary ($9.79B), and Austria ($5.81B).

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

Comparative Advantage Sweden - Slovakia

Flow
Scale

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

During 2022, Sweden had a large net trade with Slovakia in the exports of Metals ($125M), Machines ($99.7M), and Transportation ($71.8M).

During 2017, Slovakia had a large net trade with Sweden in the exports of Machines ($558M), Transportation ($499M), and Metals ($108M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Slovakia+$27.8MCars
Top Product Potential Slovakia Sweden+$128MCars

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 Slovakia worth $132M, with Other business services ($40.3M), Construction services ($39.5M), and Computer and information services ($19.4M) being the largest in terms of value.

In 2020, Slovakia exported services to Sweden worth $91M, with Other business services ($29.8M), Construction services ($25.9M), and Transportation ($16.3M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Slovakia (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 Slovakia. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Slovakia. Similarly, a dot/product with the flag of Slovakia indicates it has a comparative advantage over Sweden.

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

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