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2023
Flag → Flag
Exports $792MRnk 39 / 216
2023
Flag → Flag
Top Product $261MGas Turbines
2023
Flag → Flag
Exports $521MRnk 49 / 216
2023
Flag → Flag
Top Product $44.6MAir Conditioners
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
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Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
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GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 195
2023
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GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
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GDP PC$7,182CURRENT US$
Rnk 102 / 196
2013-2023
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GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Sweden-Thailand Trade: In 2023, Sweden exported $792M to Thailand. The main products that Sweden exported to Thailand were Gas Turbines ($261M), Kaolin Coated Paper ($44.3M), and Packaged Medicaments ($34M). Over the past 5 years the exports of Sweden to Thailand have increased at an annualized rate of 6.53%, from $577M in 2018 to $792M in 2023.

In 2020, Sweden exported services to Thailand worth $209M, with Other business services ($82.1M), Computer and information services ($49.1M), and Personal, cultural, and recreational services ($27.2M) being the largest in terms of value.

Thailand-Sweden Trade: In 2023, Thailand exported $521M to Sweden. The main products that Thailand exported to Sweden were Air Conditioners ($44.6M), Audio Alarms ($41.5M), and Refrigerators ($41.3M). Over the past 5 years the exports of Thailand to Sweden have decreased at an annualized rate of 0.97%,  from $547M in 2018 to $521M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK404M and imported SEK446M from Thailand, resulting in a negative trade balance of SEK41.4M. Between October 2023 and October 2024 the exports of Sweden have increased by SEK21.8M (5.7%) from SEK382M to SEK404M, while imports increased by SEK51.5M (13.1%) from SEK394M to SEK446M.

Trade In October 2024, the top exports of Sweden to Thailand were Gas Turbines (SEK63.8M), Kaolin Coated Paper (SEK51.2M), Integrated Circuits (SEK18.5M), Packaged Medicaments (SEK15.5M), and Sulfate Chemical Woodpulp (SEK15.3M). In October 2024 the top imports of Sweden from Thailand were Refrigerators (SEK73.7M), Air Conditioners (SEK47.3M), Air Pumps (SEK40.7M), Audio Alarms (SEK35.1M), and Rubber Tires (SEK25.6M).

Growth In October 2024, the increase in Sweden's year-by-year exports to Thailand was explained primarily by an increase in product exports in Integrated Circuits (SEK12.2M or 194%), Packaged Medicaments (SEK7.87M or 103%), and Scrap Aluminium (SEK7.75M or 2.74k%). In October 2024, the increase in Sweden's year-by-year imports  from Thailand was explained primarily by an increase in product imports  in Refrigerators (SEK56.4M or 326%), Air Conditioners (SEK25.7M or 119%), and Rubber Tires (SEK22.7M or 782%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK21.8M(5.7%)
IMPORT GROWTH (October 2023 - October 2024)SEK51.5M(13.1%)

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 Thailand and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Thailand and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $792M to Thailand. The main products exported from Sweden to Thailand were Gas Turbines ($261M), Kaolin Coated Paper ($44.3M), and Packaged Medicaments ($34M). During the last 5 years the exports of Sweden to Thailand have increased at an annualized rate of 6.53%, from $577M in 2018 to $792M in 2023.

In 2018, Thailand exported $521M to Sweden. The main products exported from Thailand to Sweden were Air Conditioners ($44.6M), Audio Alarms ($41.5M), and Refrigerators ($41.3M). During the last 5 years the exports of Thailand to Sweden have decreased at an annualized rate of 0.97%, from $547M in 2023 to $521M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Thailand
Top DestinationUnited States$58.5B

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

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

In 2023, countries that imported more from Thailand than Sweden included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage Sweden - Thailand

Flow
Scale

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

During 2023, Sweden had a large net trade with Thailand in the exports of Machines ($422M), Paper Goods ($95.4M), and Metals ($74.9M).

During 2018, Thailand had a large net trade with Sweden in the exports of Machines ($277M), Foodstuffs ($56.2M), and Transportation ($49.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Thailand+$26MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Thailand Sweden+$43.1MTelephones

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

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

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