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2022
Flag → Flag
Exports $751MRnk 37 / 217
2022
Flag → Flag
Top Product $180MGas Turbines
2022
Flag → Flag
Exports $604MRnk 45 / 218
2022
Flag → Flag
Top Product $62.1MAir Conditioners
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Sweden-Thailand Trade: In 2022, Sweden exported $751M to Thailand. The main products that Sweden exported to Thailand were Gas Turbines ($180M), Vaccines, blood, antisera, toxins and cultures ($92M), and Kaolin Coated Paper ($49.8M). Over the past 5 years the exports of Sweden to Thailand have increased at an annualized rate of 4.05%, from $616M in 2017 to $751M in 2022.

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 2022, Thailand exported $604M to Sweden. The main products that Thailand exported to Sweden were Air Conditioners ($62.1M), Refrigerators ($40M), and Audio Alarms ($30.5M). Over the past 5 years the exports of Thailand to Sweden have increased at an annualized rate of 2.41%,  from $536M in 2017 to $604M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK420M and imported SEK276M from Thailand, resulting in a positive trade balance of SEK145M. Between July 2023 and July 2024 the exports of Sweden have decreased by SEK-38M (-8.29%) from SEK458M to SEK420M, while imports decreased by SEK-103M (-27.2%) from SEK379M to SEK276M.

Trade In July 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 July 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 July 2024, the decrease in Sweden's year-by-year exports to Thailand was explained primarily by an decrease in product exports in Gas Turbines (SEK-37.1M or -36.8%), Industrial Food Preperation Machinery (SEK-18.4M or -99.8%), and Other Heating Machinery (SEK-4.3M or -91.7%). In July 2024, the decrease in Sweden's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Sauces and Seasonings (SEK-23.1M or -64.4%), Other Edible Preparations (SEK-12.3M or -57.2%), and Other Processed Fruits and Nuts (SEK-10.9M or -71%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK-38M(-8.29%)
IMPORT GROWTH (July 2023 - July 2024)SEK-103M(-27.2%)

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

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $751M to Thailand. The main products exported from Sweden to Thailand were Gas Turbines ($180M), Vaccines, blood, antisera, toxins and cultures ($92M), and Kaolin Coated Paper ($49.8M). During the last 5 years the exports of Sweden to Thailand have increased at an annualized rate of 4.05%, from $616M in 2017 to $751M in 2022.

In 2017, Thailand exported $604M to Sweden. The main products exported from Thailand to Sweden were Air Conditioners ($62.1M), Refrigerators ($40M), and Audio Alarms ($30.5M). During the last 5 years the exports of Thailand to Sweden have increased at an annualized rate of 2.41%, from $536M in 2022 to $604M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Thailand
Top DestinationUnited States$53.4B

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

In 2022, countries that imported more from Thailand than Sweden included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

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 2022, Sweden had a large net trade with Thailand in the exports of Machines ($388M), Chemical Products ($126M), and Paper Goods ($93.7M).

During 2017, Thailand had a large net trade with Sweden in the exports of Machines ($329M), Foodstuffs ($73M), and Plastics and Rubbers ($41.8M).

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) (2022)

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