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2023
Flag → Flag
Exports $828MRnk 37 / 216
2023
Flag → Flag
Top Product $198MNuclear Reactors
2023
Flag → Flag
Exports $106MRnk 46 / 193
2023
Flag → Flag
Top Product $16.1MGas Turbines
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Sweden-Ukraine Trade: In 2023, Sweden exported $828M to Ukraine. The main products that Sweden exported to Ukraine were Nuclear Reactors ($198M), Refined Petroleum ($176M), and Cars ($58.6M). Over the past 5 years the exports of Sweden to Ukraine have increased at an annualized rate of 12.4%, from $462M in 2018 to $828M in 2023.

In 2001, Sweden exported services to Ukraine worth $12.8M, with Other business services ($8.28M), Communications services ($2.57M), and Computer and information services ($571k) being the largest in terms of value.

Ukraine-Sweden Trade: In 2023, Ukraine exported $106M to Sweden. The main products that Ukraine exported to Sweden were Gas Turbines ($16.1M), Seed Oils ($9.93M), and Wood Carpentry ($7.35M). Over the past 5 years the exports of Ukraine to Sweden have decreased at an annualized rate of 0.083%,  from $107M in 2018 to $106M in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK274M and imported SEK109M from Ukraine, resulting in a positive trade balance of SEK165M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-785M (-74.1%) from SEK1.06B to SEK274M, while imports increased by SEK46M (72.8%) from SEK63.2M to SEK109M.

Trade In October 2024, the top exports of Sweden to Ukraine were Cars (SEK32.2M), Commodities not elsewhere specified (SEK29.1M), Soil Preparation Machinery (SEK22.4M), Kaolin Coated Paper (SEK16.7M), and Stainless Steel Ingots (SEK16.3M). In October 2024 the top imports of Sweden from Ukraine were Railway Cargo Containers (SEK66.7M), Gas Turbines (SEK28.1M), Seed Oils (SEK7.26M), Packing Bags (SEK5.59M), and Other Cloth Articles (SEK5.56M).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Ukraine was explained primarily by an decrease in product exports in Soil Preparation Machinery (SEK-30M or -57.2%), Telephones (SEK-20.2M or -98.6%), and Prepr binder for foundry (SEK-9.18M or -98.4%). In October 2024, the increase in Sweden's year-by-year imports  from Ukraine was explained primarily by an increase in product imports  in Railway Cargo Containers (SEK16.5M or 32.8%), Gas Turbines (SEK14.4M or 105%), and Seed Oils (SEK3.75M or 107%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-785M(-74.1%)
IMPORT GROWTH (October 2023 - October 2024)SEK46M(72.8%)

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 Ukraine and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ukraine and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $828M to Ukraine. The main products exported from Sweden to Ukraine were Nuclear Reactors ($198M), Refined Petroleum ($176M), and Cars ($58.6M). During the last 5 years the exports of Sweden to Ukraine have increased at an annualized rate of 12.4%, from $462M in 2018 to $828M in 2023.

In 2018, Ukraine exported $106M to Sweden. The main products exported from Ukraine to Sweden were Gas Turbines ($16.1M), Seed Oils ($9.93M), and Wood Carpentry ($7.35M). During the last 5 years the exports of Ukraine to Sweden have decreased at an annualized rate of 0.083%, from $107M in 2023 to $106M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Sweden than Ukraine included United States ($18.1B), Germany ($18.4B), and Denmark ($14.4B).

In 2023, countries that imported more from Ukraine than Sweden included Romania ($3.56B), Moldova ($1.13B), and Bulgaria ($1.08B).

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

Comparative Advantage Sweden - Ukraine

Flow
Scale

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

During 2023, Sweden had a large net trade with Ukraine in the exports of Machines ($335M), Mineral Products ($179M), and Transportation ($88.3M).

During 2018, Ukraine had a large net trade with Sweden in the exports of Machines ($22.8M), Transportation ($13.5M), and Wood Products ($11.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Ukraine+$25.3MCars
Top Product Potential Ukraine Sweden+$7MSeed Oils

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

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

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