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Pricing

2022
Flag → Flag
Exports $8.4MRnk 139 / 217
2022
Flag → Flag
Top Product $1.85MComputers
2022
Flag → Flag
Exports $1.26MRnk 59 / 126
2022
Flag → Flag
Top Product $1.15MHard Liquor
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
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 PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Sweden-Venezuela Trade: In 2022, Sweden exported $8.4M to Venezuela. The main products that Sweden exported to Venezuela were Computers ($1.85M), Cellulose ($1.73M), and Broadcasting Equipment ($1.07M). Over the past 5 years the exports of Sweden to Venezuela have decreased at an annualized rate of 27.1%, from $40.8M in 2017 to $8.4M in 2022.

In 2020, Sweden exported services to Venezuela worth $16.7M, with Computer and information services ($14.6M), Personal, cultural, and recreational services ($1.14M), and Government services, n.i.e. ($800k) being the largest in terms of value.

Venezuela-Sweden Trade: In 2022, Venezuela exported $1.26M to Sweden. The main products that Venezuela exported to Sweden were Hard Liquor ($1.15M), Wood Charcoal ($66.8k), and Other Iron Products ($17.9k). Over the past 5 years the exports of Venezuela to Sweden have decreased at an annualized rate of 67.3%,  from $337M in 2017 to $1.26M in 2022.

In 2022, Venezuela 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, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK2.12M and imported SEK59k from Venezuela, resulting in a positive trade balance of SEK2.06M. Between July 2023 and July 2024 the exports of Sweden have increased by SEK64k (3.11%) from SEK2.06M to SEK2.12M, while imports decreased by SEK-361k (-86%) from SEK420k to SEK59k.

Trade In July 2024, the top exports of Sweden to Venezuela were Cellulose (SEK2.76M), Telephones (SEK392k), Insulated Wire (SEK123k), Electrical Control Boards (SEK72k), and Other Rubber Products (SEK70k). In July 2024 the top imports of Sweden from Venezuela were Other Women's Undergarments (SEK1k) and Other Clocks (SEK1k).

Growth In July 2024, the increase in Sweden's year-by-year exports to Venezuela was explained primarily by an increase in product exports in Cellulose (SEK223k or 8.8%) and Other Rubber Products (SEK59k or 536%). In May 2024, the decrease in Sweden's year-by-year imports  from Venezuela was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK64k(3.11%)
IMPORT GROWTH (May 2023 - May 2024)SEK-361k(-86%)

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 Venezuela and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Venezuela and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $8.4M to Venezuela. The main products exported from Sweden to Venezuela were Computers ($1.85M), Cellulose ($1.73M), and Broadcasting Equipment ($1.07M). During the last 5 years the exports of Sweden to Venezuela have decreased at an annualized rate of 27.1%, from $40.8M in 2017 to $8.4M in 2022.

In 2017, Venezuela exported $1.26M to Sweden. The main products exported from Venezuela to Sweden were Hard Liquor ($1.15M), Wood Charcoal ($66.8k), and Other Iron Products ($17.9k). During the last 5 years the exports of Venezuela to Sweden have decreased at an annualized rate of 67.3%, from $337M in 2022 to $1.26M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Venezuela
Top DestinationChina$703M

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

In 2022, countries that imported more from Sweden than Venezuela included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2022, countries that imported more from Venezuela than Sweden included Lebanon ($150M), Montenegro ($75.9M), and Guatemala ($84.5M).

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

Comparative Advantage Sweden - Venezuela

Flow
Scale

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

During 2022, Sweden had a large net trade with Venezuela in the exports of Machines ($5.26M), Plastics and Rubbers ($2.36M), and Foodstuffs ($216k).

During 2017, Venezuela had a large net trade with Sweden in the exports of Foodstuffs ($1.15M), Wood Products ($66.8k), and Metals ($17.9k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Sweden and Venezuela. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Venezuela. Similarly, a dot/product with the flag of Venezuela indicates it has a comparative advantage over Sweden.

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

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