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2022
Flag → Flag
Exports $40.8MRnk 139 / 217
2022
Flag → Flag
Top Product $1.85MComputers
2022
Flag → Flag
Exports $337MRnk 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
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Sweden-Venezuela Trade: In 2022, Sweden exported $40.8M 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 0.068%, from $40.9M in 2017 to $40.8M 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 $337M 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 increased at an annualized rate of 21.4%,  from $127M in 2017 to $337M 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

February, 2024

About

Overview In February 2024, Sweden exported SEK151k and imported SEK1k from Venezuela, resulting in a positive trade balance of SEK150k. Between February 2023 and February 2024 the exports of Sweden have decreased by SEK-2.5M (-94.3%) from SEK2.65M to SEK151k, while imports decreased by SEK-6k (-85.7%) from SEK7k to SEK1k.

Trade In February 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 February 2024 the top imports of Sweden from Venezuela were Other Women's Undergarments (SEK1k) and Other Clocks (SEK1k).

Growth In February 2024, the decrease in Sweden's year-by-year exports to Venezuela was explained primarily by an decrease in product exports in . In February 2024, the decrease in Sweden's year-by-year imports  from Venezuela was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)SEK-2.5M(-94.3%)
IMPORT GROWTH (February 2023 - February 2024)SEK-6k(-85.7%)

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $40.8M 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 0.068%, from $40.9M in 2017 to $40.8M in 2022.

In 2017, Venezuela exported $337M 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 22 years the exports of Venezuela to Sweden have increased at an annualized rate of 21.4%, from $127M in 1995 to $337M 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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