NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $3.68MRnk 152 / 216
2023
Flag → Flag
Top Product $949kDairy Machinery
2023
Flag → Flag
Exports $641kRnk 66 / 122
2023
Flag → Flag
Top Product $508kHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.82Rnk 100 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195

About

Sweden-Venezuela Trade: In 2023, Sweden exported $3.68M to Venezuela. The main products that Sweden exported to Venezuela were Dairy Machinery ($949k), Cellulose ($854k), and Lifting Machinery ($385k). Over the past 5 years the exports of Sweden to Venezuela have decreased at an annualized rate of 0.24%, from $3.73M in 2018 to $3.68M in 2023.

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 2023, Venezuela exported $641k to Sweden. The main products that Venezuela exported to Sweden were Hard Liquor ($508k), Wood Charcoal ($77.3k), and Dried Legumes ($24.8k). Over the past 5 years the exports of Venezuela to Sweden have decreased at an annualized rate of 72%,  from $371M in 2018 to $641k in 2023.

In 2023, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Latest Trends

N/A

About

Overview In N/A, Sweden exported SEKN/A and imported SEKN/A from Venezuela, resulting in a N/A trade balance of SEKN/A. Between N/A and N/A the exports of Sweden have N/A by SEKN/A (N/A) from SEKN/A to SEKN/A, while imports N/A by SEKN/A (N/A) from SEKN/A to SEKN/A.

Trade In N/A, 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 N/A the top imports of Sweden from Venezuela were Other Women's Undergarments (SEK1k) and Other Clocks (SEK1k).

Growth In N/A, the N/A in Sweden's year-by-year exports to Venezuela was explained primarily by an decrease in product exports in . In N/A, the N/A 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

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 2023, Sweden exported $3.68M to Venezuela. The main products exported from Sweden to Venezuela were Dairy Machinery ($949k), Cellulose ($854k), and Lifting Machinery ($385k). During the last 5 years the exports of Sweden to Venezuela have decreased at an annualized rate of 0.24%, from $3.73M in 2018 to $3.68M in 2023.

In 2018, Venezuela exported $641k to Sweden. The main products exported from Venezuela to Sweden were Hard Liquor ($508k), Wood Charcoal ($77.3k), and Dried Legumes ($24.8k). During the last 5 years the exports of Venezuela to Sweden have decreased at an annualized rate of 72%, from $371M in 2023 to $641k in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Venezuela than Sweden included Lebanon ($106M) and Dominica ($10.5M).

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

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 2023, Sweden had a large net trade with Venezuela in the exports of Machines ($2.23M), Plastics and Rubbers ($1.03M), and Chemical Products ($243k).

During 2018, Venezuela had a large net trade with Sweden in the exports of Foodstuffs ($508k), Wood Products ($77.3k), and Vegetable Products ($24.8k).

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) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms