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2022
Flag → Flag
Exports $947MRnk 31 / 217
2022
Flag → Flag
Top Product $143MTractors
2022
Flag → Flag
Exports $163MRnk 60 / 214
2022
Flag → Flag
Top Product $20.4MWine
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 0.076Rnk 59 / 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$406BCURRENT US$
Rnk 37 / 186
2012-2022
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GDP GROWTH-6.57%CURRENT US$
Rnk 171 / 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
2022
Flag
GDP PC$6,776CURRENT US$
Rnk 95 / 186
2012-2022
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GDP PC GROWTH-17.1%CURRENT US$
Rnk 167 / 186

About

Sweden-South Africa Trade: In 2022, Sweden exported $947M to South Africa. The main products that Sweden exported to South Africa were Tractors ($143M), Refined Petroleum ($123M), and Delivery Trucks ($65.5M). Over the past 5 years the exports of Sweden to South Africa have increased at an annualized rate of 2.13%, from $852M in 2017 to $947M in 2022.

In 2020, Sweden exported services to South Africa worth $165M, with Computer and information services ($53.7M), Other business services ($37M), and Insurance services ($17.7M) being the largest in terms of value.

South Africa-Sweden Trade: In 2022, South Africa exported $163M to Sweden. The main products that South Africa exported to Sweden were Wine ($20.4M), Coal Briquettes ($17.7M), and Large Flat-Rolled Stainless Steel ($14.1M). Over the past 5 years the exports of South Africa to Sweden have decreased at an annualized rate of 1.92%,  from $195M in 2017 to $163M in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK363M and imported SEK221M from South Africa, resulting in a positive trade balance of SEK142M. Between July 2023 and July 2024 the exports of Sweden have decreased by SEK-67.4M (-15.6%) from SEK431M to SEK363M, while imports increased by SEK120M (118%) from SEK101M to SEK221M.

Trade In July 2024, the top exports of Sweden to South Africa were Excavation Machinery (SEK49.7M), Other Construction Vehicles (SEK38.3M), Liquid Pumps (SEK33.3M), Flat Flat-Rolled Steel (SEK26.2M), and Sulfate Chemical Woodpulp (SEK22.2M). In July 2024 the top imports of Sweden from South Africa were Wine (SEK31.4M), Ferroalloys (SEK20M), Fish Fillets (SEK6.24M), Large Flat-Rolled Stainless Steel (SEK5.79M), and Pumice (SEK4.61M).

Growth In July 2024, the decrease in Sweden's year-by-year exports to South Africa was explained primarily by an decrease in product exports in Delivery Trucks (SEK-49.8M or -83.8%), Packaged Medicaments (SEK-11.3M or -45.6%), and Other Rubber Products (SEK-8.26M or -77.7%). In July 2024, the increase in Sweden's year-by-year imports  from South Africa was explained primarily by an increase in product imports  in Ferroalloys (SEK5.39M or 36.8%), Clays (SEK2.85M or 515%), and Broadcasting Accessories (SEK2.42M or 6.36k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK-67.4M(-15.6%)
IMPORT GROWTH (July 2023 - July 2024)SEK120M(118%)

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 South Africa and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore South Africa and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $947M to South Africa. The main products exported from Sweden to South Africa were Tractors ($143M), Refined Petroleum ($123M), and Delivery Trucks ($65.5M). During the last 5 years the exports of Sweden to South Africa have increased at an annualized rate of 2.13%, from $852M in 2017 to $947M in 2022.

In 2017, South Africa exported $163M to Sweden. The main products exported from South Africa to Sweden were Wine ($20.4M), Coal Briquettes ($17.7M), and Large Flat-Rolled Stainless Steel ($14.1M). During the last 5 years the exports of South Africa to Sweden have decreased at an annualized rate of 1.92%, from $195M in 2022 to $163M in 2017.

Exports from Sweden (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Sweden (Flag) (2022)

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
South Africa
Top DestinationChina$23.4B

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

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

In 2022, countries that imported more from South Africa than Sweden included China ($23.4B), India ($9.14B), and Japan ($8.85B).

Difference in imports from South Africa (Flag) and Sweden (Flag) (2022)

Comparative Advantage Sweden - South Africa

Flow
Scale

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

During 2022, Sweden had a large net trade with South Africa in the exports of Machines ($322M), Transportation ($230M), and Mineral Products ($123M).

During 2017, South Africa had a large net trade with Sweden in the exports of Metals ($42.7M), Foodstuffs ($31.1M), and Machines ($26.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden South Africa+$69.2MRefined Petroleum
Top Product Potential South Africa Sweden+$16.3MCoal Briquettes

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

Product Space of Sweden (Flag) and South Africa (Flag) (2022)

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