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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
Flag
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 3.44%,  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

August, 2024

About

Overview In August 2024, Sweden exported SEK336M and imported SEK141M from South Africa, resulting in a positive trade balance of SEK195M. Between August 2023 and August 2024 the exports of Sweden have decreased by SEK-79.5M (-19.1%) from SEK416M to SEK336M, while imports decreased by SEK-26.8M (-16%) from SEK168M to SEK141M.

Trade In August 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 August 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 August 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 August 2024, the decrease in Sweden's year-by-year imports  from South Africa was explained primarily by an decrease in product imports  in Large Flat-Rolled Stainless Steel (SEK-5.43M or -48.4%), Computers (SEK-1.77M or -98.9%), and Scrap Copper (SEK-1.16M or -65.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)SEK-79.5M(-19.1%)
IMPORT GROWTH (August 2023 - August 2024)SEK-26.8M(-16%)

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

Go to Bulk Download

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 3.44%, 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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