2022
Flag  
GDP
$161BCURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 175 / 186
2022
Flag
 GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
GDP PC 
$4,534CURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP PC GROWTH
13.2%CURRENT US$
Rnk 103 / 186
2022
Flag
GDP PC
$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH
-3.73%CURRENT US$
Rnk 149 / 186

About

Ukraine-Sweden Trade: In 2022, Ukraine exported $97M to Sweden. The main products that Ukraine exported to Sweden were Wood Carpentry ($14.5M), Gas Turbines ($13.3M), and Seed Oils ($7.43M). Over the past 5 years the exports of Ukraine to Sweden have decreased at an annualized rate of 1.24%, from $103M in 2017 to $97M in 2022.

In 2022, Ukraine did not export any services to Sweden.

Sweden-Ukraine Trade: In 2022, Sweden exported $373M to Ukraine. The main products that Sweden exported to Ukraine were Nuclear Reactors ($66.4M), Cars ($26.6M), and Kaolin Coated Paper ($17.9M). Over the past 5 years the exports of Sweden to Ukraine have decreased at an annualized rate of 1.66%,  from $420M in 2017 to $373M in 2022.

In 2001, Sweden exported services to Ukraine worth $12.8M, with Other business services ($8.28M), Communications services ($2.57M), and Computer and information services ($571k) being the largest in terms of value.

Comparison: In 2022,  Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ukraine exported $97M to Sweden. The main products exported from Ukraine to Sweden were Wood Carpentry ($14.5M), Gas Turbines ($13.3M), and Seed Oils ($7.43M). During the last 5 years the exports of Ukraine to Sweden have decreased at an annualized rate of 1.24%, from $103M in 2017 to $97M in 2022.

In 2017, Sweden exported $373M to Ukraine. The main products exported from Sweden to Ukraine were Nuclear Reactors ($66.4M), Cars ($26.6M), and Kaolin Coated Paper ($17.9M). During the last 5 years the exports of Sweden to Ukraine have decreased at an annualized rate of 1.66%, from $420M in 2022 to $373M in 2017.

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

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

Latest Data

Trade between Ukraine (Flag) and Sweden (Flag)

Ukraine Exports

Sweden Exports

Market Competitiveness

Color
Ukraine
Top Destination
Poland$6.7B
Sweden
Top Destination
Germany$19.2B

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

In 2022, countries that imported more from Ukraine than Sweden included Romania ($3.94B), Hungary ($2.28B), and Bulgaria ($1.48B).

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

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

Comparative Advantage Ukraine - Sweden

Flow
Scale

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

During 2022, Ukraine had a large net trade with Sweden in the exports of Machines ($19.9M), Wood Products ($18.5M), and Textiles ($10.5M).

During 2017, Sweden had a large net trade with Ukraine in the exports of Machines ($129M), Transportation ($45.6M), and Chemical Products ($38.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ukraine Sweden+$7MSeed Oils
Top Product Potential Sweden Ukraine+$25.3MCars

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

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

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