2023
Flag  
GDP
$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH
-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
 GDP
$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH
0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC 
$5,070CURRENT US$
Rnk 122 / 195
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 95 / 195
2023
Flag
GDP PC
$55,517CURRENT US$
Rnk 19 / 196
2013-2023
Flag
GDP PC GROWTH
-8.76%CURRENT US$
Rnk 165 / 195

About

Ukraine-Sweden Trade: In 2023, Ukraine exported $106M to Sweden. The main products that Ukraine exported to Sweden were Gas Turbines ($16.1M), Seed Oils ($9.93M), and Wood Carpentry ($7.35M). Over the past 5 years the exports of Ukraine to Sweden have decreased at an annualized rate of 0.083%, from $107M in 2018 to $106M in 2023.

In 2023, Ukraine did not export any services to Sweden.

Sweden-Ukraine Trade: In 2023, Sweden exported $828M to Ukraine. The main products that Sweden exported to Ukraine were Nuclear Reactors ($198M), Refined Petroleum ($176M), and Cars ($58.6M). Over the past 5 years the exports of Sweden to Ukraine have increased at an annualized rate of 12.4%,  from $462M in 2018 to $828M in 2023.

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 2023,  Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ukraine exported $106M to Sweden. The main products exported from Ukraine to Sweden were Gas Turbines ($16.1M), Seed Oils ($9.93M), and Wood Carpentry ($7.35M). During the last 5 years the exports of Ukraine to Sweden have decreased at an annualized rate of 0.083%, from $107M in 2018 to $106M in 2023.

In 2018, Sweden exported $828M to Ukraine. The main products exported from Sweden to Ukraine were Nuclear Reactors ($198M), Refined Petroleum ($176M), and Cars ($58.6M). During the last 5 years the exports of Sweden to Ukraine have increased at an annualized rate of 12.4%, from $462M in 2023 to $828M in 2018.

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

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

Latest Data

Trade between Ukraine (Flag) and Sweden (Flag)

Ukraine Exports

Sweden Exports

Market Competitiveness

Color
Ukraine
Top Destination
Poland$4.83B
Sweden
Top Destination
Germany$18.4B

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 2023, countries that imported more from Ukraine than Sweden included Romania ($3.56B), Moldova ($1.13B), and Bulgaria ($1.08B).

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

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

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 2023, Ukraine had a large net trade with Sweden in the exports of Machines ($22.8M), Transportation ($13.5M), and Wood Products ($11.4M).

During 2018, Sweden had a large net trade with Ukraine in the exports of Machines ($335M), Mineral Products ($179M), and Transportation ($88.3M).

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) (2023)

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