Vietnam (VNM) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Vietnam-Sweden Trade: In 2023, Vietnam exported $1.32B to Sweden. The main products that Vietnam exported to Sweden were Broadcasting Equipment ($627M), Computers ($66.2M), and Textile Footwear ($47.6M). Over the past 5 years the exports of Vietnam to Sweden have increased at an annualized rate of 0.8%, from $1.27B in 2018 to $1.32B in 2023.

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

Sweden-Vietnam Trade: In 2023, Sweden exported $264M to Vietnam. The main products that Sweden exported to Vietnam were Packaged Medicaments ($60.6M), Kaolin Coated Paper ($26.6M), and Other Plastic Products ($10.3M). Over the past 5 years the exports of Sweden to Vietnam have decreased at an annualized rate of 3.17%, from $311M in 2018 to $264M in 2023.

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

Comparison: In 2023, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Vietnam exported $1.32B to Sweden. The main products exported from Vietnam to Sweden were Broadcasting Equipment ($627M), Computers ($66.2M), and Textile Footwear ($47.6M). During the last 5 years the exports of Vietnam to Sweden have increased at an annualized rate of 0.8%, from $1.27B in 2018 to $1.32B in 2023.

In 2018, Sweden exported $264M to Vietnam. The main products exported from Sweden to Vietnam were Packaged Medicaments ($60.6M), Kaolin Coated Paper ($26.6M), and Other Plastic Products ($10.3M). During the last 5 years the exports of Sweden to Vietnam have decreased at an annualized rate of 3.17%, from $311M in 2023 to $264M in 2018.

Exports from Vietnam () to Sweden () (2023)

Exports from Sweden () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Sweden ()

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$118B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from Vietnam than Sweden included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Sweden than Vietnam included Denmark ($14.4B), Norway ($10.9B), and Finland ($9.41B).

Difference in imports from Sweden () and Vietnam () (2023)

Comparative Advantage Vietnam - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Vietnam had a large net trade with Sweden in the exports of Machines ($849M), Textiles ($109M), and Footwear and Headwear ($106M).

During 2018, Sweden had a large net trade with Vietnam in the exports of Machines ($74M), Chemical Products ($74M), and Paper Goods ($48.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam Sweden+$160MTelephones

Top Product Potential Sweden Vietnam+$26.8MPackaged Medicaments

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

Year

This visualization shows the product space at the HS4 level with the flags of Vietnam and Sweden. This means that a dot/product with the flag of Vietnam indicates it has a comparative advantage over Sweden. Similarly, a dot/product with the flag of Sweden indicates it has a comparative advantage over Vietnam.

About

Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Sweden () (2023)

Exports from Sweden () to Vietnam () (2023)

Latest Data

Trade between Vietnam () and Sweden ()

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Vietnam () (2023)

Comparative Advantage Vietnam - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Sweden () (2023)

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