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

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Vietnam-Sweden Trade: In 2022, Vietnam exported $1.55B to Sweden. The main products that Vietnam exported to Sweden were Broadcasting Equipment ($654M), Iron Structures ($98.9M), and Textile Footwear ($67.7M). Over the past 5 years the exports of Vietnam to Sweden have increased at an annualized rate of 6.27%, from $1.15B in 2017 to $1.55B in 2022.

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

Sweden-Vietnam Trade: In 2022, Sweden exported $268M to Vietnam. The main products that Sweden exported to Vietnam were Packaged Medicaments ($48.6M), Kraft Paper ($15.3M), and Kaolin Coated Paper ($12.3M). Over the past 5 years the exports of Sweden to Vietnam have decreased at an annualized rate of 6.71%, from $380M in 2017 to $268M in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Vietnam exported $1.55B to Sweden. The main products exported from Vietnam to Sweden were Broadcasting Equipment ($654M), Iron Structures ($98.9M), and Textile Footwear ($67.7M). During the last 5 years the exports of Vietnam to Sweden have increased at an annualized rate of 6.27%, from $1.15B in 2017 to $1.55B in 2022.

In 2017, Sweden exported $268M to Vietnam. The main products exported from Sweden to Vietnam were Packaged Medicaments ($48.6M), Kraft Paper ($15.3M), and Kaolin Coated Paper ($12.3M). During the last 5 years the exports of Sweden to Vietnam have decreased at an annualized rate of 6.71%, from $380M in 2022 to $268M in 2017.

Exports from Vietnam () to Sweden () (2022)

Exports from Sweden () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Sweden ()

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Sweden
Top DestinationGermany$19.2B

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 2022, countries that imported more from Vietnam than Sweden included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Difference in imports from Sweden () and Vietnam () (2022)

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 2022, Vietnam had a large net trade with Sweden in the exports of Machines ($829M), Metals ($159M), and Textiles ($147M).

During 2017, Sweden had a large net trade with Vietnam in the exports of Machines ($75.8M), Chemical Products ($61.8M), and Paper Goods ($37M).

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 () (2022)

Exports from Sweden () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Sweden ()

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Vietnam () (2022)

Comparative Advantage Vietnam - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Vietnam () and Sweden () (2022)

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