2022
Flag  
GDP
$471BCURRENT US$
Rnk 32 / 186
2012-2022
Flag
GDP GROWTH
15.1%CURRENT US$
Rnk 137 / 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 
$52,131CURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP PC GROWTH
7.34%CURRENT US$
Rnk 124 / 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

Austria-Sweden Trade: In 2022, Austria exported $2.1B to Sweden. The main products that Austria exported to Sweden were Carbides ($96.6M), Flavored Water ($77M), and Vaccines, blood, antisera, toxins and cultures ($72.6M). Over the past 5 years the exports of Austria to Sweden have increased at an annualized rate of 2.93%, from $1.82B in 2017 to $2.1B in 2022.

In 2020, Austria exported services to Sweden worth $835M, with Transportation ($370M), Other business services ($203M), and Travel ($119M) being the largest in terms of value.

Sweden-Austria Trade: In 2022, Sweden exported $1.93B to Austria. The main products that Sweden exported to Austria were Vaccines, blood, antisera, toxins and cultures ($306M), Packaged Medicaments ($108M), and Cars ($84.5M). Over the past 5 years the exports of Sweden to Austria have increased at an annualized rate of 5.47%,  from $1.48B in 2017 to $1.93B in 2022.

In 2020, Sweden exported services to Austria worth $664M, with Travel ($170M), Royalties and license fees ($146M), and Transportation ($105M) being the largest in terms of value.

Comparison: In 2022,  Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). 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, Austria exported $2.1B to Sweden. The main products exported from Austria to Sweden were Carbides ($96.6M), Flavored Water ($77M), and Vaccines, blood, antisera, toxins and cultures ($72.6M). During the last 5 years the exports of Austria to Sweden have increased at an annualized rate of 2.93%, from $1.82B in 2017 to $2.1B in 2022.

In 2017, Sweden exported $1.93B to Austria. The main products exported from Sweden to Austria were Vaccines, blood, antisera, toxins and cultures ($306M), Packaged Medicaments ($108M), and Cars ($84.5M). During the last 5 years the exports of Sweden to Austria have increased at an annualized rate of 5.47%, from $1.48B in 2022 to $1.93B in 2017.

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

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

Latest Data

Trade between Austria (Flag) and Sweden (Flag)

Austria Exports

Sweden Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$57.7B
Sweden
Top Destination
Germany$19.2B

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

In 2022, countries that imported more from Austria than Sweden included Germany ($57.7B), Switzerland ($11.2B), and Hungary ($10.4B).

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

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

Comparative Advantage Austria - Sweden

Flow
Scale

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

During 2022, Austria had a large net trade with Sweden in the exports of Machines ($642M), Metals ($439M), and Chemical Products ($270M).

During 2017, Sweden had a large net trade with Austria in the exports of Chemical Products ($487M), Machines ($364M), and Paper Goods ($265M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Sweden+$45.7MCars
Top Product Potential Sweden Austria+$70.7MCars

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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Bilateral Service Trade

In 2020, Austria exported services to Sweden worth $835M, with Transportation ($370M), Other business services ($203M), and Travel ($119M) being the largest in terms of value.

In 2020, Sweden exported services to Austria worth $664M, with Travel ($170M), Royalties and license fees ($146M), and Transportation ($105M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria (Flag) to Sweden (Flag) (2020)

Services Exports from Sweden (Flag) to Austria (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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