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Pricing

2022
Flag → Flag
Exports $133MRnk 69 / 217
2022
Flag → Flag
Top Product $61.4MConcentrated Milk
2022
Flag → Flag
Exports $24.7MRnk 70 / 171
2022
Flag → Flag
Top Product $14.4MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.19Rnk 75 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP GROWTH31.2%CURRENT US$
Rnk 97 / 186
2022
Flag
GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$25,057CURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP PC GROWTH1.35%CURRENT US$
Rnk 136 / 186

About

Sweden-Oman Trade: In 2022, Sweden exported $133M to Oman. The main products that Sweden exported to Oman were Concentrated Milk ($61.4M), Tractors ($21.8M), and Malt Extract ($14.3M). Over the past 5 years the exports of Sweden to Oman have increased at an annualized rate of 2.78%, from $116M in 2017 to $133M in 2022.

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

Oman-Sweden Trade: In 2022, Oman exported $24.7M to Sweden. The main products that Oman exported to Sweden were Refined Petroleum ($14.4M), Aluminium Wire ($4.65M), and Cars ($2.07M). Over the past 5 years the exports of Oman to Sweden have increased at an annualized rate of 72.3%,  from $1.63M in 2017 to $24.7M in 2022.

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

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Latest Trends

May, 2024

About

Overview In May 2024, Sweden exported SEK189M and imported SEK9.45M from Oman, resulting in a positive trade balance of SEK180M. Between May 2023 and May 2024 the exports of Sweden have increased by SEK52.1M (38%) from SEK137M to SEK189M, while imports decreased by SEK-4.68M (-33.1%) from SEK14.1M to SEK9.45M.

Trade In May 2024, the top exports of Sweden to Oman were Concentrated Milk (SEK114M), Nitrogenous Fertilizers (SEK8.63M), Electric Batteries (SEK5.43M), Telephones (SEK2.11M), and Chemical Analysis Instruments (SEK1.28M). In May 2024 the top imports of Sweden from Oman were Telephones (SEK132k), Electric Batteries (SEK11k), Perfumes (SEK7k), Industrial Printers (SEK6k), and Gravel and Crushed Stone (SEK1k).

Growth In May 2024, the increase in Sweden's year-by-year exports to Oman was explained primarily by an increase in product exports in Concentrated Milk (SEK31.9M or 39%), Nitrogenous Fertilizers (SEK7.21M or 506%), and Electric Batteries (SEK4.01M or 284%). In May 2024, the decrease in Sweden's year-by-year imports  from Oman was explained primarily by an decrease in product imports  in Telephones (SEK-322k or -70.9%) and Perfumes (SEK-5k or -41.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (May 2023 - May 2024)SEK52.1M(38%)
IMPORT GROWTH (May 2023 - May 2024)SEK-4.68M(-33.1%)

This section shows exports and imports data at subnational level for Sweden. Click any date in the line plot or any product to explore the exports or imports behavior of Sweden over time.

To check Oman and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Oman and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $133M to Oman. The main products exported from Sweden to Oman were Concentrated Milk ($61.4M), Tractors ($21.8M), and Malt Extract ($14.3M). During the last 5 years the exports of Sweden to Oman have increased at an annualized rate of 2.78%, from $116M in 2017 to $133M in 2022.

In 2017, Oman exported $24.7M to Sweden. The main products exported from Oman to Sweden were Refined Petroleum ($14.4M), Aluminium Wire ($4.65M), and Cars ($2.07M). During the last 5 years the exports of Oman to Sweden have increased at an annualized rate of 72.3%, from $1.63M in 2022 to $24.7M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Oman
Top DestinationChina$30.4B

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

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

In 2022, countries that imported more from Oman than Sweden included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

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

Comparative Advantage Sweden - Oman

Flow
Scale

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

During 2022, Sweden had a large net trade with Oman in the exports of Animal Products ($61.4M), Transportation ($23.1M), and Machines ($21.8M).

During 2017, Oman had a large net trade with Sweden in the exports of Mineral Products ($14.4M), Metals ($4.98M), and Transportation ($2.09M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Oman+$2.71MPackaged Medicaments
Top Product Potential Oman Sweden+$17.4MRefined Petroleum

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

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

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