Saudi Arabia (SAU) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Sweden Trade: In 2022, Saudi Arabia exported $110M to Sweden. The main products that Saudi Arabia exported to Sweden were Propylene Polymers ($45.9M), Refined Petroleum ($21M), and Ethylene Polymers ($18.7M). Over the past 5 years the exports of Saudi Arabia to Sweden have increased at an annualized rate of 1.37%, from $103M in 2017 to $110M in 2022.

In 2022, Saudi Arabia did not export any services to Sweden.

Sweden-Saudi Arabia Trade: In 2022, Sweden exported $1.29B to Saudi Arabia. The main products that Sweden exported to Saudi Arabia were Iron Ore ($425M), Packaged Medicaments ($279M), and Sawn Wood ($116M). Over the past 5 years the exports of Sweden to Saudi Arabia have decreased at an annualized rate of 0.75%, from $1.36B in 2017 to $1.29B in 2022.

In 2022, Sweden did not export any services to Saudi Arabia.

Comparison: In 2022, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). 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, Saudi Arabia exported $110M to Sweden. The main products exported from Saudi Arabia to Sweden were Propylene Polymers ($45.9M), Refined Petroleum ($21M), and Ethylene Polymers ($18.7M). During the last 5 years the exports of Saudi Arabia to Sweden have increased at an annualized rate of 1.37%, from $103M in 2017 to $110M in 2022.

In 2017, Sweden exported $1.29B to Saudi Arabia. The main products exported from Sweden to Saudi Arabia were Iron Ore ($425M), Packaged Medicaments ($279M), and Sawn Wood ($116M). During the last 5 years the exports of Sweden to Saudi Arabia have decreased at an annualized rate of 0.75%, from $1.36B in 2022 to $1.29B in 2017.

Exports from Saudi Arabia () to Sweden () (2022)

Exports from Sweden () to Saudi Arabia () (2022)

Latest Data

Trade between Saudi Arabia () and Sweden ()

Saudi Arabia Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$68B

Sweden
Top DestinationGermany$19.2B

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

In 2022, countries that imported more from Saudi Arabia than Sweden included China ($68B), India ($46.2B), and South Korea ($36B).

In 2022, countries that imported more from Sweden than Saudi Arabia included Norway ($18.7B), Germany ($19.2B), and Denmark ($14.6B).

Difference in imports from Sweden () and Saudi Arabia () (2022)

Comparative Advantage Saudi Arabia - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Saudi Arabia had a large net trade with Sweden in the exports of Plastics and Rubbers ($65.4M), Mineral Products ($38.8M), and Machines ($2.07M).

During 2017, Sweden had a large net trade with Saudi Arabia in the exports of Mineral Products ($425M), Chemical Products ($310M), and Machines ($141M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Sweden+$47MRefined Petroleum

Top Product Potential Sweden Saudi Arabia+$14.5MVaccines, blood, antisera, toxins and cultures

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

About

Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Sweden () (2022)

Exports from Sweden () to Saudi Arabia () (2022)

Latest Data

Trade between Saudi Arabia () and Sweden ()

Saudi Arabia Exports

Sweden Exports

Market Competitiveness

Difference in imports from Sweden () and Saudi Arabia () (2022)

Comparative Advantage Saudi Arabia - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Sweden () (2022)

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