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2022
Flag → Flag
Exports $1.93BRnk 17 / 217
2022
Flag → Flag
Top Product $306MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $2.1BRnk 18 / 217
2022
Flag → Flag
Top Product $96.6MCarbides
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 1.5Rnk 8 / 133
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$471BCURRENT US$
Rnk 32 / 186
2012-2022
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GDP GROWTH15.1%CURRENT US$
Rnk 137 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
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GDP PC$52,131CURRENT US$
Rnk 17 / 186
2012-2022
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GDP PC GROWTH7.34%CURRENT US$
Rnk 124 / 186

About

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.

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 2.43%,  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.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK1.85B and imported SEK1.33B from Austria, resulting in a positive trade balance of SEK523M. Between July 2023 and July 2024 the exports of Sweden have increased by SEK467M (33.7%) from SEK1.38B to SEK1.85B, while imports increased by SEK30.9M (2.38%) from SEK1.3B to SEK1.33B.

Trade In July 2024, the top exports of Sweden to Austria were Vaccines, blood, antisera, toxins and cultures (SEK424M), Iron Ore (SEK168M), Cars (SEK123M), Packaged Medicaments (SEK118M), and Motor vehicles; parts and accessories (8701... (SEK76M). In July 2024 the top imports of Sweden from Austria were Ethylene Polymers (SEK121M), Flavored Water (SEK76.7M), Vaccines, blood, antisera, toxins and cultures (SEK65.6M), Carbides (SEK65.6M), and Ball Bearings (SEK43.4M).

Growth In July 2024, the increase in Sweden's year-by-year exports to Austria was explained primarily by an increase in product exports in Iron Ore (SEK168M or 580k%), Vaccines, blood, antisera, toxins and cultures (SEK122M or 40.3%), and Cars (SEK52.9M or 75.2%). In July 2024, the increase in Sweden's year-by-year imports  from Austria was explained primarily by an increase in product imports  in Vaccines, blood, antisera, toxins and cultures (SEK39.9M or 155%), Flavored Water (SEK37.1M or 93.8%), and Lifting Machinery (SEK26.3M or 1.36k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK467M(33.7%)
IMPORT GROWTH (July 2023 - July 2024)SEK30.9M(2.38%)

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 Austria and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Austria and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $1.93B in 2022.

In 2017, 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 2.43%, from $1.82B in 2022 to $2.1B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Austria
Top DestinationGermany$57.7B

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

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

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

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

Comparative Advantage Sweden - Austria

Flow
Scale

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

During 2022, Sweden had a large net trade with Austria in the exports of Chemical Products ($487M), Machines ($364M), and Paper Goods ($265M).

During 2017, Austria had a large net trade with Sweden in the exports of Machines ($642M), Metals ($439M), and Chemical Products ($270M).

Potential Exports

Potential Exports

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

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, 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.

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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