2022
Flag  
GDP
$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH
6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP
$291BCURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP GROWTH
39.3%CURRENT US$
Rnk 83 / 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
$27,638CURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP PC GROWTH
39.1%CURRENT US$
Rnk 51 / 186

About

Sweden-Czechia Trade: In 2022, Sweden exported $1.73B to Czechia. The main products that Sweden exported to Czechia were Cars ($126M), Iron Pipes ($79M), and Motor vehicles; parts and accessories (8701 to 8705) ($48.5M). Over the past 5 years the exports of Sweden to Czechia have increased at an annualized rate of 5.76%, from $1.31B in 2017 to $1.73B in 2022.

In 2020, Sweden exported services to Czechia worth $232M, with Other business services ($70.9M), Personal, cultural, and recreational services ($53M), and Computer and information services ($46.6M) being the largest in terms of value.

Czechia-Sweden Trade: In 2022, Czechia exported $3.75B to Sweden. The main products that Czechia exported to Sweden were Cars ($613M), Motor vehicles; parts and accessories (8701 to 8705) ($375M), and Computers ($254M). Over the past 5 years the exports of Czechia to Sweden have increased at an annualized rate of 1.76%,  from $2.79B in 2017 to $3.75B in 2022.

In 2019, Czechia exported services to Sweden worth $347M, with Transportation ($139M), Travel ($77.6M), and Other business services ($45.9M) 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, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1.73B to Czechia. The main products exported from Sweden to Czechia were Cars ($126M), Iron Pipes ($79M), and Motor vehicles; parts and accessories (8701 to 8705) ($48.5M). During the last 5 years the exports of Sweden to Czechia have increased at an annualized rate of 5.76%, from $1.31B in 2017 to $1.73B in 2022.

In 2017, Czechia exported $3.75B to Sweden. The main products exported from Czechia to Sweden were Cars ($613M), Motor vehicles; parts and accessories (8701 to 8705) ($375M), and Computers ($254M). During the last 5 years the exports of Czechia to Sweden have increased at an annualized rate of 1.76%, from $2.79B in 2022 to $3.75B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top Destination
Germany$19.2B
Czechia
Top Destination
Germany$75.3B

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

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

In 2022, countries that imported more from Czechia than Sweden included Germany ($75.3B), Slovakia ($19.7B), and Austria ($10.9B).

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

Comparative Advantage Sweden - Czechia

Flow
Scale

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

During 2022, Sweden had a large net trade with Czechia in the exports of Metals ($491M), Machines ($379M), and Transportation ($251M).

During 2017, Czechia had a large net trade with Sweden in the exports of Machines ($1.36B), Transportation ($1.02B), and Metals ($394M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Czechia+$60.2MCars
Top Product Potential Czechia Sweden+$148MCars

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 Czechia worth $232M, with Other business services ($70.9M), Personal, cultural, and recreational services ($53M), and Computer and information services ($46.6M) being the largest in terms of value.

In 2019, Czechia exported services to Sweden worth $347M, with Transportation ($139M), Travel ($77.6M), and Other business services ($45.9M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Czechia (Flag) to Sweden (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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