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2022
Flag → Flag
Exports $1.63BRnk 24 / 217
2022
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Top Product $401MCars
2022
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Exports $1.9BRnk 3 / 188
2022
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Top Product $170MBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 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$38.1BCURRENT US$
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2012-2022
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GDP GROWTH65.5%CURRENT US$
Rnk 34 / 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$28,333CURRENT US$
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2012-2022
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GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186

About

Sweden-Estonia Trade: In 2022, Sweden exported $1.63B to Estonia. The main products that Sweden exported to Estonia were Cars ($401M), Refined Petroleum ($64.6M), and Delivery Trucks ($54.6M). Over the past 5 years the exports of Sweden to Estonia have increased at an annualized rate of 5.94%, from $1.22B in 2017 to $1.63B in 2022.

In 2020, Sweden exported services to Estonia worth $204M, with Other business services ($95.6M), Travel ($28.6M), and Communications services ($20.9M) being the largest in terms of value.

Estonia-Sweden Trade: In 2022, Estonia exported $1.9B to Sweden. The main products that Estonia exported to Sweden were Broadcasting Equipment ($170M), Prefabricated Buildings ($147M), and Wood Carpentry ($84.9M). Over the past 5 years the exports of Estonia to Sweden have increased at an annualized rate of 1.26%,  from $1.78B in 2017 to $1.9B in 2022.

In 2020, Estonia exported services to Sweden worth $532M, with Transportation ($156M), Other business services ($156M), and Construction services ($99.7M) 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK1.27B and imported SEK808M from Estonia, resulting in a positive trade balance of SEK460M. Between July 2023 and July 2024 the exports of Sweden have increased by SEK71M (5.93%) from SEK1.2B to SEK1.27B, while imports increased by SEK23.6M (3%) from SEK785M to SEK808M.

Trade In July 2024, the top exports of Sweden to Estonia were Cars (SEK426M), Integrated Circuits (SEK44.8M), Insulated Wire (SEK42.3M), Packaged Medicaments (SEK31M), and Delivery Trucks (SEK30.5M). In July 2024 the top imports of Sweden from Estonia were Telephones (SEK131M), Fuel Wood (SEK106M), Prefabricated Buildings (SEK72.4M), Rough Wood (SEK56.5M), and Motor vehicles; parts and accessories (8701... (SEK45.3M).

Growth In July 2024, the increase in Sweden's year-by-year exports to Estonia was explained primarily by an increase in product exports in Cars (SEK110M or 35%), Integrated Circuits (SEK20.4M or 83.9%), and Packaged Medicaments (SEK14.2M or 84.4%). In July 2024, the increase in Sweden's year-by-year imports  from Estonia was explained primarily by an increase in product imports  in Telephones (SEK41.8M or 46.8%), Fuel Wood (SEK39M or 58.5%), and Prefabricated Buildings (SEK30.9M or 74.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK71M(5.93%)
IMPORT GROWTH (July 2023 - July 2024)SEK23.6M(3%)

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 Estonia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Estonia and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $1.63B to Estonia. The main products exported from Sweden to Estonia were Cars ($401M), Refined Petroleum ($64.6M), and Delivery Trucks ($54.6M). During the last 5 years the exports of Sweden to Estonia have increased at an annualized rate of 5.94%, from $1.22B in 2017 to $1.63B in 2022.

In 2017, Estonia exported $1.9B to Sweden. The main products exported from Estonia to Sweden were Broadcasting Equipment ($170M), Prefabricated Buildings ($147M), and Wood Carpentry ($84.9M). During the last 5 years the exports of Estonia to Sweden have increased at an annualized rate of 1.26%, from $1.78B in 2022 to $1.9B in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Estonia
Top DestinationFinland$3B

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

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

In 2022, countries that imported more from Estonia than Sweden included Latvia ($2.77B), Russia ($1.38B), and Belarus ($115M).

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

Comparative Advantage Sweden - Estonia

Flow
Scale

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

During 2022, Sweden had a large net trade with Estonia in the exports of Transportation ($523M), Machines ($303M), and Metals ($162M).

During 2017, Estonia had a large net trade with Sweden in the exports of Machines ($520M), Wood Products ($343M), and Miscellaneous ($283M).

Bilateral Service Trade

In 2020, Sweden exported services to Estonia worth $204M, with Other business services ($95.6M), Travel ($28.6M), and Communications services ($20.9M) being the largest in terms of value.

In 2020, Estonia exported services to Sweden worth $532M, with Transportation ($156M), Other business services ($156M), and Construction services ($99.7M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Estonia (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 Estonia. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Estonia. Similarly, a dot/product with the flag of Estonia indicates it has a comparative advantage over Sweden.

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

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