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2022
Flag → Flag
Exports $1.29BRnk 27 / 217
2022
Flag → Flag
Top Product $425MIron Ore
2022
Flag → Flag
Exports $110MRnk 60 / 138
2022
Flag → Flag
Top Product $45.9MPropylene Polymers
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 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$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

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 1.19%, from $1.36B in 2017 to $1.29B in 2022.

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

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.

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

May, 2024

About

Overview In May 2024, Sweden exported SEK1.47B and imported SEK577M from Saudi Arabia, resulting in a positive trade balance of SEK890M. Between May 2023 and May 2024 the exports of Sweden have increased by SEK626M (74.5%) from SEK841M to SEK1.47B, while imports increased by SEK256M (79.7%) from SEK321M to SEK577M.

Trade In May 2024, the top exports of Sweden to Saudi Arabia were Iron Ore (SEK567M), Packaged Medicaments (SEK247M), Sawn Wood (SEK70M), Kaolin Coated Paper (SEK52.3M), and Iron Pipes (SEK35.6M). In May 2024 the top imports of Sweden from Saudi Arabia were Coal Tar Oil (SEK367M), Propylene Polymers (SEK65.2M), Ethylene Polymers (SEK10.8M), Scrap Aluminium (SEK4M), and Gas Turbines (SEK1.53M).

Growth In May 2024, the increase in Sweden's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Iron Ore (SEK342M or 151%), Iron Pipes (SEK22.6M or 174%), and Kaolin Coated Paper (SEK14.9M or 39.9%). In May 2024, the increase in Sweden's year-by-year imports  from Saudi Arabia was explained primarily by an increase in product imports  in Computers (SEK198k or 1.32k%), Non-Knit Men's Shirts (SEK97k or 9.7k%), and Other Plastic Products (SEK16k or 533%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (May 2023 - May 2024)SEK626M(74.5%)
IMPORT GROWTH (May 2023 - May 2024)SEK256M(79.7%)

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 Saudi Arabia and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Saudi Arabia and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 1.19%, from $1.36B in 2017 to $1.29B in 2022.

In 2017, 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 2022 to $110M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Saudi Arabia
Top DestinationChina$68B

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

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

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

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

Comparative Advantage Sweden - Saudi Arabia

Flow
Scale

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

During 2022, Sweden had a large net trade with Saudi Arabia in the exports of Mineral Products ($425M), Chemical Products ($310M), and Machines ($141M).

During 2017, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden Saudi Arabia+$14.5MVaccines, blood, antisera, toxins and cultures
Top Product Potential Saudi Arabia Sweden+$47MRefined 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 Saudi Arabia. This means that a dot/product with the flag of Sweden indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Sweden.

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

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