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2022
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Exports $6.15BRnk 12 / 217
2022
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Top Product $495MNon-fillet Fresh Fish
2022
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Exports $6.56BRnk 21 / 221
2022
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Top Product $361MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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GDP$586BCURRENT US$
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2012-2022
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GDP GROWTH6.06%CURRENT US$
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2022
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 GDP$2.01TCURRENT US$
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2012-2022
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GDP GROWTH-3.67%CURRENT US$
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2022
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GDP PC $55,873CURRENT US$
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2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
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2022
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GDP PC$34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
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About

Sweden-Italy In 2022, Sweden exported $6.15B to Italy. The main products that Sweden exported to Italy are Non-fillet Fresh Fish ($495M), Refined Copper ($402M), and Packaged Medicaments ($345M). During the last 27 years the exports of Sweden to Italy have increased at an annualized rate of 2.91%, from $2.83B in 1995 to $6.15B in 2022.

In 2020, Sweden exported services to Italy worth $876M, with Computer and information services ($214M), Other business services ($184M), and Personal, cultural, and recreational services ($153M) being the largest in terms of value.

Italy-Sweden In 2022, Italy exported $6.56B to Sweden. The main products that Italy exported to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($361M), Packaged Medicaments ($327M), and Industrial Fatty Acids, Oils and Alcohols ($259M). During the last 27 years the exports of Italy to Sweden have increased at an annualized rate of 4.08%, from $2.23B in 1995 to $6.56B in 2022.

In 2020, Italy exported services to Sweden worth $1.1B, with Other business services ($720M), Communications services ($190M), and Travel ($122M) 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Latest Trends

January, 2024

About

Overview In January 2024, Sweden exported SEK5.29B and imported SEK4.13B from Italy, resulting in a positive trade balance of SEK1.16B. Between January 2023 and January 2024 the exports of Sweden have increased by SEK401M (8.2%) from SEK4.89B to SEK5.29B, while imports decreased by SEK-214M (-4.92%) from SEK4.34B to SEK4.13B.

Trade In January 2024, the top exports of Sweden to Italy were Non-fillet Fresh Fish (SEK454M), Packaged Medicaments (SEK404M), Large Flat-Rolled Stainless Steel (SEK299M), Kraft Paper (SEK196M), and Refined Copper (SEK190M). In January 2024 the top imports of Sweden from Italy were Motor vehicles; parts and accessories (8701... (SEK307M), Lifting Machinery (SEK152M), Machinery Having Individual Functions (SEK135M), Vaccines, blood, antisera, toxins and cultures (SEK133M), and Wine (SEK94.8M).

Growth In January 2024, the increase in Sweden's year-by-year exports to Italy was explained primarily by an increase in product exports in Large Flat-Rolled Stainless Steel (SEK140M or 88.3%), Non-fillet Fresh Fish (SEK105M or 30.2%), and Combustion Engines (SEK99.7M or 177%). In January 2024, the decrease in Sweden's year-by-year imports  from Italy was explained primarily by an decrease in product imports  in Packaged Medicaments (SEK-104M or -55.5%), Coated Flat-Rolled Iron (SEK-51.6M or -97.9%), and Telephones (SEK-43.1M or -90.9%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)SEK401M(8.2%)
IMPORT GROWTH (January 2023 - January 2024)SEK-214M(-4.92%)

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 Italy and Sweden trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $6.15B to Italy. The main products exported from Sweden to Italy were Non-fillet Fresh Fish ($495M), Refined Copper ($402M), and Packaged Medicaments ($345M). During the last 27 years the exports of Sweden to Italy have increased at an annualized rate of 2.91%, from $2.83B in 1995 to $6.15B in 2022.

In 2022, Italy exported $6.56B to Sweden. The main products exported from Italy to Sweden were Motor vehicles; parts and accessories (8701 to 8705) ($361M), Packaged Medicaments ($327M), and Industrial Fatty Acids, Oils and Alcohols ($259M). During the last 27 years the exports of Italy to Sweden have increased at an annualized rate of 4.08%, from $2.23B in 1995 to $6.56B in 2022.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Italy
Top DestinationGermany$78.5B

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

In 2021, countries that imported more from Sweden than Italy were Norway ($18.7B), Finland ($13.4B), and Denmark ($14.6B).

In 2021, countries that imported more from Italy than Sweden were Germany ($78.5B), France ($63.8B), and United States ($68.2B).

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

Comparative Advantage Sweden - Italy

Flow
Scale

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

During 2022, Sweden had a large net trade with Italy in the exports of Machines ($1.43B), Metals ($1.37B), and Paper Goods ($825M).

During 2022, Italy had a large net trade with Sweden in the exports of Machines ($1.87B), Metals ($877M), and Chemical Products ($830M).

Service Trade

Bilateral Service Trade

In 2020, Sweden exported services to Italy worth $876M, with Computer and information services ($214M), Other business services ($184M), and Personal, cultural, and recreational services ($153M) being the largest in terms of value.

In 2020, Italy exported services to Sweden worth $1.1B, with Other business services ($720M), Communications services ($190M), and Travel ($122M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Sweden has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Sweden.

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

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