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2022
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Exports $2.04BRnk 16 / 217
2022
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Top Product $295MIron Ore
2022
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Exports $1.75BRnk 37 / 219
2022
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Top Product $200MCars
2022
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Economic Complexity (ECI) ECI 1.5Rnk 7 / 124
2022
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Economic Complexity (ECI) ECI 0.59Rnk 39 / 124
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$906BCURRENT US$
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2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 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$10,616CURRENT US$
Rnk 75 / 186
2012-2022
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GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Sweden-Turkey In 2022, Sweden exported $2.04B to Turkey. The main products that Sweden exported to Turkey are Iron Ore ($295M), Cars ($185M), and Kaolin Coated Paper ($142M). During the last 27 years the exports of Sweden to Turkey have increased at an annualized rate of 5.29%, from $506M in 1995 to $2.04B in 2022.

In 2020, Sweden exported services to Turkey worth $191M, with Personal, cultural, and recreational services ($60.1M), Computer and information services ($45.8M), and Transportation ($31.1M) being the largest in terms of value.

Turkey-Sweden In 2022, Turkey exported $1.75B to Sweden. The main products that Turkey exported to Sweden were Cars ($200M), Iron Structures ($71.6M), and Chromium Ore ($66.2M). During the last 27 years the exports of Turkey to Sweden have increased at an annualized rate of 10.6%, from $116M in 1995 to $1.75B in 2022.

In 2009, Turkey exported services to Sweden worth $275M, with Travel ($272M) and Other business services ($3.1M) being the largest in terms of value.

Comparison In 2022,  Sweden ranked 7 in the Economic Complexity Index (ECI 1.5), and 33 in total exports ($194B). That same year, Turkey ranked 39 in the Economic Complexity Index (ECI 0.59), and 29 in total exports ($262B).

Latest Trends

December, 2023

About

Overview In December 2023, Sweden exported SEK1.67B and imported SEK1.13B from Turkey, resulting in a positive trade balance of SEK541M. Between December 2022 and December 2023 the exports of Sweden have decreased by SEK-488M (-22.7%) from SEK2.16B to SEK1.67B, while imports increased by SEK10.7M (0.96%) from SEK1.12B to SEK1.13B.

Trade In December 2023, the top exports of Sweden to Turkey were Iron Ore (SEK249M), Scrap Iron (SEK247M), Cars (SEK201M), Raw Aluminium (SEK189M), and Sulfate Chemical Woodpulp (SEK117M). In December 2023 the top imports of Sweden from Turkey were Refrigerators (SEK67.8M), Delivery Trucks (SEK52.9M), Other Large Iron Pipes (SEK50.6M), Cars (SEK48.2M), and Household Washing Machines (SEK40.1M).

Growth In December 2023, the decrease in Sweden's year-by-year exports to Turkey was explained primarily by an decrease in product exports in Papermaking Machines (SEK-30.6M or -88.3%), Vinyl Chloride Polymers (SEK-22.2M or -40%), and Kraft Paper (SEK-13.3M or -24.3%). In December 2023, the increase in Sweden's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Delivery Trucks (SEK46.8M or 765%), Cars (SEK43.6M or 956%), and Borates (SEK27.7M or 1.12k%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)SEK-488M(-22.7%)
IMPORT GROWTH (December 2022 - December 2023)SEK10.7M(0.96%)

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 Turkey and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Sweden exported $2.04B to Turkey. The main products exported from Sweden to Turkey were Iron Ore ($295M), Cars ($185M), and Kaolin Coated Paper ($142M). During the last 27 years the exports of Sweden to Turkey have increased at an annualized rate of 5.29%, from $506M in 1995 to $2.04B in 2022.

In 2022, Turkey exported $1.75B to Sweden. The main products exported from Turkey to Sweden were Cars ($200M), Iron Structures ($71.6M), and Chromium Ore ($66.2M). During the last 27 years the exports of Turkey to Sweden have increased at an annualized rate of 10.6%, from $116M in 1995 to $1.75B in 2022.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
Turkey
Top DestinationGermany$21.9B

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

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

In 2021, countries that imported more from Turkey than Sweden were Iraq ($13.7B), Russia ($9.24B), and Romania ($7.88B).

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

Comparative Advantage Sweden - Turkey

Flow
Scale

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

During 2022, Sweden had a large net trade with Turkey in the exports of Machines ($380M), Metals ($365M), and Paper Goods ($349M).

During 2022, Turkey had a large net trade with Sweden in the exports of Machines ($366M), Textiles ($347M), and Transportation ($325M).

Service Trade

Bilateral Service Trade

Tur Year

In 2020, Sweden exported services to Turkey worth $191M, with Personal, cultural, and recreational services ($60.1M), Computer and information services ($45.8M), and Transportation ($31.1M) being the largest in terms of value.

In 2009, Turkey exported services to Sweden worth $275M, with Travel ($272M) and Other business services ($3.1M) being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Turkey (Flag) to Sweden (Flag) (2009)

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 Turkey. Similarly, the more yellow a dot/product is, the more Turkey has comparative advantage over Sweden.

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

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