Sweden-Ireland Bilateral Trade Analysis 2023
Complete trade statistics: $2.05B total volume •Sweden deficit: $2.05B
Sweden → Ireland
$0
Exports (2023)
Ireland → Sweden
$2.05B
Imports (2023)
Trade Balance
$2.05B
Deficit for Sweden
Total Trade
$2.05B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sweden and Ireland. Green line shows exports from Sweden, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Sweden-Ireland commercial relationship and competitive positioning in global markets.
Sweden → Ireland Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sweden's export portfolio to Ireland demonstrates strategic specialization, with blood, human or animal, antisera, other blood fractions and immunological products: immunological products, mixed, put up in measured doses or in forms or packings for retail sale representing a key competitive advantage in this bilateral market.
Ireland → Sweden Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sweden's import pattern from Ireland reveals significant dependencyin games: video game consoles and machines, other than those of subheading 9504.30, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Sweden demonstrates competitive strength in exportingblood, human or animal, antisera, other blood fractions and immunological products: immunological products, mixed, put up in measured doses or in forms or packings for retail sale to Ireland, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $2.05B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sweden-Ireland Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $2.05 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Sweden maintains a deficit of $2.05 billion
- Export Focus: Sweden's primary exports include blood, human or animal, antisera, other blood fractions and immunological products: immunological products, mixed, put up in measured doses or in forms or packings for retail sale, vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, capable of being charged by plugging to external source of electric power, fish: fresh or chilled, atlantic salmon (salmo salar) and danube salmon (hucho hucho), excluding fillets, fish meat of 0304, and edible fish offal of subheadings 0302.91 to 0302.99
- Import Dependencies: Key imports from Ireland include games: video game consoles and machines, other than those of subheading 9504.30, telephones for cellular networks or for other wireless networks, automatic data processing machines: portable, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $2.05B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Sweden leveraging its comparative advantages in blood, human or animal, antisera, other blood fractions and immunological products: immunological products, mixed, put up in measured doses or in forms or packings for retail sale.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Sweden's specialization in blood, human or animal, antisera, other blood fractions and immunological products: immunological products, mixed, put up in measured doses or in forms or packings for retail salecomplements Ireland's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in games: video game consoles and machines, other than those of subheading 9504.30.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $2.05B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $2.05B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $2.05 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in blood, human or animal, antisera, other blood fractions and immunological products: immunological products, mixed, put up in measured doses or in forms or packings for retail sale and games: video game consoles and machines, other than those of subheading 9504.30 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sweden's trade deficit of $2.05 billion impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Sweden and Ireland represents a total trade volume of $2.05 billion in 2023. This partnership demonstrates an unfavorable trade balance for Sweden, with imports exceeding exportsby $2.05 billion.
Export Strengths
Sweden's exports to Ireland total $0.00, with competitive advantages in blood, human or animal, antisera, other blood fractions and immunological products: immunological products, mixed, put up in measured doses or in forms or packings for retail sale, representing $91.61M orInfinity% of bilateral exports.
Import Dependencies
Imports from Ireland amount to $2.05 billion, highlighting economic interdependence in games: video game consoles and machines, other than those of subheading 9504.30, with Games: video game consoles and machines, other than those of subheading 9504.30 comprising15.2% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Sweden's strategic sourcing from Ireland. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Sweden and Ireland in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023