Sweden-Portugal Bilateral Trade Analysis 2023
Complete trade statistics: $2.12B total volume •Sweden surplus: $118.84M
Sweden → Portugal
$1.12B
Exports (2023)
Portugal → Sweden
$1.00B
Imports (2023)
Trade Balance
$118.84M
Surplus for Sweden
Total Trade
$2.12B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sweden and Portugal. 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-Portugal commercial relationship and competitive positioning in global markets.
Sweden → Portugal Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sweden's export portfolio to Portugal demonstrates strategic specialization, with medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale representing a key competitive advantage in this bilateral market.
Portugal → Sweden Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sweden's import pattern from Portugal reveals strategic sourcingin copper ores and concentrates, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Sweden demonstrates competitive strength in exportingmedicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale to Portugal, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $2.12B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sweden-Portugal Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $2.12 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Sweden maintains a surplus of $118.84 million
- Export Focus: Sweden's primary exports include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, fish: dried, whether or not salted but not smoked, other than edible fish offal, cod (gadus morhua, gadus ogac, gadus macrocephalus), 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
- Import Dependencies: Key imports from Portugal include copper ores and concentrates, engines: parts, for engines and motors of heading no. 8412, meters: speed indicators and tachometers: stroboscopes
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 $2.12B 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 medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged 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 medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail salecomplements Portugal's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in copper ores and concentrates.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $2.12B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $2.12B 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 $2.12 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale and copper ores and concentrates demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sweden's trade surplus of $118.84 million strengthens 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 Portugal represents a total trade volume of $2.12 billion in 2023. This partnership demonstrates a favorable trade balance for Sweden, with exports exceeding importsby $118.84 million.
Export Strengths
Sweden's exports to Portugal total $1.12 billion, with competitive advantages in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, representing $118.39M or10.6% of bilateral exports.
Import Dependencies
Imports from Portugal amount to $1.00 billion, highlighting economic interdependence in copper ores and concentrates, with Copper ores and concentrates comprising11.1% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Sweden's competitive position in this bilateral relationship. 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 Portugal in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023