Sweden-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $4.21B total volume •Sweden surplus: $910.66M
Sweden → Türkiye
$2.56B
Exports (2023)
Türkiye → Sweden
$1.65B
Imports (2023)
Trade Balance
$910.66M
Surplus for Sweden
Total Trade
$4.21B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Sweden and Türkiye. 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-Türkiye commercial relationship and competitive positioning in global markets.
Sweden → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Sweden's export portfolio to Türkiye demonstrates strategic specialization, with iron ores and concentrates: agglomerated (excluding roasted iron pyrites) representing a key competitive advantage in this bilateral market.
Türkiye → Sweden Imports
Import Dependency Profile
📦 Import Strategy Analysis
Sweden's import pattern from Türkiye reveals significant dependencyin vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Sweden demonstrates competitive strength in exportingiron ores and concentrates: agglomerated (excluding roasted iron pyrites) to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $4.21B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Sweden-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $4.21 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Sweden maintains a surplus of $910.66 million
- Export Focus: Sweden's primary exports include iron ores and concentrates: agglomerated (excluding roasted iron pyrites), vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity over 1500 but not over 2500cc, ferrous waste and scrap: n.e.c. in heading no. 7204
- Import Dependencies: Key imports from Türkiye include vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power, vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), for transport of goods, (of a gvw not exceeding 5 tonnes), n.e.c. in item no 8704.1, chromium ores and concentrates
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 $4.21B 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 iron ores and concentrates: agglomerated (excluding roasted iron pyrites).
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 iron ores and concentrates: agglomerated (excluding roasted iron pyrites)complements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $4.21B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $4.21B 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 $4.21 billion bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in iron ores and concentrates: agglomerated (excluding roasted iron pyrites) and vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Sweden's trade surplus of $910.66 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 Türkiye represents a total trade volume of $4.21 billion in 2023. This partnership demonstrates a favorable trade balance for Sweden, with exports exceeding importsby $910.66 million.
Export Strengths
Sweden's exports to Türkiye total $2.56 billion, with competitive advantages in iron ores and concentrates: agglomerated (excluding roasted iron pyrites), representing $222.95M or8.7% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $1.65 billion, highlighting economic interdependence in vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power, with Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power comprising6.4% 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 Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023