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Trade between Saudi Arabia and Sweden

In 2024, Saudi Arabia exported $395 million to Sweden and imported $1.8 billion. Saudi Arabia ran a deficit of $1.4 billion with Sweden, compared with a deficit of $1.4 billion in 2019. Sweden was Saudi Arabia’s 37th largest trading partner (0.4% of its trade), and Saudi Arabia was Sweden’s 29th (0.6%).

Summary

Saudi Arabia → Sweden
$395million
Sweden → Saudi Arabia
$1.8billion
Saudi Arabia’s balance
-$1.4billion

Balance

Saudi Arabia’s trade balance with Sweden

Trade between Saudi Arabia and Sweden grew 3-fold since 1995

USD billions (current). Saudi Arabia’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 0.4
  • Imports 1.8
  • Balance -1.4

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$186 million$547 million-$360 million
1996$128 million$473 million-$345 million
1997$36 million$350 million-$314 million
1998$87 million$514 million-$428 million
1999$115 million$513 million-$398 million
2000$141 million$757 million-$616 million
2001$152 million$679 million-$527 million
2002$25 million$851 million-$827 million
2003$39 million$906 million-$867 million
2004$95 million$949 million-$854 million
2005$67 million$1.2 billion-$1.1 billion
2006$106 million$1.4 billion-$1.3 billion
2007$92 million$1.4 billion-$1.3 billion
2008$61 million$2.1 billion-$2 billion
2009$82 million$1.8 billion-$1.7 billion
2010$220 million$1.8 billion-$1.5 billion
2011$166 million$2 billion-$1.8 billion
2012$138 million$2 billion-$1.9 billion
2013$147 million$2.3 billion-$2.1 billion
2014$153 million$1.9 billion-$1.7 billion
2015$128 million$1.5 billion-$1.4 billion
2016$118 million$1.4 billion-$1.2 billion
2017$104 million$1.3 billion-$1.2 billion
2018$140 million$1.2 billion-$1 billion
2019$112 million$1.5 billion-$1.4 billion
2020$72 million$1.6 billion-$1.6 billion
2021$93 million$2 billion-$1.9 billion
2022$124 million$2 billion-$1.8 billion
2023$340 million$1.7 billion-$1.3 billion
2024$395 million$1.8 billion-$1.4 billion

What they sell each other

What Saudi Arabia sells to Sweden

The top 10 headings in 2024, with their share of the total.

  1. Coal tar oils$318 million · 80.7%
    588 thousand tonnes
  2. Polypropylene$40 million · 10%
    43 thousand tonnes · Saudi Arabia’s destinations
  3. Polyethylene$12 million · 3.1%
    12 thousand tonnes · Saudi Arabia’s destinations
  4. Video recorders and players$4 million · 0.94%
    42 tonnes
  5. Aluminum scrap$3 million · 0.85%
    1 thousand tonnes
  6. Replacement tool heads$2 million · 0.55%
    14 tonnes
  7. 15 tonnes
  8. 2 thousand tonnes
  9. Unwrought nickel$1 million · 0.32%
    64 tonnes
  10. 544 tonnes

What Sweden sells to Saudi Arabia

The top 10 headings in 2024, with their share of the total.

  1. Iron ore$260 million · 14.3%
    1.7 million tonnes · Sweden’s destinations
  2. Direct-reduced iron$235 million · 12.9%
    1.4 million tonnes
  3. 415 tonnes · Sweden’s destinations
  4. Trucks$144 million · 7.9%
    13 thousand tonnes · Sweden’s destinations
  5. Sawn wood$107 million · 5.9%
    197 thousand tonnes · Sweden’s destinations
  6. 3 thousand tonnes
  7. Coated paper$73 million · 4%
    79 thousand tonnes
  8. Tractors$62 million · 3.4%
    8 thousand tonnes · Sweden’s destinations
  9. Other plastic articles$22 million · 1.2%
    113 tonnes
  10. 79 tonnes

How it travels

Estimated sea route from Jeddah to Gothenburg.

The estimated sea route between Jeddah and Gothenburg is 4,640 nautical miles (8,593 km) long: ≈ 10.5–14 days at sea (at 18 and 14 knots).

Passages it crosses: Suez Canal, Strait of Gibraltar and Strait of Dover.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$1.7 billion · 75.8%
  2. Air$537 million · 24.2%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Sweden was Saudi Arabia’s 37th largest trading partner (0.4% of its trade), and Saudi Arabia was Sweden’s 29th (0.6%).

Sweden in Saudi Arabia’s trade
0.4%
Sweden’s rank among Saudi Arabia’s partners
37th
Saudi Arabia in Sweden’s trade
0.6%
Saudi Arabia’s rank among Sweden’s partners
29th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.