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Trade between Singapore and Sweden

In 2024, Singapore exported $137 million to Sweden and imported $1.3 billion. Singapore ran a deficit of $1.2 billion with Sweden, compared with a deficit of $885 million in 2019. Sweden was Singapore’s 43rd largest trading partner (0.2% of its trade), and Singapore was Sweden’s 36th (0.4%).

Summary

Singapore → Sweden
$137million
Sweden → Singapore
$1.3billion
Singapore’s balance
-$1.2billion

Balance

Singapore’s trade balance with Sweden

Trade between Singapore and Sweden grew 79% since 1995

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

  • Exports 0.1
  • Imports 1.3
  • Balance -1.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$173 million$637 million-$463 million
1996$165 million$762 million-$597 million
1997$154 million$928 million-$773 million
1998$154 million$600 million-$446 million
1999$127 million$614 million-$487 million
2000$140 million$597 million-$457 million
2001$112 million$564 million-$452 million
2002$128 million$610 million-$482 million
2003$89 million$798 million-$709 million
2004$113 million$848 million-$735 million
2005$174 million$767 million-$593 million
2006$190 million$928 million-$738 million
2007$187 million$974 million-$786 million
2008$183 million$1.1 billion-$917 million
2009$176 million$990 million-$814 million
2010$155 million$1.2 billion-$1 billion
2011$251 million$1.2 billion-$962 million
2012$106 million$1.2 billion-$1.1 billion
2013$72 million$1.1 billion-$998 million
2014$131 million$959 million-$828 million
2015$162 million$1 billion-$877 million
2016$132 million$856 million-$724 million
2017$147 million$1 billion-$890 million
2018$196 million$1 billion-$837 million
2019$184 million$1.1 billion-$885 million
2020$163 million$1.1 billion-$918 million
2021$137 million$1.5 billion-$1.3 billion
2022$125 million$1.5 billion-$1.3 billion
2023$107 million$1.3 billion-$1.2 billion
2024$137 million$1.3 billion-$1.2 billion

What they sell each other

What Singapore sells to Sweden

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

  1. Sulfates and alums$42 million · 30.6%
    9 thousand tonnes
  2. Ion-exchange resins$21 million · 15.4%
    47 tonnes
  3. Physical and chemical analysis instruments$9 million · 6.4%
    52 tonnes
  4. Microchips$6 million · 4.4%
    6 tonnes · Singapore’s destinations
  5. Vaccines, blood and antisera$4 million · 2.7%
    3 tonnes · Singapore’s destinations
  6. Aircraft parts$3 million · 2.1%
    4 tonnes
  7. Carbon black and other carbon$3 million · 2%
    296 tonnes
  8. Printed circuit boards$3 million · 1.8%
    32 tonnes
  9. Chemically modified fats and oils$2 million · 1.8%
    2 thousand tonnes
  10. Discs and storage media$2 million · 1.5%
    10 tonnes

What Sweden sells to Singapore

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

  1. Refined petroleum$132 million · 10%
    156 thousand tonnes · Sweden’s destinations
  2. Iron ore$101 million · 7.7%
    1.1 million tonnes · Sweden’s destinations
  3. Turbojets and gas turbines$91 million · 6.9%
    200 tonnes · Sweden’s destinations
  4. Physical and chemical analysis instruments$85 million · 6.5%
    243 tonnes
  5. Medicines in measured doses or retail packs$71 million · 5.4%
    68 tonnes · Sweden’s destinations
  6. Natural polymers$62 million · 4.7%
    48 tonnes
  7. Vaccines, blood and antisera$45 million · 3.4%
    30 tonnes · Sweden’s destinations
  8. Ion-exchange resins$43 million · 3.3%
    57 tonnes
  9. Auto parts$41 million · 3.2%
    2 thousand tonnes · Sweden’s destinations
  10. Centrifuges and filters$38 million · 2.9%
    342 tonnes

How it travels

Estimated sea route from Singapore to Gothenburg.

The estimated sea route between Singapore and Gothenburg is 12,472 nautical miles (23,099 km) long: ≈ 29–37 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Malacca and Singapore, the Cape of Good Hope and the Strait of Dover (12,472 nautical miles); and 15% via the Strait of Malacca and Singapore, the Bab-el-Mandeb Strait, the Suez Canal, the Strait of Gibraltar and the Strait of Dover (9,020 nautical miles).

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$679 million · 46.8%
  2. Air$772 million · 53.2%

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

How much each matters to the other

Sweden was Singapore’s 43rd largest trading partner (0.2% of its trade), and Singapore was Sweden’s 36th (0.4%).

Sweden in Singapore’s trade
0.2%
Sweden’s rank among Singapore’s partners
43rd
Singapore in Sweden’s trade
0.4%
Singapore’s rank among Sweden’s partners
36th

Compare with

Other partners of Singapore

Other partners of Sweden

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.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.