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Trade between Sweden and Taiwan

In 2024, Sweden exported $742 million to Taiwan and imported $828 million. Sweden ran a deficit of $87 million with Taiwan, compared with a deficit of $66 million in 2019. Taiwan was Sweden’s 32nd largest trading partner (0.4% of its trade), and Sweden was Taiwan’s 38th (0.2%).

Summary

Sweden → Taiwan
$742million
Taiwan → Sweden
$828million
Sweden’s balance
-$87million

Balance

Sweden’s trade balance with Taiwan

Trade between Sweden and Taiwan grew 51% since 1995

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

  • Exports 0.7
  • Imports 0.8
  • Balance -0.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$582 million$456 million$126 million
1996$543 million$482 million$61 million
1997$840 million$509 million$331 million
1998$729 million$536 million$194 million
1999$719 million$554 million$165 million
2000$814 million$607 million$207 million
2001$637 million$468 million$170 million
2002$513 million$472 million$41 million
2003$625 million$503 million$122 million
2004$722 million$561 million$161 million
2005$562 million$627 million-$64 million
2006$580 million$680 million-$99 million
2007$539 million$787 million-$248 million
2008$554 million$927 million-$372 million
2009$406 million$631 million-$225 million
2010$514 million$910 million-$396 million
2011$719 million$884 million-$165 million
2012$540 million$1.1 billion-$560 million
2013$606 million$910 million-$304 million
2014$571 million$850 million-$279 million
2015$499 million$753 million-$254 million
2016$525 million$726 million-$201 million
2017$604 million$790 million-$187 million
2018$719 million$748 million-$29 million
2019$691 million$757 million-$66 million
2020$709 million$713 million-$4 million
2021$884 million$960 million-$76 million
2022$1 billion$1.1 billion-$135 million
2023$944 million$955 million-$11 million
2024$742 million$828 million-$87 million

What they sell each other

What Sweden sells to Taiwan

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

  1. Cars$155 million · 20.9%
    8 thousand tonnes · Sweden’s destinations
  2. Medicines in measured doses or retail packs$89 million · 12%
    733 tonnes · Sweden’s destinations
  3. Auto parts$34 million · 4.5%
    3 thousand tonnes · Sweden’s destinations
  4. Turbojets and gas turbines$31 million · 4.2%
    230 tonnes · Sweden’s destinations
  5. Other industrial machines$26 million · 3.5%
    169 tonnes
  6. Diesel engines$17 million · 2.3%
    808 tonnes
  7. Vehicle bodies and cabs$15 million · 2.1%
    490 tonnes
  8. Iron and steel powder and shot$14 million · 1.9%
    8 thousand tonnes
  9. Stainless steel ingots and semi-finished products$13 million · 1.7%
    3 thousand tonnes
  10. Sawn wood$12 million · 1.6%
    26 thousand tonnes · Sweden’s destinations

What Taiwan sells to Sweden

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

  1. Microchips$126 million · 15.3%
    88 tonnes · Taiwan’s destinations
  2. Screws, bolts and nuts$80 million · 9.6%
    19 thousand tonnes
  3. Cameras and broadcast equipment$66 million · 8%
    253 tonnes
  4. Computers$45 million · 5.4%
    234 tonnes · Taiwan’s destinations
  5. Coated flat steel$37 million · 4.4%
    37 thousand tonnes
  6. Computer and office machine parts$32 million · 3.9%
    423 tonnes
  7. Nickel powder$18 million · 2.1%
    1 thousand tonnes
  8. Sports equipment$14 million · 1.7%
    2 thousand tonnes
  9. Medical and dental instruments$13 million · 1.6%
    281 tonnes · Taiwan’s destinations
  10. Wrenches and sockets$13 million · 1.5%
    921 tonnes

How it travels

Estimated sea route from Gothenburg to Kaohsiung.

The estimated sea route between Gothenburg and Kaohsiung is 14,092 nautical miles (26,098 km) long: ≈ 32.5–42 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Dover, the Cape of Good Hope and the Strait of Malacca and Singapore (14,092 nautical miles); and 15% via the Strait of Dover, the Strait of Gibraltar, the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (10,656 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$883 million · 56.3%
  2. Air$687 million · 43.7%

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

How much each matters to the other

Taiwan was Sweden’s 32nd largest trading partner (0.4% of its trade), and Sweden was Taiwan’s 38th (0.2%).

Taiwan in Sweden’s trade
0.4%
Taiwan’s rank among Sweden’s partners
32nd
Sweden in Taiwan’s trade
0.2%
Sweden’s rank among Taiwan’s partners
38th

Compare with

Other partners of Sweden

Other partners of Taiwan

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.