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Trade between Sweden and Thailand

In 2024, Sweden exported $741 million to Thailand and imported $525 million. Sweden ran a surplus of $216 million with Thailand, compared with a surplus of $126 million in 2019. Thailand was Sweden’s 39th largest trading partner (0.4% of its trade), and Sweden was Thailand’s 44th (0.2%).

Summary

Sweden → Thailand
$741million
Thailand → Sweden
$525million
Sweden’s balance
$216million

Balance

Sweden’s trade balance with Thailand

Trade between Sweden and Thailand grew 65% since 1995

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

  • Exports 0.7
  • Imports 0.5
  • Balance +0.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$612 million$154 million$458 million
1996$636 million$168 million$468 million
1997$613 million$191 million$421 million
1998$222 million$210 million$12 million
1999$280 million$262 million$18 million
2000$374 million$310 million$64 million
2001$355 million$247 million$108 million
2002$408 million$247 million$162 million
2003$359 million$289 million$70 million
2004$426 million$342 million$83 million
2005$515 million$333 million$182 million
2006$458 million$470 million-$12 million
2007$459 million$589 million-$130 million
2008$618 million$601 million$16 million
2009$455 million$496 million-$42 million
2010$631 million$614 million$16 million
2011$1.4 billion$660 million$747 million
2012$934 million$630 million$304 million
2013$1.2 billion$607 million$554 million
2014$691 million$641 million$50 million
2015$829 million$505 million$324 million
2016$726 million$514 million$213 million
2017$681 million$542 million$139 million
2018$580 million$547 million$33 million
2019$633 million$507 million$126 million
2020$639 million$398 million$241 million
2021$709 million$541 million$167 million
2022$826 million$608 million$218 million
2023$794 million$564 million$229 million
2024$741 million$525 million$216 million

What they sell each other

What Sweden sells to Thailand

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

  1. Turbojets and gas turbines$176 million · 23.7%
    108 tonnes · Sweden’s destinations
  2. Coated paper$46 million · 6.2%
    41 thousand tonnes
  3. Aircraft parts$39 million · 5.3%
    32 tonnes
  4. Medicines in measured doses or retail packs$36 million · 4.8%
    485 tonnes · Sweden’s destinations
  5. Chemical wood pulp$33 million · 4.5%
    46 thousand tonnes · Sweden’s destinations
  6. Auto parts$30 million · 4.1%
    2 thousand tonnes · Sweden’s destinations
  7. Forklifts and works trucks$22 million · 3%
    3 thousand tonnes
  8. Makeup and skin care$21 million · 2.8%
    24 tonnes
  9. Other iron or steel articles$15 million · 2.1%
    924 tonnes
  10. Iron and steel powder and shot$15 million · 2%
    8 thousand tonnes

What Thailand sells to Sweden

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

  1. Trucks$42 million · 8%
    3 thousand tonnes · Thailand’s destinations
  2. Other food preparations$37 million · 7.1%
    8 thousand tonnes
  3. New tires$35 million · 6.8%
    8 thousand tonnes · Thailand’s destinations
  4. Alarms, bells and indicator panels$30 million · 5.7%
    182 tonnes
  5. Sauces and condiments$25 million · 4.8%
    11 thousand tonnes
  6. Air conditioners$23 million · 4.4%
    2 thousand tonnes · Thailand’s destinations
  7. Refrigerators, freezers and heat pumps$12 million · 2.3%
    740 tonnes · Thailand’s destinations
  8. Air pumps, compressors and fans$12 million · 2.2%
    875 tonnes
  9. Sports equipment$11 million · 2.2%
    653 tonnes
  10. Jewelry$11 million · 2%
    7 tonnes · Thailand’s destinations

How it travels

Estimated sea route from Gothenburg to Laem Chabang.

The estimated sea route between Gothenburg and Laem Chabang is 13,280 nautical miles (24,594 km) long: ≈ 30.5–39.5 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 (13,280 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 (9,835 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$717 million · 56.7%
  2. Air$548 million · 43.3%

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

How much each matters to the other

Thailand was Sweden’s 39th largest trading partner (0.4% of its trade), and Sweden was Thailand’s 44th (0.2%).

Thailand in Sweden’s trade
0.4%
Thailand’s rank among Sweden’s partners
39th
Sweden in Thailand’s trade
0.2%
Sweden’s rank among Thailand’s partners
44th

Compare with

Other partners of Sweden

Other partners of Thailand

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.