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Trade between Sweden and Vietnam

In 2024, Sweden exported $303 million to Vietnam and imported $1.2 billion. Sweden ran a deficit of $930 million with Vietnam, compared with a deficit of $862 million in 2019. Vietnam was Sweden’s 34th largest trading partner (0.4% of its trade), and Sweden was Vietnam’s 36th (0.2%).

Summary

Sweden → Vietnam
$303million
Vietnam → Sweden
$1.2billion
Sweden’s balance
-$930million

Balance

Sweden’s trade balance with Vietnam

Trade between Sweden and Vietnam grew 31.2-fold since 1995

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

  • Exports 0.3
  • Imports 1.2
  • Balance -0.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$31 million$18 million$14 million
1996$56 million$33 million$23 million
1997$63 million$54 million$9 million
1998$57 million$56 million$277 thousand
1999$34 million$64 million-$30 million
2000$73 million$81 million-$8 million
2001$101 million$81 million$20 million
2002$94 million$93 million$1 million
2003$140 million$121 million$19 million
2004$173 million$137 million$36 million
2005$156 million$155 million$792 thousand
2006$208 million$188 million$20 million
2007$222 million$234 million-$12 million
2008$301 million$258 million$43 million
2009$440 million$232 million$208 million
2010$330 million$296 million$34 million
2011$257 million$432 million-$175 million
2012$219 million$726 million-$508 million
2013$217 million$982 million-$765 million
2014$259 million$990 million-$731 million
2015$237 million$949 million-$711 million
2016$291 million$1 billion-$743 million
2017$359 million$1.2 billion-$835 million
2018$318 million$1.3 billion-$949 million
2019$330 million$1.2 billion-$862 million
2020$314 million$1.4 billion-$1.1 billion
2021$306 million$1.5 billion-$1.2 billion
2022$334 million$1.7 billion-$1.4 billion
2023$332 million$1.3 billion-$972 million
2024$303 million$1.2 billion-$930 million

What they sell each other

What Sweden sells to Vietnam

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

  1. Medicines in measured doses or retail packs$73 million · 24.2%
    261 tonnes · Sweden’s destinations
  2. Coated paper$28 million · 9.3%
    33 thousand tonnes
  3. Vaccines, blood and antisera$19 million · 6.2%
    1 tonne · Sweden’s destinations
  4. Cars$19 million · 6.2%
    661 tonnes · Sweden’s destinations
  5. Dishwashers and packing machines$11 million · 3.8%
    117 tonnes
  6. Computers$8 million · 2.7%
    23 tonnes · Vietnam’s sources
  7. Chemical wood pulp$8 million · 2.6%
    11 thousand tonnes · Sweden’s destinations
  8. Kraft paper and paperboard$8 million · 2.6%
    8 thousand tonnes
  9. Sprayers and fire extinguishers$6 million · 2%
    240 tonnes
  10. High-voltage switches and fuses$5 million · 1.7%
    89 tonnes

What Vietnam sells to Sweden

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

  1. Cameras and broadcast equipment$447 million · 36.3%
    481 tonnes
  2. Computers$76 million · 6.1%
    126 tonnes · Vietnam’s destinations
  3. Textile footwear$45 million · 3.7%
    1 thousand tonnes
  4. Leather footwear$43 million · 3.5%
    1 thousand tonnes
  5. Seats and chairs$28 million · 2.2%
    6 thousand tonnes
  6. Bags, suitcases and cases$25 million · 2.1%
    3 thousand tonnes
  7. Batteries$24 million · 1.9%
    2 thousand tonnes · Vietnam’s destinations
  8. Parts for switchgear$22 million · 1.8%
    1 thousand tonnes
  9. Furniture$21 million · 1.7%
    5 thousand tonnes · Vietnam’s destinations
  10. Rubber and plastic footwear$18 million · 1.5%
    508 tonnes

How it travels

Estimated sea route from Gothenburg to Phu My.

The estimated sea route between Gothenburg and Phu My is 13,106 nautical miles (24,273 km) long: ≈ 30.5–39 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 (13,106 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 (9,656 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$733 million · 47.7%
  2. Air$802 million · 52.3%

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

How much each matters to the other

Vietnam was Sweden’s 34th largest trading partner (0.4% of its trade), and Sweden was Vietnam’s 36th (0.2%).

Vietnam in Sweden’s trade
0.4%
Vietnam’s rank among Sweden’s partners
34th
Sweden in Vietnam’s trade
0.2%
Sweden’s rank among Vietnam’s partners
36th

Compare with

Other partners of Sweden

Other partners of Vietnam

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.