It was pointed out by the State Secretary of the Minister of Foreign Affairs in Sweden in June 2022 that the volume of trade between the two countries is constantly developing, as Swedish exports to Qatar rose from QR556 million in 2020 to about QR1.112 billion in 2021. The Chairman of Qatar Chamber of Commerce and Industry, also lauded the flourishing relations between Qatar and Sweden on May 29, 2024, underscoring the substantial increase of 79% in trade volume from QR866 million in 2022 to QR1.55 billion in 2023.
The main products exported from Qatar to Sweden are refined petroleum, ethylene polymers, and video recording equipment. Meanwhile, the main products exported from Sweden to Qatar are iron ore, iron pipes, and gas turbines. Qatar has the 31st highest trade volume with Sweden among all countries globally.
The economic relations between the countries are based on cooperation between Swedish and Qatari companies, mainly in the oil and the natural gas sector as well as the wood and iron industries. [citation needed]
