Packaged Medicaments in Sweden | The Observatory of Economic Complexity

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Exports In 2022, Sweden exported $8.25B in Packaged Medicaments, making it the 15th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most exported product in Sweden. The main destination of Packaged Medicaments exports from Sweden are: United States ($1.29B), Germany ($963M), China ($661M), Japan ($604M), and France ($504M).

The fastest growing export markets for Packaged Medicaments of Sweden between 2021 and 2022 were Germany ($224M), Russia ($77.9M), and Canada ($63.9M).

Imports In 2022, Sweden imported $2.73B in Packaged Medicaments, becoming the 29th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 8th most imported product in Sweden. Sweden imports Packaged Medicaments primarily from: Denmark ($541M), Germany ($497M), Italy ($327M), Netherlands ($282M), and Belgium ($204M).

The fastest growing import markets in Packaged Medicaments for Sweden between 2021 and 2022 were Italy ($74M), Ireland ($29.9M), and China ($22.1M).

Latest Trends

January 2024

About

Overview In January 2024 Sweden's Packaged Medicaments exports accounted up to SEK7.4B and imports accounted up to SEK2.9B, resulting in a positive trade balance of SEK4.5B. Between January 2023 and January 2024 the exports of Sweden's Packaged Medicaments have increased by SEK467M (6.74%) from SEK6.93B to SEK7.4B, while imports increased by SEK430M (17.4%) from SEK2.47B to SEK2.9B.

Destinations In January 2024, Packaged Medicaments were exported mostly to Germany (SEK1.14B), China (SEK684M), Italy (SEK634M), France (SEK629M), and United States (SEK412M), and were imported mostly from Denmark (SEK936M), Germany (SEK550M), Netherlands (SEK237M), Switzerland (SEK218M), and Belgium (SEK185M).

Growth In January 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Germany (SEK450M or 74.6%), Spain (SEK350M or 221%), and France (SEK343M or 695%). In January 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Germany (SEK136M or 37.1%), United States (SEK50.6M or 296%), and Finland (SEK34.1M or 108%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)SEK467M(6.74%)

IMPORT GROWTH (January 2023 - January 2024)SEK430M(17.4%)

MAIN EXPORTER (January 2024)undefined7.4B

MAIN DESTINATION (January 2024)GermanySEK1.14B

This section shows Packaged Medicaments's exports and imports data at subnational level for Sweden. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Packaged Medicaments over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$8.25B

IMPORTS (2022)$2.73B

NET TRADE (2022)$5.52B

In 2022, Sweden exported $8.25B in Packaged Medicaments. The main destinations of Sweden exports on Packaged Medicaments were United States ($1.29B), Germany ($963M), China ($661M), Japan ($604M), and France ($504M).

In 2022, Sweden imported $2.73B in Packaged Medicaments, mainly from Denmark ($541M), Germany ($497M), Italy ($327M), Netherlands ($282M), and Belgium ($204M).

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