Overview In January 2023, United States exported $780M and imported $1.51B from Sweden, resulting in a negative trade balance of $732M. Between January 2022 and January 2023 the exports of United States have increased by $336M (75.6%) from $444M to $780M, while imports increased by $249M (19.7%) from $1.26B to $1.51B.
Trade In January 2023, the top exports of United States to Sweden were Vaccines, blood, antisera, toxins and cultures ($50.4M), Crude Petroleum ($35M), Petroleum Gas ($26.6M), Commodities not elsewhere specified ($22.1M), and Chemical Analysis Instruments ($21.6M). In January 2023 the top imports of United States from Sweden were Cars ($229M), Vaccines, blood, antisera, toxins and cultures ($93.1M), Refined Petroleum ($74.2M), Packaged Medicaments ($62.8M), and Sulfate Chemical Woodpulp ($31.7M).
Origins In January 2023 the exports of United States were mainly from Texas ($328M), California ($63.8M), North Carolina ($61.7M), Illinois ($28.3M), and Pennsylvania ($25M), while imports destinations were mainly Pennsylvania ($182M), Maryland ($142M), New Jersey ($140M), Georgia ($116M), and California ($90.8M).
Growth In January 2023, the increase in United States's year-by-year exports to Sweden was explained primarily by an increase in product exports in Office Machine Parts ($18.2M or 3.42k%), Vaccines, blood, antisera, toxins and cultures ($14.8M or 41.8%), and Acyclic Hydrocarbons ($13.1M or 404k%). In January 2023, the increase in United States's year-by-year imports from Sweden was explained primarily by an increase in product imports in Cars ($37.5M or 19.6%), Refined Petroleum ($36.7M or 97.7%), and Vaccines, blood, antisera, toxins and cultures ($34.7M or 59.3%).