Refined Petroleum in Sweden

EXPORTS (2018): $10B, World Rnk 19 / 198
Flag Rnk 2 / 1199

TOP DESTINATION (2018): $2.02B, Netherlands

FASTEST GROWING MARKET (2017 - 2018): $877M, Netherlands

IMPORTS (2018): $6.87B, World Rnk 27 / 221
Flag Rnk 3 / 1208

TOP ORIGIN (2018): $1.69B, Finland

FASTEST GROWING ORIGIN (2017 - 2018): $286M, Norway

ECONOMIC COMPLEXITY of Sweden (2018): 1.66, Rnk 7 / 137

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

Overview: This page contains the latest trade data of Refined Petroleum in Sweden.

Exports: In 2018, Sweden exported $10B in Refined Petroleum, making it the 19th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Sweden. The main destination of Refined Petroleum exports from Sweden are: Netherlands ($2.02B), United Kingdom ($1.49B), Finland ($1.27B), Norway ($1.19B), and Germany ($760M).

The fastest growing export markets for Refined Petroleum of Sweden between 2017 and 2018 were Netherlands ($877M), United States ($431M), and Norway ($257M).

Imports: In 2018, Sweden imported $6.87B in Refined Petroleum, becoming the 27th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Sweden. Sweden imports Refined Petroleum primarily from: Finland ($1.69B), Netherlands ($1.44B), Denmark ($1.14B), Norway ($708M), and Russia ($687M).

The fastest growing import markets in Refined Petroleum for Sweden between 2017 and 2018 were Norway ($286M), Finland ($285M), and Netherlands ($176M).

Tariffs: In 2017, the average tariff for Sweden in Refined Petroleum was 0.75%. The countries with the highest import tariffs for Refined Petroleum were Western Sahara (2.54%), Gabon (2.54%), Libya (2.54%), Mayotte (2.54%), and Reunion (2.54%).

Overview: In July 2020 Sweden's Refined Petroleum exports accounted up to SEK3.25B and imports accounted up to SEK2.76B, resulting in a positive trade balance of SEK496M. Between July 2019 and July 2020 the exports of Sweden's   Refined Petroleum have decreased by SEK-4.49B (-58%) from SEK7.75B to SEK3.25B, while imports decreased by SEK-1.85B (-40.2%) from SEK4.61B to SEK2.76B.

Destinations: In July 2020 Refined Petroleum exported mostly to Finland (SEK742M), Norway (SEK664M), United States (SEK294M), Germany (SEK272M), and Denmark (SEK261M), and imported mostly from Finland (SEK1.1B), Denmark (SEK487M), Netherlands (SEK418M), Norway (SEK281M), and Russia (SEK212M).

Growth: In July 2020, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Germany (SEK-1.09B or -80%), United Kingdom (SEK-921M or -82.2%), and Norway (SEK-843M or -55.9%). In July 2020, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from Russia (SEK-589M or -73.5%), Netherlands (SEK-573M or -57.8%), and Finland (SEK-293M or -21%).

Subnational Monthly Trade

#permalink to section
Flow
Value

EXPORT GROWTH (July 2019 - July 2020): SEK-4.49B, (-58%)

IMPORT GROWTH (July 2019 - July 2020): SEK-1.85B, (-40.2%)

MAIN DESTINATION (July 2020): Finland, SEK742M

This section shows Refined Petroleum'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 Refined Petroleum over time.

Value

EXPORTS (2018): $10B

IMPORTS (2018): $6.87B

NET TRADE (2018): $3.14B

In 2018, Sweden exported $10B in Refined Petroleum. The main destinations of Sweden exports on Refined Petroleum were Netherlands ($2.02B), United Kingdom ($1.49B), Finland ($1.27B), Norway ($1.19B), and Germany ($760M).

In 2018, Sweden imported $6.87B in Refined Petroleum, mainly from Finland ($1.69B), Netherlands ($1.44B), Denmark ($1.14B), Norway ($708M), and Russia ($687M).

Explore Visualizations

IN 2018, Sweden HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

  • United Kingdom, $1.36B ($1.49B - $126M)
  • United States, $611M ($642M - $31.4M)
  • Netherlands, $580M ($2.02B - $1.44B)

IN 2018, Sweden HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • Russia, -$682M ($4.46M - $687M)
  • Denmark, -$536M ($603M - $1.14B)
  • Finland, -$413M ($1.27B - $1.69B)
Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Sweden WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Sweden WERE (2017 - 2018):

Explore Visualizations

Market Concentration

#permalink to section
Flow
Type

In 2018, Sweden's main exporting competitors in Refined Petroleum were:

In 2018, Sweden's main importing competitors in Refined Petroleum were:

Explore Visualizations

Trade Forecasts

#permalink to section

Time

This section shows forecasts for total exports and imports, for Refined Petroleum in Sweden. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

Explore Forecasts

Tariffs by Country

#permalink to section

In 2017, the average tariff for Sweden in Refined Petroleum was 0.75%.

The countries with the highest tariffs for Refined Petroleum in Sweden were Western Sahara (2.54%), Gabon (2.54%), Libya (2.54%), Mayotte (2.54%), and Reunion (2.54%).

Explore Tariff Data