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2022
Exports $9.75MWorld Rnk 94 / 149
Flag Rnk 643 / 1212
2022
Destination $9.52M Spain
2021 - 2022
FASTEST GROWING MARKET $9.52MSpain
2022
PRODUCT COMPLEXITY IN Crude Petroleum-2.25Rnk 1011 / 1025
2022
Imports $14.2BWorld Rnk 19 / 158
Flag Rnk 1 / 1213
2022
Origin $2.77B Norway
2021 - 2022
FASTEST GROWING ORIGIN $2.77BNorway
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $9.75M in Crude Petroleum, making it the 94th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 643rd most exported product in Sweden. The main destination of Crude Petroleum exports from Sweden are: Spain ($9.52M), United States ($200k), Netherlands ($16.4k), Norway ($13.4k), and Mexico ($2.37k).

The fastest growing export markets for Crude Petroleum of Sweden between 2021 and 2022 were Spain ($9.52M), Norway ($9.83k), and Mexico ($2.37k).

Imports In 2022, Sweden imported $14.2B in Crude Petroleum, becoming the 19th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Sweden. Sweden imports Crude Petroleum primarily from: Norway ($8.93B), United Kingdom ($1.94B), Nigeria ($1.49B), United States ($1.26B), and Libya ($293M).

The fastest growing import markets in Crude Petroleum for Sweden between 2021 and 2022 were Norway ($2.77B), United Kingdom ($1.26B), and Nigeria ($1.06B).

Latest Trends

July 2024

About

Overview In July 2024 Sweden's Crude Petroleum exports accounted up to SEK381k and imports accounted up to SEK10B, resulting in a negative trade balance of SEK10B. Between August 2022 and July 2024 the exports of Sweden's   Crude Petroleum have increased by SEK345k (958%) from SEK36k to SEK381k, while imports decreased by SEK-2.24B (-18.3%) from SEK12.3B to SEK10B.

Destinations In July 2024, Crude Petroleum were exported mostly to , and were imported mostly from Norway (SEK3.77B), Nigeria (SEK1.87B), United States (SEK1.86B), Libya (SEK1.18B), and Guyana (SEK1.03B).

Growth In July 2024, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to . In August 2024, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (SEK-1.37B or -76.8%) and Norway (SEK-164M or -2.22%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2022 - July 2024)SEK345k(958%)
IMPORT GROWTH (August 2023 - August 2024)SEK-2.24B(-18.3%)
MAIN EXPORTER (July 2024)undefined874k
MAIN DESTINATION (July 2024)

This section shows Crude 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 Crude Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.75M
IMPORTS (2022)$14.2B
NET TRADE (2022)-$14.2B

In 2022, Sweden exported $9.75M in Crude Petroleum. The main destinations of Sweden exports on Crude Petroleum were Spain ($9.52M), United States ($200k), Netherlands ($16.4k), Norway ($13.4k), and Mexico ($2.37k).

In 2022, Sweden imported $14.2B in Crude Petroleum, mainly from Norway ($8.93B), United Kingdom ($1.94B), Nigeria ($1.49B), United States ($1.26B), and Libya ($293M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Spain$9.52M (1%)
Norway$9.83k (272%)
Mexico$2.37k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Sweden WERE (2021 - 2022):
China-$56.9M (-100%)
Netherlands-$50.2M (-100%)
United States-$43.6M (-99.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Crude Petroleum were:
Saudi Arabia $236B
Russia $133B
Canada $123B
In 2022, Sweden's main importing competitors in Crude Petroleum were:
China $287B
United States $199B
India $170B

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Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $3.86M
TOP IMPORT POTENTIALRussia+ $286M

Crude Petroleum’s highest export potential is Spain. With an export gap of $3.86M.   Crude Petroleum’s highest import potential is Russia with an import gap of $286M.

See methodology.

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