Medical Instruments in Sweden | The Observatory of Economic Complexity

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Exports In 2022, Sweden exported $583M in Medical Instruments, making it the 32nd largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 62nd most exported product in Sweden. The main destination of Medical Instruments exports from Sweden are: Norway ($89.1M), Denmark ($73M), United States ($66.6M), Netherlands ($54.2M), and Finland ($50.6M).

The fastest growing export markets for Medical Instruments of Sweden between 2021 and 2022 were Netherlands ($5.4M), United Kingdom ($2.45M), and Hong Kong ($2.29M).

Imports In 2022, Sweden imported $1.01B in Medical Instruments, becoming the 27th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 27th most imported product in Sweden. Sweden imports Medical Instruments primarily from: Netherlands ($320M), Germany ($194M), Belgium ($74.3M), Denmark ($55.4M), and United States ($50.1M).

The fastest growing import markets in Medical Instruments for Sweden between 2021 and 2022 were Netherlands ($17.4M), Chinese Taipei ($4.66M), and Denmark ($3.06M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Medical Instruments from Sweden to the United States.

Latest Trends

December 2023

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Overview In December 2023 Sweden's Medical Instruments exports accounted up to SEK572M and imports accounted up to SEK1.04B, resulting in a negative trade balance of SEK464M. Between December 2022 and December 2023 the exports of Sweden's Medical Instruments have increased by SEK22.3M (4.06%) from SEK549M to SEK572M, while imports increased by SEK67.2M (6.94%) from SEK969M to SEK1.04B.

Destinations In December 2023, Medical Instruments were exported mostly to Norway (SEK102M), United States (SEK78.2M), Denmark (SEK60.5M), Netherlands (SEK52.4M), and Germany (SEK51.9M), and were imported mostly from Netherlands (SEK381M), Germany (SEK177M), Belgium (SEK101M), Denmark (SEK57.6M), and Switzerland (SEK32.5M).

Growth In December 2023, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Germany (SEK35.4M or 268%), France (SEK14.1M or 138%), and Australia (SEK7.66M or 592%). In December 2023, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from Netherlands (SEK84.3M or 47.9%), China (SEK13.6M or 73.2%), and Italy (SEK9.98M or 118%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)SEK22.3M(4.06%)

IMPORT GROWTH (December 2022 - December 2023)SEK67.2M(6.94%)

MAIN EXPORTER (December 2023)

MAIN DESTINATION (December 2023)NorwaySEK102M

This section shows Medical Instruments'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 Medical Instruments over time.

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