Medical Instruments in Sweden 2021 Exports | Imports : $658M | $1.1B, World Rnk 32 / 221 Rnk 52 / 1209 | World Rnk 25 / 226 Rnk 21 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $12.8M | $45.6M, Norway | Netherlands
2021 ECONOMIC COMPLEXITY of Sweden: 1.54, Rnk 8 / 131
2021 PRODUCT COMPLEXITY IN Medical Instruments: 0.74, Rnk 262 / 1029
Exports In 2021, Sweden exported $658M in Medical Instruments, making it the 32nd largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 52nd most exported product in Sweden. The main destination of Medical Instruments exports from Sweden are: Norway ($99.7M), Denmark ($77.9M), United States ($66.4M), Finland ($54.9M), and Germany ($51.8M).
The fastest growing export markets for Medical Instruments of Sweden between 2020 and 2021 were Norway ($12.8M), Denmark ($10.8M), and Spain ($3.62M).
Imports In 2021, Sweden imported $1.1B in Medical Instruments, becoming the 25th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 21st most imported product in Sweden. Sweden imports Medical Instruments primarily from: Netherlands ($305M), Germany ($270M), Belgium ($79.9M), Denmark ($51.4M), and United States ($48.8M).
The fastest growing import markets in Medical Instruments for Sweden between 2020 and 2021 were Netherlands ($45.6M), Germany ($16.7M), and Belgium ($8.98M).
Tariffs In 1989, the average tariff for Sweden in Medical Instruments was 3.75%. The countries with the highest import tariffs for Medical Instruments were Angola (Most Favoured Nation duty rate treatment, 3.75%), Burundi (Most Favoured Nation duty rate treatment, 3.75%), Benin (Most Favoured Nation duty rate treatment, 3.75%), Burkina Faso (Most Favoured Nation duty rate treatment, 3.75%), and Botswana (Most Favoured Nation duty rate treatment, 3.75%).
January 2023
Overview In January 2023 Sweden's Medical Instruments exports accounted up to SEK474M and imports accounted up to SEK883M, resulting in a negative trade balance of SEK409M. Between January 2022 and January 2023 the exports of Sweden's Medical Instruments have increased by SEK48.9M (11.5%) from SEK425M to SEK474M, while imports increased by SEK98.6M (12.6%) from SEK784M to SEK883M.
Destinations In January 2023, Medical Instruments were exported mostly to Norway (SEK97.6M), Denmark (SEK55.1M), United States (SEK50.9M), Germany (SEK48.5M), and Netherlands (SEK45.1M), and were imported mostly from Netherlands (SEK260M), Germany (SEK153M), Belgium (SEK94.7M), Denmark (SEK71.1M), and Finland (SEK35.5M).
Growth In January 2023, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Norway (SEK36.9M or 63.2%), Netherlands (SEK24.2M or 66.5%), and United Kingdom (SEK12.8M or 67.8%). In January 2023, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from Austria (SEK36.3M or 309%), Netherlands (SEK32.6M or 22.8%), and Denmark (SEK16.3M or 35.4%).
EXPORT GROWTH (January 2022 - January 2023): SEK48.9M, (11.5%)
IMPORT GROWTH (January 2022 - January 2023): SEK98.6M, (12.6%)
MAIN DESTINATION (January 2023): Norway, SEK97.6M
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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EXPORTS (2021): $658M
IMPORTS (2021): $1.1B
NET TRADE (2021): -$442M
In 2021, Sweden exported $658M in Medical Instruments. The main destinations of Sweden exports on Medical Instruments were Norway ($99.7M), Denmark ($77.9M), United States ($66.4M), Finland ($54.9M), and Germany ($51.8M).
In 2021, Sweden imported $1.1B in Medical Instruments, mainly from Netherlands ($305M), Germany ($270M), Belgium ($79.9M), Denmark ($51.4M), and United States ($48.8M).
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Sweden WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Sweden WERE (2020 - 2021):
In 2021, Sweden's main exporting competitors in Medical Instruments were:
In 2021, Sweden's main importing competitors in Medical Instruments were:
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