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2023
Exports $9.14BWorld Rnk 15 / 214
Flag Rnk 3 / 1210
2023
Destination $297M China
2022 - 2023
FASTEST GROWING MARKET $297MChina
2023
PRODUCT COMPLEXITY IN Packaged Medicaments0.63Rnk 313 / 1025
2023
Imports $3.27BWorld Rnk 28 / 226
Flag Rnk 7 / 1213
2023
Origin $122M Denmark
2022 - 2023
FASTEST GROWING ORIGIN $122MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $9.14B in Packaged Medicaments, making it the 15th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most exported product in Sweden. The main destination of Packaged Medicaments exports from Sweden are: China ($1.17B), Germany ($1.07B), Japan ($707M), France ($584M), and United States ($417M).

The fastest growing export markets for Packaged Medicaments of Sweden between 2022 and 2023 were China ($297M), Germany ($191M), and Spain ($104M).

Imports In 2023, Sweden imported $3.27B in Packaged Medicaments, becoming the 28th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 7th most imported product in Sweden. Sweden imports Packaged Medicaments primarily from: Denmark ($865M), Germany ($581M), Netherlands ($320M), Belgium ($319M), and Italy ($213M).

The fastest growing import markets in Packaged Medicaments for Sweden between 2022 and 2023 were Germany ($122M), United States ($74.6M), and Malta ($35.3M).

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Packaged Medicaments exports accounted up to SEK7.32B and imports accounted up to SEK3.18B, resulting in a positive trade balance of SEK4.14B. Between October 2023 and October 2024 the exports of Sweden's   Packaged Medicaments have decreased by SEK-93.8M (-1.26%) from SEK7.41B to SEK7.32B, while imports increased by SEK187M (6.26%) from SEK2.99B to SEK3.18B.

Destinations In October 2024, Packaged Medicaments were exported mostly to Germany (SEK1.59B), China (SEK707M), France (SEK533M), Italy (SEK517M), and Norway (SEK447M), and were imported mostly from Denmark (SEK967M), Germany (SEK494M), Belgium (SEK395M), Netherlands (SEK243M), and France (SEK173M).

Growth In October 2024, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to United States (SEK-1.54B or -77%), Japan (SEK-590M or -71.3%), and Egypt (SEK-57.8M or -39.5%). In October 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Germany (SEK136M or 37.1%), United States (SEK50.6M or 296%), and Finland (SEK34.1M or 108%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-93.8M(-1.26%)
IMPORT GROWTH (October 2023 - October 2024)SEK187M(6.26%)
MAIN EXPORTER (October 2024)undefined9.21B
MAIN DESTINATION (October 2024)GermanySEK1.59B

This section shows Packaged Medicaments'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 Packaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.14B
IMPORTS (2023)$3.27B
NET TRADE (2023)$5.87B

In 2023, Sweden exported $9.14B in Packaged Medicaments. The main destinations of Sweden exports on Packaged Medicaments were China ($1.17B), Germany ($1.07B), Japan ($707M), France ($584M), and United States ($417M).

In 2023, Sweden imported $3.27B in Packaged Medicaments, mainly from Denmark ($865M), Germany ($581M), Netherlands ($320M), Belgium ($319M), and Italy ($213M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
China$297M (34.2%)
Germany$191M (21.7%)
Spain$104M (38.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Sweden WERE (2022 - 2023):
United States-$347M (-45.4%)
Japan-$339M (-32.4%)
Canada-$138M (-35.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Packaged Medicaments were:
Germany $66.4B
United States $41B
Switzerland $39.7B
In 2023, Sweden's main importing competitors in Packaged Medicaments were:
United States $82.7B
Switzerland $40B
Germany $30.8B

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $477M
TOP IMPORT POTENTIALGermany+ $170M

Packaged Medicaments’s highest export potential is United States. With an export gap of $477M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $170M.

See methodology.

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