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2022
Exports $12.9BWorld Rnk 22 / 214
Flag Rnk 1 / 1212
2022
Destination $1.41B Norway
2021 - 2022
FASTEST GROWING MARKET $1.41BNorway
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $8.81BWorld Rnk 33 / 225
Flag Rnk 3 / 1213
2022
Origin $1.07B Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $1.07BNetherlands
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $12.9B in Refined Petroleum, making it the 22nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Sweden. The main destination of Refined Petroleum exports from Sweden are: Norway ($2.97B), Finland ($2.3B), United Kingdom ($1.71B), United States ($1.09B), and Netherlands ($1.08B).

The fastest growing export markets for Refined Petroleum of Sweden between 2021 and 2022 were Norway ($1.41B), Finland ($969M), and Belgium ($443M).

Imports In 2022, Sweden imported $8.81B in Refined Petroleum, becoming the 33rd 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: Netherlands ($2.75B), Finland ($1.86B), Norway ($1.29B), Denmark ($948M), and Germany ($287M).

The fastest growing import markets in Refined Petroleum for Sweden between 2021 and 2022 were Netherlands ($1.07B), Norway ($758M), and Finland ($630M).

COMPANIES In 2023, leading companies such as Konecranes (2) were at the forefront of shipping Refined Petroleum from Sweden to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Sweden's Refined Petroleum exports accounted up to SEK9.94B and imports accounted up to SEK5.88B, resulting in a positive trade balance of SEK4.06B. Between July 2023 and July 2024 the exports of Sweden's   Refined Petroleum have increased by SEK372M (3.89%) from SEK9.57B to SEK9.94B, while imports increased by SEK107M (1.86%) from SEK5.77B to SEK5.88B.

Destinations In July 2024, Refined Petroleum were exported mostly to Finland (SEK2.02B), Norway (SEK1.39B), Netherlands (SEK1.26B), United Kingdom (SEK1.2B), and Belgium (SEK1.06B), and were imported mostly from Finland (SEK1.57B), Denmark (SEK1.45B), Netherlands (SEK764M), Norway (SEK692M), and Qatar (SEK535M).

Growth In July 2024, the increase in Refined Petroleum's year-by-year exports was explained primarily by an increase in exports to United Kingdom (SEK898M or 59.3%), Denmark (SEK629M or 111%), and Norway (SEK611M or 58.1%). In July 2024, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from Norway (SEK1.08B or 185%), Belgium (SEK419M or 756%), and Denmark (SEK317M or 55.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)SEK372M(3.89%)
IMPORT GROWTH (July 2023 - July 2024)SEK107M(1.86%)
MAIN EXPORTER (July 2024)undefined9.94B
MAIN DESTINATION (July 2024)FinlandSEK2.02B

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.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.9B
IMPORTS (2022)$8.81B
NET TRADE (2022)$4.07B

In 2022, Sweden exported $12.9B in Refined Petroleum. The main destinations of Sweden exports on Refined Petroleum were Norway ($2.97B), Finland ($2.3B), United Kingdom ($1.71B), United States ($1.09B), and Netherlands ($1.08B).

In 2022, Sweden imported $8.81B in Refined Petroleum, mainly from Netherlands ($2.75B), Finland ($1.86B), Norway ($1.29B), Denmark ($948M), and Germany ($287M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Norway$1.41B (89.8%)
Finland$969M (73%)
Belgium$443M (75.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Sweden WERE (2021 - 2022):
Gibraltar-$192M (-88.7%)
France-$123M (-48.5%)
Spain-$61M (-25.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Sweden's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $478M
TOP IMPORT POTENTIALUnited States+ $227M

Refined Petroleum’s highest export potential is United States. With an export gap of $478M.   Refined Petroleum’s highest import potential is United States with an import gap of $227M.

See methodology.

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