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2023
Exports $10BWorld Rnk 24 / 214
Flag Rnk 2 / 1210
2023
Destination $800M Finland
2022 - 2023
FASTEST GROWING MARKET $800MPoland
2023
PRODUCT COMPLEXITY IN Refined Petroleum-0.94Rnk 813 / 1025
2023
Imports $7.19BWorld Rnk 32 / 226
Flag Rnk 3 / 1213
2023
Origin $111M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $111MChina
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $10B in Refined Petroleum, making it the 24th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Sweden. The main destination of Refined Petroleum exports from Sweden are: Finland ($1.64B), Norway ($1.51B), Netherlands ($953M), Denmark ($925M), and Poland ($901M).

The fastest growing export markets for Refined Petroleum of Sweden between 2022 and 2023 were Poland ($800M), Germany ($295M), and France ($157M).

Imports In 2023, Sweden imported $7.19B in Refined Petroleum, becoming the 32nd 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 ($2.1B), Finland ($1.4B), Denmark ($1.09B), Norway ($945M), and Belgium ($359M).

The fastest growing import markets in Refined Petroleum for Sweden between 2022 and 2023 were China ($111M), Belgium ($87.4M), and Denmark ($69.6M).

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

October 2024

About

Overview In October 2024 Sweden's Refined Petroleum exports accounted up to SEK7.11B and imports accounted up to SEK4.84B, resulting in a positive trade balance of SEK2.26B. Between October 2023 and October 2024 the exports of Sweden's   Refined Petroleum have decreased by SEK-2.23B (-23.9%) from SEK9.34B to SEK7.11B, while imports decreased by SEK-2.51B (-34.2%) from SEK7.36B to SEK4.84B.

Destinations In October 2024, Refined Petroleum were exported mostly to United Kingdom (SEK1.46B), Finland (SEK1.43B), Norway (SEK856M), Belgium (SEK768M), and Germany (SEK523M), and were imported mostly from Netherlands (SEK1.48B), Finland (SEK1.31B), Denmark (SEK831M), Norway (SEK312M), and United States (SEK285M).

Growth In October 2024, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to United States (SEK-527M or -61.2%), Ireland (SEK-259M or -99.8%), and Panama (SEK-188M or -99.9%). In October 2024, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from Netherlands (SEK-217M or -11.4%), Finland (SEK-185M or -15.1%), and United States (SEK-147M or -98.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-2.23B(-23.9%)
IMPORT GROWTH (October 2023 - October 2024)SEK-2.51B(-34.2%)
MAIN EXPORTER (October 2024)undefined9.94B
MAIN DESTINATION (October 2024)United KingdomSEK1.46B

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 (2023)$10B
IMPORTS (2023)$7.19B
NET TRADE (2023)$2.83B

In 2023, Sweden exported $10B in Refined Petroleum. The main destinations of Sweden exports on Refined Petroleum were Finland ($1.64B), Norway ($1.51B), Netherlands ($953M), Denmark ($925M), and Poland ($901M).

In 2023, Sweden imported $7.19B in Refined Petroleum, mainly from Netherlands ($2.1B), Finland ($1.4B), Denmark ($1.09B), Norway ($945M), and Belgium ($359M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Poland$800M (793%)
Germany$295M (115%)
France$157M (100%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Sweden WERE (2022 - 2023):
Norway-$1.82B (-54.7%)
United Kingdom-$663M (-43.5%)
Finland-$551M (-25.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Refined Petroleum were:
United States $107B
Singapore $55.9B
India $55.8B
In 2023, Sweden's main importing competitors in Refined Petroleum were:
United States $68.8B
Singapore $55.7B
Australia $35.3B

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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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