Refined Petroleum in Sweden 2019 Exports | Imports : $7.56B | $6.32B, World Rnk 22 / 214 Rnk 3 / 1212 | World Rnk 26 / 225 Rnk 3 / 1210
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $190M | $235M, Norway | Finland
2019 ECONOMIC COMPLEXITY of Sweden: 1.65, Rnk 8 / 147
2019 PRODUCT COMPLEXITY IN Refined Petroleum: -0.87, Rnk 800 / 1029
Exports In 2019, Sweden exported $7.56B in Refined Petroleum, making it the 22nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most exported product in Sweden. The main destination of Refined Petroleum exports from Sweden are: Norway ($1.38B), Finland ($1.09B), United Kingdom ($914M), Netherlands ($881M), and Denmark ($554M).
The fastest growing export markets for Refined Petroleum of Sweden between 2018 and 2019 were Norway ($190M), Belgium ($146M), and Bahamas ($85.1M).
Imports In 2019, Sweden imported $6.32B in Refined Petroleum, becoming the 26th 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: Finland ($1.93B), Netherlands ($1.12B), Denmark ($923M), Russia ($662M), and Norway ($457M).
The fastest growing import markets in Refined Petroleum for Sweden between 2018 and 2019 were Finland ($235M), Angola ($62.7M), and Belgium ($57.3M).
Tariffs In 2017, the average tariff for Sweden in Refined Petroleum was 0.75%. The countries with the highest import tariffs for Refined Petroleum were Western Sahara (Most Favoured Nation duty rate treatement, 2.54%), Gabon (Most Favoured Nation duty rate treatement, 2.54%), Libya (Most Favoured Nation duty rate treatement, 2.54%), Mayotte (Most Favoured Nation duty rate treatement, 2.54%), and Reunion (Most Favoured Nation duty rate treatement, 2.54%).
June 2021
Overview In June 2021 Sweden's Refined Petroleum exports accounted up to SEK6.13B and imports accounted up to SEK3.34B, resulting in a positive trade balance of SEK2.79B. Between June 2020 and June 2021 the exports of Sweden's Refined Petroleum have increased by SEK2.97B (94.3%) from SEK3.15B to SEK6.13B, while imports increased by SEK414M (14.2%) from SEK2.92B to SEK3.34B.
Destinations In June 2021, Refined Petroleum were exported mostly to Finland (SEK1.23B), Norway (SEK1.17B), United Kingdom (SEK1.14B), Netherlands (SEK693M), and Belgium (SEK619M), and were imported mostly from Denmark (SEK917M), Netherlands (SEK770M), Norway (SEK410M), Finland (SEK375M), and Belgium (SEK273M).
Growth In June 2021, the increase in Refined Petroleum's year-by-year exports was explained primarily by an increase in exports to United Kingdom (SEK837M or 274%), Netherlands (SEK671M or 3.17k%), and Finland (SEK607M or 97.5%). In June 2021, the increase in Refined Petroleum's year-by-year imports was explained primarily by an increase in imports from Denmark (SEK525M or 134%), Norway (SEK219M or 115%), and Belgium (SEK202M or 282%).
EXPORT GROWTH (June 2020 - June 2021): SEK2.97B, (94.3%)
IMPORT GROWTH (June 2020 - June 2021): SEK414M, (14.2%)
MAIN DESTINATION (June 2021): Finland, SEK1.23B
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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EXPORTS (2019): $7.56B
IMPORTS (2019): $6.32B
NET TRADE (2019): $1.24B
In 2019, Sweden exported $7.56B in Refined Petroleum. The main destinations of Sweden exports on Refined Petroleum were Norway ($1.38B), Finland ($1.09B), United Kingdom ($914M), Netherlands ($881M), and Denmark ($554M).
In 2019, Sweden imported $6.32B in Refined Petroleum, mainly from Finland ($1.93B), Netherlands ($1.12B), Denmark ($923M), Russia ($662M), and Norway ($457M).
IN 2019, Sweden HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:
IN 2019, Sweden HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Sweden WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Sweden WERE (2018 - 2019):
In 2019, Sweden's main exporting competitors in Refined Petroleum were:
In 2019, Sweden's main importing competitors in Refined Petroleum were:
In 2017, the average tariff for Sweden in Refined Petroleum was 0.75%.
The countries with the highest tariffs for Refined Petroleum in Sweden were Western Sahara (Most Favoured Nation duty rate treatement, 2.54%), Gabon (Most Favoured Nation duty rate treatement, 2.54%), Libya (Most Favoured Nation duty rate treatement, 2.54%), Mayotte (Most Favoured Nation duty rate treatement, 2.54%), and Reunion (Most Favoured Nation duty rate treatement, 2.54%).