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2023
Exports $802MWorld Rnk 12 / 207
Flag Rnk 43 / 1210
2023
Destination $91.4M Turkey
2022 - 2023
FASTEST GROWING MARKET $91.4MTurkey
2023
PRODUCT COMPLEXITY IN Scrap Iron-0.57Rnk 726 / 1025
2023
Imports $217MWorld Rnk 31 / 177
Flag Rnk 159 / 1213
2023
Origin $3.49M Germany
2022 - 2023
FASTEST GROWING ORIGIN $3.49MKazakhstan
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $802M in Scrap Iron, making it the 12th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 43rd most exported product in Sweden. The main destination of Scrap Iron exports from Sweden are: Turkey ($191M), United States ($120M), Norway ($106M), India ($77.9M), and Denmark ($59.3M).

The fastest growing export markets for Scrap Iron of Sweden between 2022 and 2023 were Turkey ($91.4M), United States ($72.7M), and Lithuania ($14M).

Imports In 2023, Sweden imported $217M in Scrap Iron, becoming the 31st largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 159th most imported product in Sweden. Sweden imports Scrap Iron primarily from: Germany ($59.1M), Denmark ($51M), Norway ($32.1M), Finland ($29.6M), and India ($12.1M).

The fastest growing import markets in Scrap Iron for Sweden between 2022 and 2023 were Kazakhstan ($3.49M), Italy ($1.5M), and Latvia ($493k).

COMPANIES In 2023, leading companies such as Ford Motor Company (3) and General Motors (2) were at the forefront of shipping Scrap Iron from Sweden to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Scrap Iron exports accounted up to SEK478M and imports accounted up to SEK136M, resulting in a positive trade balance of SEK342M. Between October 2023 and October 2024 the exports of Sweden's   Scrap Iron have decreased by SEK-108M (-18.4%) from SEK586M to SEK478M, while imports decreased by SEK-26.7M (-16.4%) from SEK162M to SEK136M.

Destinations In October 2024, Scrap Iron were exported mostly to United States (SEK119M), Norway (SEK81.9M), Denmark (SEK70.1M), Germany (SEK62.5M), and India (SEK31.7M), and were imported mostly from Germany (SEK44.3M), Denmark (SEK29.3M), Norway (SEK28.7M), Finland (SEK17.9M), and India (SEK4.48M).

Growth In October 2024, the decrease in Scrap Iron's year-by-year exports was explained primarily by a decrease in exports to Pakistan (SEK-8.37M or -22.4%), Netherlands (SEK-4.62M or -69.1%), and Finland (SEK-3.53M or -17.4%). In October 2024, the decrease in Scrap Iron's year-by-year imports was explained primarily by a decrease in imports from Germany (SEK-35.9M or -41.5%) and United Kingdom (SEK-30k or -15.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-108M(-18.4%)
IMPORT GROWTH (October 2023 - October 2024)SEK-26.7M(-16.4%)
MAIN EXPORTER (October 2024)undefined825M
MAIN DESTINATION (October 2024)United StatesSEK119M

This section shows Scrap Iron'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 Scrap Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$802M
IMPORTS (2023)$217M
NET TRADE (2023)$585M

In 2023, Sweden exported $802M in Scrap Iron. The main destinations of Sweden exports on Scrap Iron were Turkey ($191M), United States ($120M), Norway ($106M), India ($77.9M), and Denmark ($59.3M).

In 2023, Sweden imported $217M in Scrap Iron, mainly from Germany ($59.1M), Denmark ($51M), Norway ($32.1M), Finland ($29.6M), and India ($12.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Turkey$91.4M (91.6%)
United States$72.7M (154%)
Lithuania$14M (413%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Sweden WERE (2022 - 2023):
Denmark-$80.1M (-57.5%)
Germany-$45.2M (-44.2%)
Pakistan-$30.7M (-55.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Scrap Iron were:
United States $6.91B
Germany $4.54B
United Kingdom $3.15B
In 2023, Sweden's main importing competitors in Scrap Iron were:
Turkey $7.59B
India $6.63B
Italy $2.59B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $31.3M
TOP IMPORT POTENTIALUnited States+ $10.3M

Scrap Iron’s highest export potential is India. With an export gap of $31.3M.   Scrap Iron’s highest import potential is United States with an import gap of $10.3M.

See methodology.

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