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2022
Exports $584kWorld Rnk 69 / 139
Flag Rnk 1003 / 1212
2022
Destination $71k Denmark
2021 - 2022
FASTEST GROWING MARKET $71kFrance
2022
PRODUCT COMPLEXITY IN Soybeans-1.62Rnk 963 / 1025
2022
Imports $18.3MWorld Rnk 64 / 200
Flag Rnk 679 / 1213
2022
Origin $655k Kazakhstan
2021 - 2022
FASTEST GROWING ORIGIN $655kChina
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $584k in Soybeans, making it the 69th largest exporter of Soybeans in the world. At the same year, Soybeans was the 1003rd most exported product in Sweden. The main destination of Soybeans exports from Sweden are: Denmark ($220k), France ($79.8k), Belgium ($65.9k), Netherlands ($54.1k), and Hungary ($43k).

The fastest growing export markets for Soybeans of Sweden between 2021 and 2022 were France ($71k), Belgium ($65.9k), and Denmark ($46.1k).

Imports In 2022, Sweden imported $18.3M in Soybeans, becoming the 64th largest importer of Soybeans in the world. At the same year, Soybeans was the 679th most imported product in Sweden. Sweden imports Soybeans primarily from: Kazakhstan ($6.95M), Denmark ($5M), Italy ($1.84M), China ($1.73M), and Netherlands ($1.42M).

The fastest growing import markets in Soybeans for Sweden between 2021 and 2022 were China ($655k), Netherlands ($313k), and Austria ($274k).

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Soybeans exports accounted up to SEK627k and imports accounted up to SEK15.4M, resulting in a negative trade balance of SEK14.8M. Between May 2023 and May 2024 the exports of Sweden's   Soybeans have increased by SEK82k (15%) from SEK545k to SEK627k, while imports decreased by SEK-23M (-60%) from SEK38.4M to SEK15.4M.

Destinations In May 2024, Soybeans were exported mostly to Norway (SEK227k), Belgium (SEK166k), France (SEK105k), Denmark (SEK66k), and Finland (SEK59k), and were imported mostly from Denmark (SEK10.8M), China (SEK2.75M), France (SEK1.48M), Germany (SEK342k), and Netherlands (SEK26k).

Growth In May 2024, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to France (SEK144k or 2.4k%). In May 2024, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from China (SEK-850k or -39.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK82k(15%)
IMPORT GROWTH (May 2023 - May 2024)SEK-23M(-60%)
MAIN EXPORTER (May 2024)undefined627k
MAIN DESTINATION (May 2024)NorwaySEK227k

This section shows Soybeans'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 Soybeans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$584k
IMPORTS (2022)$18.3M
NET TRADE (2022)-$17.7M

In 2022, Sweden exported $584k in Soybeans. The main destinations of Sweden exports on Soybeans were Denmark ($220k), France ($79.8k), Belgium ($65.9k), Netherlands ($54.1k), and Hungary ($43k).

In 2022, Sweden imported $18.3M in Soybeans, mainly from Kazakhstan ($6.95M), Denmark ($5M), Italy ($1.84M), China ($1.73M), and Netherlands ($1.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
France$71k (812%)
Belgium$65.9k (1%)
Denmark$46.1k (26.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Sweden WERE (2021 - 2022):
Italy-$474k (-100%)
Germany-$43.1k (-69.6%)
Hungary-$42.3k (-49.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Soybeans were:
Brazil $47.2B
United States $34.6B
Argentina $3.25B
In 2022, Sweden's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $83.2k
TOP IMPORT POTENTIALCanada+ $354k

Soybeans’s highest export potential is Netherlands. With an export gap of $83.2k.   Soybeans’s highest import potential is Canada with an import gap of $354k.

See methodology.

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