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2022
Exports $33MWorld Rnk 24 / 157
Flag Rnk 438 / 1212
2022
Destination $710k China
2021 - 2022
FASTEST GROWING MARKET $710kNorway
2022
PRODUCT COMPLEXITY IN Silicone1.72Rnk 20 / 1025
2022
Imports $56.9MWorld Rnk 34 / 215
Flag Rnk 437 / 1213
2022
Origin $1.94M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.94MUnited States
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $33M in Silicone, making it the 24th largest exporter of Silicone in the world. At the same year, Silicone was the 438th most exported product in Sweden. The main destination of Silicone exports from Sweden are: China ($16.8M), Denmark ($2.9M), Hong Kong ($1.84M), Norway ($1.27M), and Malaysia ($1.26M).

The fastest growing export markets for Silicone of Sweden between 2021 and 2022 were Norway ($710k), United States ($695k), and Finland ($675k).

Imports In 2022, Sweden imported $56.9M in Silicone, becoming the 34th largest importer of Silicone in the world. At the same year, Silicone was the 437th most imported product in Sweden. Sweden imports Silicone primarily from: Germany ($27M), United Kingdom ($6.67M), Netherlands ($6.4M), France ($5.74M), and United States ($4.14M).

The fastest growing import markets in Silicone for Sweden between 2021 and 2022 were United States ($1.94M), France ($1.13M), and Netherlands ($667k).

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Silicone exports accounted up to SEK27.9M and imports accounted up to SEK69.3M, resulting in a negative trade balance of SEK41.4M. Between May 2023 and May 2024 the exports of Sweden's   Silicone have increased by SEK3.53M (14.5%) from SEK24.4M to SEK27.9M, while imports increased by SEK20.9M (43.2%) from SEK48.4M to SEK69.3M.

Destinations In May 2024, Silicone were exported mostly to China (SEK13.5M), Malaysia (SEK3M), Denmark (SEK2.57M), Finland (SEK1.16M), and Hong Kong (SEK981k), and were imported mostly from Germany (SEK22.8M), Belgium (SEK13.5M), France (SEK12.8M), Netherlands (SEK8.23M), and United Kingdom (SEK4.35M).

Growth In May 2024, the increase in Silicone's year-by-year exports was explained primarily by an increase in exports to Vietnam (SEK1.41M or 4.28k%), Malaysia (SEK678k or 51.6%), and Italy (SEK643k or 2.14k%). In May 2024, the increase in Silicone's year-by-year imports was explained primarily by an increase in imports from Belgium (SEK5.92M or 219%), United Kingdom (SEK4.16M or 120%), and United States (SEK720k or 25.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK3.53M(14.5%)
IMPORT GROWTH (May 2023 - May 2024)SEK20.9M(43.2%)
MAIN EXPORTER (May 2024)undefined27.9M
MAIN DESTINATION (May 2024)ChinaSEK13.5M

This section shows Silicone'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 Silicone over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$33M
IMPORTS (2022)$56.9M
NET TRADE (2022)-$24M

In 2022, Sweden exported $33M in Silicone. The main destinations of Sweden exports on Silicone were China ($16.8M), Denmark ($2.9M), Hong Kong ($1.84M), Norway ($1.27M), and Malaysia ($1.26M).

In 2022, Sweden imported $56.9M in Silicone, mainly from Germany ($27M), United Kingdom ($6.67M), Netherlands ($6.4M), France ($5.74M), and United States ($4.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Silicone EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Norway$710k (127%)
United States$695k (165%)
Finland$675k (202%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Silicone BY Sweden WERE (2021 - 2022):
China-$2.01M (-10.7%)
Vietnam-$206k (-18.3%)
Denmark-$166k (-5.41%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Silicone were:
China $2.2B
Germany $2.07B
United States $1.55B
In 2022, Sweden's main importing competitors in Silicone were:
United States $1.2B
China $1B
South Korea $600M

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Trade Value of Silicone by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.35M
TOP IMPORT POTENTIALUnited States+ $2.2M

Silicone’s highest export potential is Germany. With an export gap of $1.35M.   Silicone’s highest import potential is United States with an import gap of $2.2M.

See methodology.

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