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2023
Exports $945MWorld Rnk 12 / 215
Flag Rnk 35 / 1210
2023
Destination $12.8M United States
2022 - 2023
FASTEST GROWING MARKET $12.8MIndia
2023
PRODUCT COMPLEXITY IN Chemical Analysis Instruments1.72Rnk 22 / 1025
2023
Imports $543MWorld Rnk 24 / 225
Flag Rnk 66 / 1213
2023
Origin $14M United States
2022 - 2023
FASTEST GROWING ORIGIN $14MIndia
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $945M in Chemical Analysis Instruments, making it the 12th largest exporter of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 35th most exported product in Sweden. The main destination of Chemical Analysis Instruments exports from Sweden are: United States ($262M), Singapore ($126M), China ($114M), South Korea ($45.9M), and United Kingdom ($39.5M).

The fastest growing export markets for Chemical Analysis Instruments of Sweden between 2022 and 2023 were India ($12.8M), Slovenia ($3.28M), and Brazil ($2.88M).

Imports In 2023, Sweden imported $543M in Chemical Analysis Instruments, becoming the 24th largest importer of Chemical Analysis Instruments in the world. At the same year, Chemical Analysis Instruments was the 66th most imported product in Sweden. Sweden imports Chemical Analysis Instruments primarily from: United States ($152M), Germany ($105M), Netherlands ($58.8M), Japan ($43.5M), and United Kingdom ($31.1M).

The fastest growing import markets in Chemical Analysis Instruments for Sweden between 2022 and 2023 were India ($14M), Netherlands ($10.9M), and Germany ($4.22M).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Chemical Analysis Instruments exports accounted up to SEK955M and imports accounted up to SEK478M, resulting in a positive trade balance of SEK477M. Between November 2023 and November 2024 the exports of Sweden's   Chemical Analysis Instruments have increased by SEK205M (27.3%) from SEK750M to SEK955M, while imports increased by SEK81.3M (20.5%) from SEK397M to SEK478M.

Destinations In November 2024, Chemical Analysis Instruments were exported mostly to United States (SEK408M), Singapore (SEK114M), South Korea (SEK47.2M), China (SEK43.2M), and Germany (SEK37.8M), and were imported mostly from United States (SEK217M), Germany (SEK72.9M), United Kingdom (SEK32.4M), Netherlands (SEK28.9M), and South Korea (SEK23.1M).

Growth In November 2024, the increase in Chemical Analysis Instruments's year-by-year exports was explained primarily by an increase in exports to Japan (SEK13.1M or 54.5%), Germany (SEK9.91M or 31.8%), and Italy (SEK8.17M or 153%). In November 2024, the increase in Chemical Analysis Instruments's year-by-year imports was explained primarily by an increase in imports from United States (SEK23.1M or 15.9%), Canada (SEK17.9M or 689%), and United Kingdom (SEK15.9M or 71.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK205M(27.3%)
IMPORT GROWTH (November 2023 - November 2024)SEK81.3M(20.5%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)United StatesSEK408M

This section shows Chemical Analysis Instruments'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 Chemical Analysis Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$945M
IMPORTS (2023)$543M
NET TRADE (2023)$402M

In 2023, Sweden exported $945M in Chemical Analysis Instruments. The main destinations of Sweden exports on Chemical Analysis Instruments were United States ($262M), Singapore ($126M), China ($114M), South Korea ($45.9M), and United Kingdom ($39.5M).

In 2023, Sweden imported $543M in Chemical Analysis Instruments, mainly from United States ($152M), Germany ($105M), Netherlands ($58.8M), Japan ($43.5M), and United Kingdom ($31.1M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical Analysis Instruments EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
India$12.8M (81.7%)
Slovenia$3.28M (195%)
Brazil$2.88M (46.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Analysis Instruments BY Sweden WERE (2022 - 2023):
Singapore-$101M (-44.6%)
United States-$56.8M (-17.8%)
Ireland-$19M (-77%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Chemical Analysis Instruments were:
United States $11.5B
Germany $8.68B
Japan $5.69B
In 2023, Sweden's main importing competitors in Chemical Analysis Instruments were:
China $8.13B
United States $7.89B
Germany $4.72B

Explore Visualizations

Trade Value of Chemical Analysis Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $60.4M
TOP IMPORT POTENTIALGermany+ $19.3M

Chemical Analysis Instruments’s highest export potential is China. With an export gap of $60.4M.   Chemical Analysis Instruments’s highest import potential is Germany with an import gap of $19.3M.

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