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2023
Exports $47.5MWorld Rnk 31 / 165
Flag Rnk 357 / 1210
2023
Destination $4.31M France
2022 - 2023
FASTEST GROWING MARKET $4.31MFinland
2023
PRODUCT COMPLEXITY IN Hydrogen-0.073Rnk 582 / 1025
2023
Imports $62.6MWorld Rnk 31 / 217
Flag Rnk 398 / 1213
2023
Origin $1.3M Norway
2022 - 2023
FASTEST GROWING ORIGIN $1.3MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $47.5M in Hydrogen, making it the 31st largest exporter of Hydrogen in the world. At the same year, Hydrogen was the 357th most exported product in Sweden. The main destination of Hydrogen exports from Sweden are: France ($16.1M), Finland ($8.87M), Denmark ($7.17M), Norway ($3.41M), and Hungary ($3.37M).

The fastest growing export markets for Hydrogen of Sweden between 2022 and 2023 were Finland ($4.31M), Hungary ($3.17M), and Italy ($1.91M).

Imports In 2023, Sweden imported $62.6M in Hydrogen, becoming the 31st largest importer of Hydrogen in the world. At the same year, Hydrogen was the 398th most imported product in Sweden. Sweden imports Hydrogen primarily from: Norway ($41.2M), Germany ($5.72M), Denmark ($4.22M), Finland ($3.18M), and France ($2.75M).

The fastest growing import markets in Hydrogen for Sweden between 2022 and 2023 were Germany ($1.3M), Finland ($1.21M), and Belgium ($1.07M).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Hydrogen exports accounted up to SEK15.1M and imports accounted up to SEK24.4M, resulting in a negative trade balance of SEK9.29M. Between November 2023 and November 2024 the exports of Sweden's   Hydrogen have decreased by SEK-34.9M (-69.8%) from SEK50M to SEK15.1M, while imports decreased by SEK-33.4M (-57.8%) from SEK57.8M to SEK24.4M.

Destinations In November 2024, Hydrogen were exported mostly to Denmark (SEK3.34M), Germany (SEK3.21M), Norway (SEK3.18M), France (SEK2.7M), and Finland (SEK1.33M), and were imported mostly from Norway (SEK12.3M), Denmark (SEK6M), Austria (SEK2.67M), Poland (SEK655k), and Iceland (SEK629k).

Growth In November 2024, the decrease in Hydrogen's year-by-year exports was explained primarily by a decrease in exports to Norway (SEK-3.03M or -51.9%), Latvia (SEK-1.53M or -93%), and Poland (SEK-1.42M or -97.1%). In November 2024, the decrease in Hydrogen's year-by-year imports was explained primarily by a decrease in imports from Germany (SEK-725k or -90.1%), United States (SEK-562k or -95.7%), and Finland (SEK-159k or -11.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK-34.9M(-69.8%)
IMPORT GROWTH (November 2023 - November 2024)SEK-33.4M(-57.8%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)DenmarkSEK3.34M

This section shows Hydrogen'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 Hydrogen over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$47.5M
IMPORTS (2023)$62.6M
NET TRADE (2023)-$15.1M

In 2023, Sweden exported $47.5M in Hydrogen. The main destinations of Sweden exports on Hydrogen were France ($16.1M), Finland ($8.87M), Denmark ($7.17M), Norway ($3.41M), and Hungary ($3.37M).

In 2023, Sweden imported $62.6M in Hydrogen, mainly from Norway ($41.2M), Germany ($5.72M), Denmark ($4.22M), Finland ($3.18M), and France ($2.75M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hydrogen EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Finland$4.31M (94.6%)
Hungary$3.17M (1.57k%)
Italy$1.91M (957%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrogen BY Sweden WERE (2022 - 2023):
France-$24.1M (-59.9%)
Norway-$2.03M (-37.3%)
Germany-$1.16M (-46.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Hydrogen were:
United States $2.15B
Germany $1.95B
China $1.93B
In 2023, Sweden's main importing competitors in Hydrogen were:
China $2.1B
Japan $1.45B
Germany $1.27B

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Trade Value of Hydrogen by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.07M
TOP IMPORT POTENTIALGermany+ $1.88M

Hydrogen’s highest export potential is Germany. With an export gap of $4.07M.   Hydrogen’s highest import potential is Germany with an import gap of $1.88M.

See methodology.

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