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2023
Exports $11.6MWorld Rnk 9 / 107
Flag Rnk 599 / 1210
2023
Destination $1.06M Germany
2022 - 2023
FASTEST GROWING MARKET $1.06MSpain
2023
PRODUCT COMPLEXITY IN Iron Ingots-1.38Rnk 922 / 1025
2023
Imports $6.01MWorld Rnk 18 / 175
Flag Rnk 855 / 1213
2023
Origin $95.3k Latvia
2022 - 2023
FASTEST GROWING ORIGIN $95.3kDenmark
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $11.6M in Iron Ingots, making it the 9th largest exporter of Iron Ingots in the world. At the same year, Iron Ingots was the 599th most exported product in Sweden. The main destination of Iron Ingots exports from Sweden are: Germany ($4.41M), Spain ($3.63M), Czechia ($1.34M), Latvia ($602k), and France ($479k).

The fastest growing export markets for Iron Ingots of Sweden between 2022 and 2023 were Spain ($1.06M), Latvia ($602k), and France ($473k).

Imports In 2023, Sweden imported $6.01M in Iron Ingots, becoming the 18th largest importer of Iron Ingots in the world. At the same year, Iron Ingots was the 855th most imported product in Sweden. Sweden imports Iron Ingots primarily from: Latvia ($1.59M), Denmark ($1.46M), Finland ($1.22M), Poland ($1.13M), and Germany ($207k).

The fastest growing import markets in Iron Ingots for Sweden between 2022 and 2023 were Denmark ($95.3k), United States ($49.7k), and Bosnia and Herzegovina ($42.2k).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Iron Ingots exports accounted up to SEK1.37M and imports accounted up to SEK3.07M, resulting in a negative trade balance of SEK1.7M. Between November 2023 and November 2024 the exports of Sweden's   Iron Ingots have decreased by SEK-38.9M (-96.6%) from SEK40.3M to SEK1.37M, while imports decreased by SEK-1.99M (-39.3%) from SEK5.06M to SEK3.07M.

Destinations In November 2024, Iron Ingots were exported mostly to Czechia (SEK911k), Germany (SEK393k), United States (SEK44k), Kuwait (SEK13k), and Norway (SEK12k), and were imported mostly from Denmark (SEK1.01M), Latvia (SEK772k), Finland (SEK635k), Italy (SEK230k), and United States (SEK177k).

Growth In November 2024, the decrease in Iron Ingots's year-by-year exports was explained primarily by a decrease in exports to Finland (SEK-266k or -70.9%). In November 2024, the decrease in Iron Ingots's year-by-year imports was explained primarily by a decrease in imports from China (SEK-1.58M or -92.3%) and Finland (SEK-595k or -25.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK-38.9M(-96.6%)
IMPORT GROWTH (November 2023 - November 2024)SEK-1.99M(-39.3%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)CzechiaSEK911k

This section shows Iron Ingots'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 Iron Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$11.6M
IMPORTS (2023)$6.01M
NET TRADE (2023)$5.58M

In 2023, Sweden exported $11.6M in Iron Ingots. The main destinations of Sweden exports on Iron Ingots were Germany ($4.41M), Spain ($3.63M), Czechia ($1.34M), Latvia ($602k), and France ($479k).

In 2023, Sweden imported $6.01M in Iron Ingots, mainly from Latvia ($1.59M), Denmark ($1.46M), Finland ($1.22M), Poland ($1.13M), and Germany ($207k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ingots EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Spain$1.06M (41.3%)
Latvia$602k (72k%)
France$473k (7.23k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ingots BY Sweden WERE (2022 - 2023):
Germany-$10.8M (-71%)
Finland-$209k (-40%)
United Kingdom-$200k (-98.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Iron Ingots were:
India $254M
China $65.3M
Italy $48.7M
In 2023, Sweden's main importing competitors in Iron Ingots were:
Italy $238M
Jordan $67.8M
Spain $41.3M

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Trade Value of Iron Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFinland+ $121k
TOP IMPORT POTENTIALChina+ $233k

Iron Ingots’s highest export potential is Finland. With an export gap of $121k.   Iron Ingots’s highest import potential is China with an import gap of $233k.

See methodology.

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