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2023
Exports $2.92BWorld Rnk 6 / 127
Flag Rnk 13 / 1210
2023
Destination $123M Germany
2022 - 2023
FASTEST GROWING MARKET $123MQatar
2023
PRODUCT COMPLEXITY IN Iron Ore-1.87Rnk 987 / 1025
2023
Imports $11.8MWorld Rnk 48 / 125
Flag Rnk 739 / 1213
2023
Origin $5.1M United Kingdom
2022 - 2023
FASTEST GROWING ORIGIN $5.1MUnited Kingdom
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $2.92B in Iron Ore, making it the 6th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 13th most exported product in Sweden. The main destination of Iron Ore exports from Sweden are: Germany ($627M), Finland ($351M), Saudi Arabia ($271M), Turkey ($234M), and Netherlands ($233M).

The fastest growing export markets for Iron Ore of Sweden between 2022 and 2023 were Qatar ($123M), China ($61.7M), and Austria ($60.1M).

Imports In 2023, Sweden imported $11.8M in Iron Ore, becoming the 48th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 739th most imported product in Sweden. Sweden imports Iron Ore primarily from: United Kingdom ($5.1M), Ukraine ($3.63M), Norway ($2.72M), South Africa ($164k), and United States ($67.6k).

The fastest growing import markets in Iron Ore for Sweden between 2022 and 2023 were United Kingdom ($5.1M), Ukraine ($3.63M), and Norway ($1.08M).

COMPANIES In 2023, leading companies such as Teknor Apex (1) were at the forefront of shipping Iron Ore from Sweden to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Iron Ore exports accounted up to SEK2.8B and imports accounted up to SEK808k, resulting in a positive trade balance of SEK2.8B. Between October 2023 and October 2024 the exports of Sweden's   Iron Ore have decreased by SEK-2.3B (-45%) from SEK5.1B to SEK2.8B, while imports decreased by SEK-5.9M (-87.9%) from SEK6.7M to SEK808k.

Destinations In October 2024, Iron Ore were exported mostly to Germany (SEK591M), Saudi Arabia (SEK491M), Egypt (SEK258M), Finland (SEK257M), and United Arab Emirates (SEK240M), and were imported mostly from Germany (SEK405k), South Africa (SEK397k), and Norway (SEK6k).

Growth In October 2024, the decrease in Iron Ore's year-by-year exports was explained primarily by a decrease in exports to China (SEK-205M or -99.9%), United Kingdom (SEK-86.6M or -42.2%), and Germany (SEK-72.3M or -15.8%). In October 2024, the decrease in Iron Ore's year-by-year imports was explained primarily by a decrease in imports from Germany (SEK-149k or -41.4%) and Poland (SEK-90k or -11.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-2.3B(-45%)
IMPORT GROWTH (October 2023 - October 2024)SEK-5.9M(-87.9%)
MAIN EXPORTER (October 2024)undefined3.31B
MAIN DESTINATION (October 2024)GermanySEK591M

This section shows Iron Ore'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 Ore over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.92B
IMPORTS (2023)$11.8M
NET TRADE (2023)$2.91B

In 2023, Sweden exported $2.92B in Iron Ore. The main destinations of Sweden exports on Iron Ore were Germany ($627M), Finland ($351M), Saudi Arabia ($271M), Turkey ($234M), and Netherlands ($233M).

In 2023, Sweden imported $11.8M in Iron Ore, mainly from United Kingdom ($5.1M), Ukraine ($3.63M), Norway ($2.72M), South Africa ($164k), and United States ($67.6k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Qatar$123M (134%)
China$61.7M (59.1%)
Austria$60.1M (495%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Sweden WERE (2022 - 2023):
Saudi Arabia-$154M (-36.3%)
United States-$100M (-57%)
Belgium-$78.5M (-49.5%)
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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 Ore were:
Australia $85.4B
Brazil $34B
Canada $7.23B
In 2023, Sweden's main importing competitors in Iron Ore were:
China $112B
Japan $9.3B
South Korea $7.07B

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Trade Value of Iron Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $174M
TOP IMPORT POTENTIALNorway+ $1.08M

Iron Ore’s highest export potential is China. With an export gap of $174M.   Iron Ore’s highest import potential is Norway with an import gap of $1.08M.

See methodology.

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