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2022
Exports $3.55BWorld Rnk 5 / 128
Flag Rnk 10 / 1212
2022
Destination $112M Germany
2021 - 2022
FASTEST GROWING MARKET $112MSingapore
2022
PRODUCT COMPLEXITY IN Iron Ore-1.79Rnk 980 / 1025
2022
Imports $21.5MWorld Rnk 50 / 130
Flag Rnk 655 / 1213
2022
Origin $11.3M India
2021 - 2022
FASTEST GROWING ORIGIN $11.3MIndia
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $3.55B in Iron Ore, making it the 5th largest exporter of Iron Ore in the world. At the same year, Iron Ore was the 10th most exported product in Sweden. The main destination of Iron Ore exports from Sweden are: Germany ($671M), Saudi Arabia ($425M), Finland ($418M), Netherlands ($387M), and Turkey ($295M).

The fastest growing export markets for Iron Ore of Sweden between 2021 and 2022 were Singapore ($112M), Turkey ($13.4M), and Malaysia ($11M).

Imports In 2022, Sweden imported $21.5M in Iron Ore, becoming the 50th largest importer of Iron Ore in the world. At the same year, Iron Ore was the 655th most imported product in Sweden. Sweden imports Iron Ore primarily from: India ($11.3M), Finland ($7.6M), Norway ($1.95M), Poland ($430k), and South Africa ($71.9k).

The fastest growing import markets in Iron Ore for Sweden between 2021 and 2022 were India ($11.3M), Finland ($5.32M), and Poland ($93.3k).

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

July 2024

About

Overview In July 2024 Sweden's Iron Ore exports accounted up to SEK3.22B and imports accounted up to SEK210k, resulting in a positive trade balance of SEK3.22B. Between July 2023 and July 2024 the exports of Sweden's   Iron Ore have increased by SEK760M (30.9%) from SEK2.46B to SEK3.22B, while imports decreased by SEK-44M (-99.5%) from SEK44.3M to SEK210k.

Destinations In July 2024, Iron Ore were exported mostly to Netherlands (SEK568M), Germany (SEK561M), United Arab Emirates (SEK343M), Egypt (SEK282M), and Saudi Arabia (SEK282M), and were imported mostly from South Africa (SEK203k), Norway (SEK6k), and Brazil (SEK1k).

Growth In July 2024, the increase in Iron Ore's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia (SEK342M or 151%), Austria (SEK168M or 580k%), and Belgium (SEK54.1M or 89.1%). In July 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 (July 2023 - July 2024)SEK760M(30.9%)
IMPORT GROWTH (July 2023 - July 2024)SEK-44M(-99.5%)
MAIN EXPORTER (July 2024)undefined3.31B
MAIN DESTINATION (July 2024)NetherlandsSEK568M

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 (2022)$3.55B
IMPORTS (2022)$21.5M
NET TRADE (2022)$3.52B

In 2022, Sweden exported $3.55B in Iron Ore. The main destinations of Sweden exports on Iron Ore were Germany ($671M), Saudi Arabia ($425M), Finland ($418M), Netherlands ($387M), and Turkey ($295M).

In 2022, Sweden imported $21.5M in Iron Ore, mainly from India ($11.3M), Finland ($7.6M), Norway ($1.95M), Poland ($430k), and South Africa ($71.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Ore EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Singapore$112M (267%)
Turkey$13.4M (4.77%)
Malaysia$11M (190k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Ore BY Sweden WERE (2021 - 2022):
United Kingdom-$227M (-59.7%)
Belgium-$146M (-50%)
Germany-$145M (-17.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Iron Ore were:
Australia $87.9B
Brazil $30.1B
Canada $6.81B
In 2022, Sweden's main importing competitors in Iron Ore were:
China $103B
Japan $11.3B
South Korea $7.58B

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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.

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