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2023
Exports $474MWorld Rnk 1 / 118
Flag Rnk 75 / 1210
2023
Destination $11M China
2022 - 2023
FASTEST GROWING MARKET $11MChina
2023
PRODUCT COMPLEXITY IN Iron Powder0.86Rnk 230 / 1025
2023
Imports $19MWorld Rnk 28 / 169
Flag Rnk 655 / 1213
2023
Origin $1.9M Germany
2022 - 2023
FASTEST GROWING ORIGIN $1.9MSpain
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $474M in Iron Powder, making it the 1st largest exporter of Iron Powder in the world. At the same year, Iron Powder was the 75th most exported product in Sweden. The main destination of Iron Powder exports from Sweden are: China ($89.7M), Germany ($64.4M), South Korea ($49M), Japan ($40.1M), and United States ($35.9M).

The fastest growing export markets for Iron Powder of Sweden between 2022 and 2023 were China ($11M), Spain ($3.87M), and Slovakia ($2.4M).

Imports In 2023, Sweden imported $19M in Iron Powder, becoming the 28th largest importer of Iron Powder in the world. At the same year, Iron Powder was the 655th most imported product in Sweden. Sweden imports Iron Powder primarily from: Germany ($4.66M), United Kingdom ($3.24M), Spain ($2.89M), United States ($2.03M), and Belgium ($1.79M).

The fastest growing import markets in Iron Powder for Sweden between 2022 and 2023 were Spain ($1.9M), Germany ($792k), and United Kingdom ($561k).

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Iron Powder exports accounted up to SEK351M and imports accounted up to SEK9.48M, resulting in a positive trade balance of SEK342M. Between October 2023 and October 2024 the exports of Sweden's   Iron Powder have decreased by SEK-66.1M (-15.8%) from SEK417M to SEK351M, while imports decreased by SEK-10.6M (-52.8%) from SEK20.1M to SEK9.48M.

Destinations In October 2024, Iron Powder were exported mostly to China (SEK71.2M), Germany (SEK40.4M), South Korea (SEK37.9M), Japan (SEK31.3M), and Spain (SEK26.3M), and were imported mostly from Germany (SEK2.42M), Belgium (SEK2.29M), United States (SEK1.96M), United Kingdom (SEK1.14M), and Spain (SEK759k).

Growth In October 2024, the decrease in Iron Powder's year-by-year exports was explained primarily by a decrease in exports to China (SEK-36.6M or -42.8%), Japan (SEK-12.9M or -23.6%), and South Korea (SEK-8.69M or -15.5%). In October 2024, the decrease in Iron Powder's year-by-year imports was explained primarily by a decrease in imports from United States (SEK-3.48M or -92%), United Kingdom (SEK-67k or -4.92%), and Belgium (SEK-9k or -0.68%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-66.1M(-15.8%)
IMPORT GROWTH (October 2023 - October 2024)SEK-10.6M(-52.8%)
MAIN EXPORTER (October 2024)undefined445M
MAIN DESTINATION (October 2024)ChinaSEK71.2M

This section shows Iron Powder'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 Powder over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$474M
IMPORTS (2023)$19M
NET TRADE (2023)$455M

In 2023, Sweden exported $474M in Iron Powder. The main destinations of Sweden exports on Iron Powder were China ($89.7M), Germany ($64.4M), South Korea ($49M), Japan ($40.1M), and United States ($35.9M).

In 2023, Sweden imported $19M in Iron Powder, mainly from Germany ($4.66M), United Kingdom ($3.24M), Spain ($2.89M), United States ($2.03M), and Belgium ($1.79M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Powder EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
China$11M (14%)
Spain$3.87M (14.6%)
Slovakia$2.4M (22.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Powder BY Sweden WERE (2022 - 2023):
South Korea-$13.6M (-21.8%)
Japan-$10.5M (-20.8%)
Austria-$6.09M (-18.7%)
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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 Powder were:
China $297M
Japan $241M
In 2023, Sweden's main importing competitors in Iron Powder were:
China $273M
United States $264M
Germany $249M

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Trade Value of Iron Powder by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $2.48M
TOP IMPORT POTENTIALFrance+ $367k

Iron Powder’s highest export potential is India. With an export gap of $2.48M.   Iron Powder’s highest import potential is France with an import gap of $367k.

See methodology.

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