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2022
Exports $5.06MWorld Rnk 30 / 89
Flag Rnk 758 / 1212
2022
Destination $1.6M United States
2021 - 2022
FASTEST GROWING MARKET $1.6MDenmark
2022
PRODUCT COMPLEXITY IN Iron Reductions-1.54Rnk 951 / 1025
2022
Imports $2.64MWorld Rnk 44 / 144
Flag Rnk 971 / 1213
2022
Origin $40.6k United States
2021 - 2022
FASTEST GROWING ORIGIN $40.6kNetherlands
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $5.06M in Iron Reductions, making it the 30th largest exporter of Iron Reductions in the world. At the same year, Iron Reductions was the 758th most exported product in Sweden. The main destination of Iron Reductions exports from Sweden are: United States ($2.11M), Denmark ($1.66M), Netherlands ($412k), Norway ($349k), and France ($156k).

The fastest growing export markets for Iron Reductions of Sweden between 2021 and 2022 were Denmark ($1.6M), Netherlands ($411k), and Norway ($68.2k).

Imports In 2022, Sweden imported $2.64M in Iron Reductions, becoming the 44th largest importer of Iron Reductions in the world. At the same year, Iron Reductions was the 971st most imported product in Sweden. Sweden imports Iron Reductions primarily from: United States ($2.21M), Denmark ($273k), Netherlands ($40.6k), Lithuania ($34.7k), and Austria ($31.3k).

The fastest growing import markets in Iron Reductions for Sweden between 2021 and 2022 were Netherlands ($40.6k), Austria ($31.3k), and Germany ($8.54k).

Latest Trends

August 2024

About

Overview In August 2024 Sweden's Iron Reductions exports accounted up to SEK4.38M and imports accounted up to SEK104k, resulting in a positive trade balance of SEK4.28M. Between July 2023 and August 2024 the exports of Sweden's   Iron Reductions have increased by SEK3.9M (811%) from SEK481k to SEK4.38M, while imports decreased by SEK-35k (-25.2%) from SEK139k to SEK104k.

Destinations In August 2024, Iron Reductions were exported mostly to United States (SEK3.16M), Iceland (SEK567k), Thailand (SEK428k), Italy (SEK118k), and Austria (SEK99k), and were imported mostly from .

Growth In August 2024, the increase in Iron Reductions's year-by-year exports was explained primarily by an increase in exports to United States (SEK654k or 34.4%) and Norway (SEK34k or 1.7k%). In July 2024, the decrease in Iron Reductions's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - August 2024)SEK3.9M(811%)
IMPORT GROWTH (March 2023 - July 2024)SEK-35k(-25.2%)
MAIN EXPORTER (August 2024)undefined4.38M
MAIN DESTINATION (August 2024)United StatesSEK3.16M

This section shows Iron Reductions'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 Reductions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$5.06M
IMPORTS (2022)$2.64M
NET TRADE (2022)$2.42M

In 2022, Sweden exported $5.06M in Iron Reductions. The main destinations of Sweden exports on Iron Reductions were United States ($2.11M), Denmark ($1.66M), Netherlands ($412k), Norway ($349k), and France ($156k).

In 2022, Sweden imported $2.64M in Iron Reductions, mainly from United States ($2.21M), Denmark ($273k), Netherlands ($40.6k), Lithuania ($34.7k), and Austria ($31.3k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Reductions EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Denmark$1.6M (2.84k%)
Netherlands$411k (52.6k%)
Norway$68.2k (24.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Reductions BY Sweden WERE (2021 - 2022):
Saudi Arabia-$544M (-100%)
United States-$515k (-19.6%)
France-$92.1k (-37.1%)
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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 Reductions were:
Russia $1.26B
Trinidad and Tobago $872M
Qatar $625M
In 2022, Sweden's main importing competitors in Iron Reductions were:
United States $885M
Kuwait $767M
Italy $415M

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Trade Value of Iron Reductions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $660k
TOP IMPORT POTENTIALNetherlands+ $37.6k

Iron Reductions’s highest export potential is United States. With an export gap of $660k.   Iron Reductions’s highest import potential is Netherlands with an import gap of $37.6k.

See methodology.

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