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2023
Exports $674MWorld Rnk 32 / 217
Flag Rnk 52 / 1210
2023
Destination $33.4M United States
2022 - 2023
FASTEST GROWING MARKET $33.4MNetherlands
2023
PRODUCT COMPLEXITY IN Medical Instruments0.73Rnk 272 / 1025
2023
Imports $1.12BWorld Rnk 27 / 226
Flag Rnk 21 / 1213
2023
Origin $70.6M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $70.6MNetherlands
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $674M in Medical Instruments, making it the 32nd largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 52nd most exported product in Sweden. The main destination of Medical Instruments exports from Sweden are: United States ($97.7M), Denmark ($80.1M), Netherlands ($74.2M), Germany ($52.2M), and Finland ($51.2M).

The fastest growing export markets for Medical Instruments of Sweden between 2022 and 2023 were Netherlands ($33.4M), Italy ($12M), and United States ($8.46M).

Imports In 2023, Sweden imported $1.12B in Medical Instruments, becoming the 27th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 21st most imported product in Sweden. Sweden imports Medical Instruments primarily from: Netherlands ($387M), Germany ($178M), Belgium ($112M), Denmark ($69.9M), and United States ($50.3M).

The fastest growing import markets in Medical Instruments for Sweden between 2022 and 2023 were Netherlands ($70.6M), Czechia ($9.71M), and Italy ($9.09M).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Medical Instruments exports accounted up to SEK616M and imports accounted up to SEK1.16B, resulting in a negative trade balance of SEK543M. Between November 2023 and November 2024 the exports of Sweden's   Medical Instruments have decreased by SEK-277M (-31%) from SEK893M to SEK616M, while imports decreased by SEK-83.9M (-6.75%) from SEK1.24B to SEK1.16B.

Destinations In November 2024, Medical Instruments were exported mostly to Norway (SEK104M), United States (SEK69.1M), Netherlands (SEK68.7M), Denmark (SEK68.4M), and Finland (SEK58.6M), and were imported mostly from Netherlands (SEK408M), Germany (SEK224M), Belgium (SEK108M), Denmark (SEK78.7M), and Finland (SEK41.1M).

Growth In November 2024, the decrease in Medical Instruments's year-by-year exports was explained primarily by a decrease in exports to Netherlands (SEK-15.5M or -25.5%), Italy (SEK-5.57M or -48.7%), and Russia (SEK-4.52M or -98%). In November 2024, the decrease in Medical Instruments's year-by-year imports was explained primarily by a decrease in imports from Austria (SEK-33.3M or -69.4%), Germany (SEK-28.6M or -15.7%), and France (SEK-10.2M or -35.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK-277M(-31%)
IMPORT GROWTH (November 2023 - November 2024)SEK-83.9M(-6.75%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)NorwaySEK104M

This section shows Medical Instruments'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 Medical Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$674M
IMPORTS (2023)$1.12B
NET TRADE (2023)-$450M

In 2023, Sweden exported $674M in Medical Instruments. The main destinations of Sweden exports on Medical Instruments were United States ($97.7M), Denmark ($80.1M), Netherlands ($74.2M), Germany ($52.2M), and Finland ($51.2M).

In 2023, Sweden imported $1.12B in Medical Instruments, mainly from Netherlands ($387M), Germany ($178M), Belgium ($112M), Denmark ($69.9M), and United States ($50.3M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Netherlands$33.4M (81.7%)
Italy$12M (62.6%)
United States$8.46M (9.48%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Sweden WERE (2022 - 2023):
Saudi Arabia-$10.7M (-89.7%)
Norway-$7.47M (-15.7%)
France-$6.16M (-15.9%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Medical Instruments were:
United States $34.8B
Germany $18.4B
Mexico $17.6B
In 2023, Sweden's main importing competitors in Medical Instruments were:
United States $37.7B
Netherlands $14.1B
Germany $13.1B

Explore Visualizations

Trade Value of Medical Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $58.8M
TOP IMPORT POTENTIALUnited States+ $40.3M

Medical Instruments’s highest export potential is United States. With an export gap of $58.8M.   Medical Instruments’s highest import potential is United States with an import gap of $40.3M.

See methodology.

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