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2022
Exports $583MWorld Rnk 32 / 224
Flag Rnk 62 / 1212
2022
Destination $5.4M Norway
2021 - 2022
FASTEST GROWING MARKET $5.4MNetherlands
2022
PRODUCT COMPLEXITY IN Medical Instruments0.76Rnk 260 / 1025
2022
Imports $1.01BWorld Rnk 27 / 225
Flag Rnk 27 / 1213
2022
Origin $17.4M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $17.4MNetherlands
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $583M in Medical Instruments, making it the 32nd largest exporter of Medical Instruments in the world. At the same year, Medical Instruments was the 62nd most exported product in Sweden. The main destination of Medical Instruments exports from Sweden are: Norway ($89.1M), Denmark ($73M), United States ($66.6M), Netherlands ($54.2M), and Finland ($50.6M).

The fastest growing export markets for Medical Instruments of Sweden between 2021 and 2022 were Netherlands ($5.4M), United Kingdom ($2.45M), and Hong Kong ($2.29M).

Imports In 2022, Sweden imported $1.01B in Medical Instruments, becoming the 27th largest importer of Medical Instruments in the world. At the same year, Medical Instruments was the 27th most imported product in Sweden. Sweden imports Medical Instruments primarily from: Netherlands ($320M), Germany ($194M), Belgium ($74.3M), Denmark ($55.4M), and United States ($50.1M).

The fastest growing import markets in Medical Instruments for Sweden between 2021 and 2022 were Netherlands ($17.4M), Chinese Taipei ($4.66M), and Denmark ($3.06M).

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Medical Instruments exports accounted up to SEK635M and imports accounted up to SEK1.08B, resulting in a negative trade balance of SEK449M. Between May 2023 and May 2024 the exports of Sweden's   Medical Instruments have increased by SEK103M (19.3%) from SEK532M to SEK635M, while imports increased by SEK5.74M (0.53%) from SEK1.08B to SEK1.08B.

Destinations In May 2024, Medical Instruments were exported mostly to United States (SEK105M), Norway (SEK102M), Netherlands (SEK67.2M), Denmark (SEK61.5M), and Finland (SEK56.8M), and were imported mostly from Netherlands (SEK351M), Germany (SEK238M), Belgium (SEK95.5M), Denmark (SEK78.9M), and United States (SEK45.3M).

Growth In May 2024, the increase in Medical Instruments's year-by-year exports was explained primarily by an increase in exports to Germany (SEK35.4M or 268%), France (SEK14.1M or 138%), and Australia (SEK7.66M or 592%). In May 2024, the increase in Medical Instruments's year-by-year imports was explained primarily by an increase in imports from Netherlands (SEK84.3M or 47.9%), China (SEK13.6M or 73.2%), and Italy (SEK9.98M or 118%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK103M(19.3%)
IMPORT GROWTH (May 2023 - May 2024)SEK5.74M(0.53%)
MAIN EXPORTER (May 2024)undefined635M
MAIN DESTINATION (May 2024)United StatesSEK105M

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 (2022)$583M
IMPORTS (2022)$1.01B
NET TRADE (2022)-$430M

In 2022, Sweden exported $583M in Medical Instruments. The main destinations of Sweden exports on Medical Instruments were Norway ($89.1M), Denmark ($73M), United States ($66.6M), Netherlands ($54.2M), and Finland ($50.6M).

In 2022, Sweden imported $1.01B in Medical Instruments, mainly from Netherlands ($320M), Germany ($194M), Belgium ($74.3M), Denmark ($55.4M), and United States ($50.1M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Medical Instruments EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Netherlands$5.4M (11.1%)
United Kingdom$2.45M (6.38%)
Hong Kong$2.29M (133%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Medical Instruments BY Sweden WERE (2021 - 2022):
China-$20.8M (-70.2%)
Italy-$20M (-65.8%)
Norway-$9.78M (-9.89%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Medical Instruments were:
United States $33.3B
Germany $17.6B
Mexico $14.1B
In 2022, Sweden's main importing competitors in Medical Instruments were:
United States $34.7B
Netherlands $12.9B
Germany $11.4B

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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