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2022
Exports $8.25BWorld Rnk 15 / 217
Flag Rnk 3 / 1212
2022
Destination $224M United States
2021 - 2022
FASTEST GROWING MARKET $224MGermany
2022
PRODUCT COMPLEXITY IN Packaged Medicaments0.67Rnk 291 / 1025
2022
Imports $2.73BWorld Rnk 29 / 224
Flag Rnk 8 / 1213
2022
Origin $74M Denmark
2021 - 2022
FASTEST GROWING ORIGIN $74MItaly
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $8.25B in Packaged Medicaments, making it the 15th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most exported product in Sweden. The main destination of Packaged Medicaments exports from Sweden are: United States ($1.29B), Germany ($963M), China ($661M), Japan ($604M), and France ($504M).

The fastest growing export markets for Packaged Medicaments of Sweden between 2021 and 2022 were Germany ($224M), Russia ($77.9M), and Canada ($63.9M).

Imports In 2022, Sweden imported $2.73B in Packaged Medicaments, becoming the 29th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 8th most imported product in Sweden. Sweden imports Packaged Medicaments primarily from: Denmark ($541M), Germany ($497M), Italy ($327M), Netherlands ($282M), and Belgium ($204M).

The fastest growing import markets in Packaged Medicaments for Sweden between 2021 and 2022 were Italy ($74M), Ireland ($29.9M), and China ($22.1M).

Latest Trends

June 2024

About

Overview In June 2024 Sweden's Packaged Medicaments exports accounted up to SEK6.76B and imports accounted up to SEK3.34B, resulting in a positive trade balance of SEK3.42B. Between June 2023 and June 2024 the exports of Sweden's   Packaged Medicaments have increased by SEK619M (10.1%) from SEK6.14B to SEK6.76B, while imports increased by SEK138M (4.3%) from SEK3.2B to SEK3.34B.

Destinations In June 2024, Packaged Medicaments were exported mostly to China (SEK700M), Germany (SEK674M), United Kingdom (SEK588M), Canada (SEK569M), and France (SEK521M), and were imported mostly from Denmark (SEK878M), Belgium (SEK473M), Germany (SEK471M), Netherlands (SEK312M), and France (SEK251M).

Growth In June 2024, the increase in Packaged Medicaments's year-by-year exports was explained primarily by an increase in exports to Germany (SEK450M or 74.6%), Spain (SEK350M or 221%), and France (SEK343M or 695%). In June 2024, the increase in Packaged Medicaments's year-by-year imports was explained primarily by an increase in imports from Germany (SEK136M or 37.1%), United States (SEK50.6M or 296%), and Finland (SEK34.1M or 108%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)SEK619M(10.1%)
IMPORT GROWTH (June 2023 - June 2024)SEK138M(4.3%)
MAIN EXPORTER (June 2024)undefined7.4B
MAIN DESTINATION (June 2024)ChinaSEK700M

This section shows Packaged Medicaments'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 Packaged Medicaments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.25B
IMPORTS (2022)$2.73B
NET TRADE (2022)$5.52B

In 2022, Sweden exported $8.25B in Packaged Medicaments. The main destinations of Sweden exports on Packaged Medicaments were United States ($1.29B), Germany ($963M), China ($661M), Japan ($604M), and France ($504M).

In 2022, Sweden imported $2.73B in Packaged Medicaments, mainly from Denmark ($541M), Germany ($497M), Italy ($327M), Netherlands ($282M), and Belgium ($204M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Germany$224M (30.3%)
Russia$77.9M (55%)
Canada$63.9M (28.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Sweden WERE (2021 - 2022):
China-$323M (-32.8%)
Japan-$105M (-14.9%)
United Kingdom-$72.3M (-24.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Packaged Medicaments were:
Germany $74.8B
Switzerland $45.4B
United States $38.2B
In 2022, Sweden's main importing competitors in Packaged Medicaments were:
United States $91.3B
Switzerland $32.9B
Germany $32B

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $477M
TOP IMPORT POTENTIALGermany+ $170M

Packaged Medicaments’s highest export potential is United States. With an export gap of $477M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $170M.

See methodology.

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