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2022
Exports $12.9BWorld Rnk 22 / 214
Flag Rnk 1 / 1212
2022
Destination $1.41B Norway
2021 - 2022
FASTEST GROWING MARKET $1.41BNorway
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $8.81BWorld Rnk 33 / 225
Flag Rnk 3 / 1213
2022
Origin $1.07B Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $1.07BNetherlands
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $12.9B in Refined Petroleum, making it the 22nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most exported product in Sweden. The main destination of Refined Petroleum exports from Sweden are: Norway ($2.97B), Finland ($2.3B), United Kingdom ($1.71B), United States ($1.09B), and Netherlands ($1.08B).

The fastest growing export markets for Refined Petroleum of Sweden between 2021 and 2022 were Norway ($1.41B), Finland ($969M), and Belgium ($443M).

Imports In 2022, Sweden imported $8.81B in Refined Petroleum, becoming the 33rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 3rd most imported product in Sweden. Sweden imports Refined Petroleum primarily from: Netherlands ($2.75B), Finland ($1.86B), Norway ($1.29B), Denmark ($948M), and Germany ($287M).

The fastest growing import markets in Refined Petroleum for Sweden between 2021 and 2022 were Netherlands ($1.07B), Norway ($758M), and Finland ($630M).

COMPANIES In 2023, leading companies such as Konecranes (2) were at the forefront of shipping Refined Petroleum from Sweden to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Sweden's Refined Petroleum exports accounted up to SEK8.2B and imports accounted up to SEK4.41B, resulting in a positive trade balance of SEK3.79B. Between June 2023 and June 2024 the exports of Sweden's   Refined Petroleum have increased by SEK152M (1.89%) from SEK8.05B to SEK8.2B, while imports decreased by SEK-2.77B (-38.6%) from SEK7.18B to SEK4.41B.

Destinations In June 2024, Refined Petroleum were exported mostly to United Kingdom (SEK1.38B), Finland (SEK1.25B), Belgium (SEK1.15B), Poland (SEK1.09B), and Norway (SEK911M), and were imported mostly from Denmark (SEK1.2B), Finland (SEK1.05B), Netherlands (SEK1.01B), Kuwait (SEK288M), and Belgium (SEK245M).

Growth In June 2024, the increase in Refined Petroleum's year-by-year exports was explained primarily by an increase in exports to United Kingdom (SEK898M or 59.3%), Denmark (SEK629M or 111%), and Norway (SEK611M or 58.1%). In June 2024, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from Netherlands (SEK-217M or -11.4%), Finland (SEK-185M or -15.1%), and United States (SEK-147M or -98.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)SEK152M(1.89%)
IMPORT GROWTH (June 2023 - June 2024)SEK-2.77B(-38.6%)
MAIN EXPORTER (June 2024)undefined9.53B
MAIN DESTINATION (June 2024)United KingdomSEK1.38B

This section shows Refined Petroleum'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 Refined Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$12.9B
IMPORTS (2022)$8.81B
NET TRADE (2022)$4.07B

In 2022, Sweden exported $12.9B in Refined Petroleum. The main destinations of Sweden exports on Refined Petroleum were Norway ($2.97B), Finland ($2.3B), United Kingdom ($1.71B), United States ($1.09B), and Netherlands ($1.08B).

In 2022, Sweden imported $8.81B in Refined Petroleum, mainly from Netherlands ($2.75B), Finland ($1.86B), Norway ($1.29B), Denmark ($948M), and Germany ($287M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Norway$1.41B (89.8%)
Finland$969M (73%)
Belgium$443M (75.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Sweden WERE (2021 - 2022):
Gibraltar-$192M (-88.7%)
France-$123M (-48.5%)
Spain-$61M (-25.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Sweden's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $478M
TOP IMPORT POTENTIALUnited States+ $227M

Refined Petroleum’s highest export potential is United States. With an export gap of $478M.   Refined Petroleum’s highest import potential is United States with an import gap of $227M.

See methodology.

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