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2022
Exports $16.1MWorld Rnk 45 / 135
Flag Rnk 564 / 1212
2022
Destination $1.11M Netherlands
2021 - 2022
FASTEST GROWING MARKET $1.11MCzechia
2022
PRODUCT COMPLEXITY IN Soybean Oil-0.93Rnk 821 / 1025
2022
Imports $64.2MWorld Rnk 49 / 215
Flag Rnk 416 / 1213
2022
Origin $14.5M Norway
2021 - 2022
FASTEST GROWING ORIGIN $14.5MNorway
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $16.1M in Soybean Oil, making it the 45th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 564th most exported product in Sweden. The main destination of Soybean Oil exports from Sweden are: Netherlands ($3.8M), Austria ($2.24M), Denmark ($2.19M), Germany ($1.94M), and Czechia ($1.16M).

The fastest growing export markets for Soybean Oil of Sweden between 2021 and 2022 were Czechia ($1.11M), Ireland ($838k), and Vietnam ($815k).

Imports In 2022, Sweden imported $64.2M in Soybean Oil, becoming the 49th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 416th most imported product in Sweden. Sweden imports Soybean Oil primarily from: Norway ($45.4M), Netherlands ($14.5M), Germany ($2.07M), United Kingdom ($1.38M), and Denmark ($476k).

The fastest growing import markets in Soybean Oil for Sweden between 2021 and 2022 were Norway ($14.5M), Netherlands ($9.8M), and Germany ($737k).

Latest Trends

August 2024

About

Overview In August 2024 Sweden's Soybean Oil exports accounted up to SEK9.88M and imports accounted up to SEK33M, resulting in a negative trade balance of SEK23.1M. Between August 2023 and August 2024 the exports of Sweden's   Soybean Oil have increased by SEK4.73M (91.7%) from SEK5.15M to SEK9.88M, while imports increased by SEK227k (0.69%) from SEK32.7M to SEK33M.

Destinations In August 2024, Soybean Oil were exported mostly to Denmark (SEK3.62M), Netherlands (SEK2.3M), Austria (SEK2.1M), Italy (SEK620k), and Vietnam (SEK536k), and were imported mostly from Norway (SEK28.8M), Netherlands (SEK2.19M), Germany (SEK1.17M), Denmark (SEK418k), and United Kingdom (SEK345k).

Growth In August 2024, the increase in Soybean Oil's year-by-year exports was explained primarily by an increase in exports to Italy (SEK762k or 157%), Austria (SEK483k or 16.9%), and Norway (SEK324k or 166%). In August 2024, the increase in Soybean Oil's year-by-year imports was explained primarily by an increase in imports from Denmark (SEK881k or 189%) and United Kingdom (SEK176k or 171%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)SEK4.73M(91.7%)
IMPORT GROWTH (August 2023 - August 2024)SEK227k(0.69%)
MAIN EXPORTER (August 2024)undefined15.5M
MAIN DESTINATION (August 2024)DenmarkSEK3.62M

This section shows Soybean Oil'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 Soybean Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$16.1M
IMPORTS (2022)$64.2M
NET TRADE (2022)-$48.1M

In 2022, Sweden exported $16.1M in Soybean Oil. The main destinations of Sweden exports on Soybean Oil were Netherlands ($3.8M), Austria ($2.24M), Denmark ($2.19M), Germany ($1.94M), and Czechia ($1.16M).

In 2022, Sweden imported $64.2M in Soybean Oil, mainly from Norway ($45.4M), Netherlands ($14.5M), Germany ($2.07M), United Kingdom ($1.38M), and Denmark ($476k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybean Oil EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Czechia$1.11M (2.38k%)
Ireland$838k (604%)
Vietnam$815k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Oil BY Sweden WERE (2021 - 2022):
Germany-$627k (-24.4%)
Netherlands-$554k (-12.7%)
Austria-$369k (-14.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Soybean Oil were:
Argentina $6.79B
Brazil $3.99B
United States $1.06B
In 2022, Sweden's main importing competitors in Soybean Oil were:
India $6.49B
Bangladesh $948M
Morocco $775M

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Trade Value of Soybean Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $785k
TOP IMPORT POTENTIALGermany+ $939k

Soybean Oil’s highest export potential is China. With an export gap of $785k.   Soybean Oil’s highest import potential is Germany with an import gap of $939k.

See methodology.

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