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2023
Exports $674kWorld Rnk 67 / 142
Flag Rnk 988 / 1210
2023
Destination $106k France
2022 - 2023
FASTEST GROWING MARKET $106kFrance
2023
PRODUCT COMPLEXITY IN Soybeans-1.67Rnk 968 / 1025
2023
Imports $19.4MWorld Rnk 63 / 193
Flag Rnk 648 / 1213
2023
Origin $5.23M Denmark
2022 - 2023
FASTEST GROWING ORIGIN $5.23MLatvia
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $674k in Soybeans, making it the 67th largest exporter of Soybeans in the world. At the same year, Soybeans was the 988th most exported product in Sweden. The main destination of Soybeans exports from Sweden are: France ($186k), Belgium ($143k), Netherlands ($114k), Denmark ($87.1k), and Finland ($73.8k).

The fastest growing export markets for Soybeans of Sweden between 2022 and 2023 were France ($106k), Belgium ($62.3k), and Netherlands ($53.3k).

Imports In 2023, Sweden imported $19.4M in Soybeans, becoming the 63rd largest importer of Soybeans in the world. At the same year, Soybeans was the 648th most imported product in Sweden. Sweden imports Soybeans primarily from: Denmark ($7.16M), Latvia ($5.23M), Kazakhstan ($2.85M), China ($2.08M), and Austria ($452k).

The fastest growing import markets in Soybeans for Sweden between 2022 and 2023 were Latvia ($5.23M), Denmark ($5.01M), and Ukraine ($416k).

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Soybeans exports accounted up to SEK413k and imports accounted up to SEK16.4M, resulting in a negative trade balance of SEK16M. Between October 2023 and October 2024 the exports of Sweden's   Soybeans have decreased by SEK-2k (-0.48%) from SEK415k to SEK413k, while imports increased by SEK5.88M (55.7%) from SEK10.6M to SEK16.4M.

Destinations In October 2024, Soybeans were exported mostly to Germany (SEK148k), France (SEK103k), Denmark (SEK69k), Finland (SEK65k), and Norway (SEK28k), and were imported mostly from Denmark (SEK11.8M), China (SEK2.35M), Germany (SEK1.19M), Netherlands (SEK704k), and Canada (SEK394k).

Growth In October 2024, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to Denmark (SEK-61k or -49.6%) and Norway (SEK-19k or -95%). In October 2024, the increase in Soybeans's year-by-year imports was explained primarily by an increase in imports from Denmark (SEK2.28M or 30.3%), Italy (SEK722k or 56.5%), and Germany (SEK13k or 3.57%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-2k(-0.48%)
IMPORT GROWTH (October 2023 - October 2024)SEK5.88M(55.7%)
MAIN EXPORTER (October 2024)undefined627k
MAIN DESTINATION (October 2024)GermanySEK148k

This section shows Soybeans'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 Soybeans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$674k
IMPORTS (2023)$19.4M
NET TRADE (2023)-$18.7M

In 2023, Sweden exported $674k in Soybeans. The main destinations of Sweden exports on Soybeans were France ($186k), Belgium ($143k), Netherlands ($114k), Denmark ($87.1k), and Finland ($73.8k).

In 2023, Sweden imported $19.4M in Soybeans, mainly from Denmark ($7.16M), Latvia ($5.23M), Kazakhstan ($2.85M), China ($2.08M), and Austria ($452k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
France$106k (133%)
Belgium$62.3k (77.7%)
Netherlands$53.3k (88.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Sweden WERE (2022 - 2023):
Denmark-$95k (-52.2%)
Germany-$33.2k (-100%)
Hungary-$30.8k (-58.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Soybeans were:
Brazil $53.1B
United States $27.2B
Paraguay $3.26B
In 2023, Sweden's main importing competitors in Soybeans were:
China $56.6B
Argentina $5.41B
Japan $2.14B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $83.2k
TOP IMPORT POTENTIALCanada+ $354k

Soybeans’s highest export potential is Netherlands. With an export gap of $83.2k.   Soybeans’s highest import potential is Canada with an import gap of $354k.

See methodology.

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