Spices in Sweden | The Observatory of Economic Complexity

About

Exports In 2022, Sweden exported $8.8M in Spices, making it the 43rd largest exporter of Spices in the world. At the same year, Spices was the 661st most exported product in Sweden. The main destination of Spices exports from Sweden are: Denmark ($4.4M), Norway ($1.61M), Finland ($1.28M), Estonia ($448k), and Poland ($265k).

The fastest growing export markets for Spices of Sweden between 2021 and 2022 were Poland ($47.7k), Ireland ($46.8k), and Belgium ($25k).

Imports In 2022, Sweden imported $35.4M in Spices, becoming the 22nd largest importer of Spices in the world. At the same year, Spices was the 542nd most imported product in Sweden. Sweden imports Spices primarily from: Spain ($9.56M), Netherlands ($6.91M), Germany ($4.92M), Denmark ($2.68M), and Thailand ($1.52M).

The fastest growing import markets in Spices for Sweden between 2021 and 2022 were Spain ($3.02M), Denmark ($347k), and Belgium ($187k).

COMPANIES In 2023, leading companies such as Volvo (1) were at the forefront of shipping Spices from Sweden to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Spices exports accounted up to SEK5.66M and imports accounted up to SEK38.6M, resulting in a negative trade balance of SEK33M. Between May 2023 and May 2024 the exports of Sweden's Spices have decreased by SEK-1.05M (-15.7%) from SEK6.71M to SEK5.66M, while imports increased by SEK3.72M (10.7%) from SEK34.9M to SEK38.6M.

Destinations In May 2024, Spices were exported mostly to Norway (SEK1.77M), Denmark (SEK1.51M), Finland (SEK1.11M), Poland (SEK439k), and Estonia (SEK252k), and were imported mostly from Germany (SEK9.73M), Spain (SEK5.99M), Netherlands (SEK4.68M), Iran (SEK4.47M), and Denmark (SEK3.83M).

Growth In May 2024, the decrease in Spices's year-by-year exports was explained primarily by a decrease in exports to Estonia (SEK-186k or -28.4%) and United Kingdom (SEK-21k or -63.6%). In May 2024, the increase in Spices's year-by-year imports was explained primarily by an increase in imports from Estonia (SEK600k or 66.7%), Finland (SEK435k or 777%), and Poland (SEK382k or 145%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (May 2023 - May 2024)SEK-1.05M(-15.7%)

IMPORT GROWTH (May 2023 - May 2024)SEK3.72M(10.7%)

MAIN EXPORTER (May 2024)undefined7.36M

MAIN DESTINATION (May 2024)NorwaySEK1.77M

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$8.8M

IMPORTS (2022)$35.4M

NET TRADE (2022)-$26.6M

In 2022, Sweden exported $8.8M in Spices. The main destinations of Sweden exports on Spices were Denmark ($4.4M), Norway ($1.61M), Finland ($1.28M), Estonia ($448k), and Poland ($265k).

In 2022, Sweden imported $35.4M in Spices, mainly from Spain ($9.56M), Netherlands ($6.91M), Germany ($4.92M), Denmark ($2.68M), and Thailand ($1.52M).

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