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

August 2024

About

Overview In August 2024 Sweden's Spices exports accounted up to SEK6.33M and imports accounted up to SEK38.4M, resulting in a negative trade balance of SEK32.1M. Between August 2023 and August 2024 the exports of Sweden's Spices have decreased by SEK-1.47M (-18.8%) from SEK7.79M to SEK6.33M, while imports decreased by SEK-14.7M (-27.7%) from SEK53.1M to SEK38.4M.

Destinations In August 2024, Spices were exported mostly to Norway (SEK1.78M), Denmark (SEK1.42M), Finland (SEK1.11M), Estonia (SEK683k), and Poland (SEK451k), and were imported mostly from Spain (SEK11.8M), Germany (SEK6.94M), Netherlands (SEK6.55M), Denmark (SEK4.72M), and Estonia (SEK1.96M).

Growth In August 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 August 2024, the decrease in Spices's year-by-year imports was explained primarily by a decrease in imports from Germany (SEK-2.09M or -29.4%), Spain (SEK-1.92M or -42%), and Iran (SEK-1.6M or -83.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)SEK-1.47M(-18.8%)

IMPORT GROWTH (August 2023 - August 2024)SEK-14.7M(-27.7%)

MAIN EXPORTER (August 2024)undefined7.36M

MAIN DESTINATION (August 2024)NorwaySEK1.78M

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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