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2022
Exports $298MWorld Rnk 3 / 104
Flag Rnk 127 / 1212
2022
Destination $15.2M United States
2021 - 2022
FASTEST GROWING MARKET $15.2MIndia
2022
PRODUCT COMPLEXITY IN Stainless Steel Ingots1.08Rnk 143 / 1025
2022
Imports $541MWorld Rnk 3 / 180
Flag Rnk 73 / 1213
2022
Origin $93.2M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $93.2MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $298M in Stainless Steel Ingots, making it the 3rd largest exporter of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 127th most exported product in Sweden. The main destination of Stainless Steel Ingots exports from Sweden are: United States ($110M), India ($56M), Italy ($33.4M), Germany ($29.3M), and United Kingdom ($17.9M).

The fastest growing export markets for Stainless Steel Ingots of Sweden between 2021 and 2022 were India ($15.2M), Italy ($13.6M), and United States ($13.3M).

Imports In 2022, Sweden imported $541M in Stainless Steel Ingots, becoming the 3rd largest importer of Stainless Steel Ingots in the world. At the same year, Stainless Steel Ingots was the 73rd most imported product in Sweden. Sweden imports Stainless Steel Ingots primarily from: United Kingdom ($513M), Finland ($10.2M), Austria ($4.94M), Germany ($4.86M), and Italy ($3.56M).

The fastest growing import markets in Stainless Steel Ingots for Sweden between 2021 and 2022 were United Kingdom ($93.2M), Germany ($2.31M), and Austria ($1.89M).

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Stainless Steel Ingots exports accounted up to SEK291M and imports accounted up to SEK279M, resulting in a positive trade balance of SEK12.5M. Between May 2023 and May 2024 the exports of Sweden's   Stainless Steel Ingots have decreased by SEK-138M (-32.2%) from SEK429M to SEK291M, while imports decreased by SEK-149M (-34.9%) from SEK428M to SEK279M.

Destinations In May 2024, Stainless Steel Ingots were exported mostly to Germany (SEK145M), United States (SEK48.6M), India (SEK28.7M), Italy (SEK24.8M), and Ukraine (SEK17.4M), and were imported mostly from United Kingdom (SEK255M), Italy (SEK17.6M), Germany (SEK2.74M), United States (SEK2.52M), and Finland (SEK570k).

Growth In May 2024, the decrease in Stainless Steel Ingots's year-by-year exports was explained primarily by a decrease in exports to Italy (SEK-11.6M or -41.3%), Netherlands (SEK-1.5M or -98.3%), and Norway (SEK-1.36M or -63.4%). In May 2024, the decrease in Stainless Steel Ingots's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (SEK-123M or -29.9%), Finland (SEK-21.4M or -98.2%), and Germany (SEK-14.5M or -87%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK-138M(-32.2%)
IMPORT GROWTH (May 2023 - May 2024)SEK-149M(-34.9%)
MAIN EXPORTER (May 2024)undefined361M
MAIN DESTINATION (May 2024)GermanySEK145M

This section shows Stainless Steel Ingots'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 Stainless Steel Ingots over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$298M
IMPORTS (2022)$541M
NET TRADE (2022)-$243M

In 2022, Sweden exported $298M in Stainless Steel Ingots. The main destinations of Sweden exports on Stainless Steel Ingots were United States ($110M), India ($56M), Italy ($33.4M), Germany ($29.3M), and United Kingdom ($17.9M).

In 2022, Sweden imported $541M in Stainless Steel Ingots, mainly from United Kingdom ($513M), Finland ($10.2M), Austria ($4.94M), Germany ($4.86M), and Italy ($3.56M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Stainless Steel Ingots EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
India$15.2M (37.4%)
Italy$13.6M (68.9%)
United States$13.3M (13.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stainless Steel Ingots BY Sweden WERE (2021 - 2022):
Chinese Taipei-$8.66M (-45.4%)
Japan-$1.81M (-53.8%)
Denmark-$1.52M (-95%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Stainless Steel Ingots were:
Indonesia $4.21B
United Kingdom $805M
In 2022, Sweden's main importing competitors in Stainless Steel Ingots were:
China $3.12B
India $641M

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Trade Value of Stainless Steel Ingots by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $12.6M
TOP IMPORT POTENTIALGermany+ $2.46M

Stainless Steel Ingots’s highest export potential is China. With an export gap of $12.6M.   Stainless Steel Ingots’s highest import potential is Germany with an import gap of $2.46M.

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