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2022
Destination $5.11M Finland
2021 - 2022
FASTEST GROWING MARKET $5.11MNorway
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings-0.62Rnk 736 / 1025
2022
ImportsfalseWorld Rnk 20 / 225
Flag Rnk 161 / 1213
2022
Origin $4.6M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $4.6MNetherlands
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported N/A in Sauces and Seasonings, making it the 23rd largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 195th most exported product in Sweden. The main destination of Sauces and Seasonings exports from Sweden are: Finland ($45.8M), Norway ($43.2M), Denmark ($39.4M), Estonia ($5.05M), and United Kingdom ($3.61M).

The fastest growing export markets for Sauces and Seasonings of Sweden between 2021 and 2022 were Norway ($5.11M), Belgium ($1.19M), and United Arab Emirates ($382k).

Imports In 2022, Sweden imported $237M in Sauces and Seasonings, becoming the 20th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 161st most imported product in Sweden. Sweden imports Sauces and Seasonings primarily from: Netherlands ($42.4M), Thailand ($24.5M), Germany ($21.2M), Italy ($20.5M), and Denmark ($16.7M).

The fastest growing import markets in Sauces and Seasonings for Sweden between 2021 and 2022 were Netherlands ($4.6M), Denmark ($3.84M), and Spain ($2.3M).

COMPANIES In 2023, leading companies such as IKEA Group (1) were at the forefront of shipping Sauces and Seasonings from Sweden to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Sauces and Seasonings exports accounted up to SEK205M and imports accounted up to SEK237M, resulting in a negative trade balance of SEK32.3M. Between May 2023 and May 2024 the exports of Sweden's   Sauces and Seasonings have increased by SEK40.3M (24.5%) from SEK164M to SEK205M, while imports increased by SEK21.9M (10.2%) from SEK215M to SEK237M.

Destinations In May 2024, Sauces and Seasonings were exported mostly to Norway (SEK57.2M), Finland (SEK52.6M), Denmark (SEK40.4M), Belgium (SEK9.16M), and Estonia (SEK8.22M), and were imported mostly from Netherlands (SEK43.5M), Thailand (SEK20.6M), Italy (SEK20.4M), Germany (SEK18.1M), and Denmark (SEK17.7M).

Growth In May 2024, the increase in Sauces and Seasonings's year-by-year exports was explained primarily by an increase in exports to Norway (SEK16.5M or 36.7%), Denmark (SEK11.2M or 44.2%), and Finland (SEK8.86M or 27.7%). In May 2024, the increase in Sauces and Seasonings's year-by-year imports was explained primarily by an increase in imports from Netherlands (SEK13.9M or 54.6%), Italy (SEK7.69M or 73.7%), and Poland (SEK5.55M or 97.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK40.3M(24.5%)
IMPORT GROWTH (May 2023 - May 2024)SEK21.9M(10.2%)
MAIN EXPORTER (May 2024)undefined205M
MAIN DESTINATION (May 2024)NorwaySEK57.2M

This section shows Sauces and Seasonings'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 Sauces and Seasonings over time.

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Historical Data

Trade Balance

Color
IMPORTS (2022)$237M

In N/A, Sweden exported N/A in Sauces and Seasonings. The main destinations of Sweden exports on Sauces and Seasonings were Finland ($45.8M), Norway ($43.2M), Denmark ($39.4M), Estonia ($5.05M), and United Kingdom ($3.61M).

In 2022, Sweden imported $237M in Sauces and Seasonings, mainly from Netherlands ($42.4M), Thailand ($24.5M), Germany ($21.2M), Italy ($20.5M), and Denmark ($16.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Norway$5.11M (13.4%)
Belgium$1.19M (50.9%)
United Arab Emirates$382k (293%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Sweden WERE (2021 - 2022):
Russia-$9.78M (-98.2%)
Austria-$1.09M (-87.2%)
Estonia-$890k (-15%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Sauces and Seasonings were:
United States $2.15B
China $2.05B
Italy $1.54B
In 2022, Sweden's main importing competitors in Sauces and Seasonings were:
United States $2.23B
United Kingdom $1.01B
France $968M

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.62M
TOP IMPORT POTENTIALChina+ $5.37M

Sauces and Seasonings’s highest export potential is Germany. With an export gap of $3.62M.   Sauces and Seasonings’s highest import potential is China with an import gap of $5.37M.

See methodology.

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