Packaged Medicaments in Sweden | The Observatory of Economic Complexity

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Exports In 2022, Sweden exported $8.25B in Packaged Medicaments, making it the 15th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 3rd most exported product in Sweden. The main destination of Packaged Medicaments exports from Sweden are: United States ($1.29B), Germany ($963M), China ($661M), Japan ($604M), and France ($504M).

The fastest growing export markets for Packaged Medicaments of Sweden between 2021 and 2022 were Germany ($224M), Russia ($77.9M), and Canada ($63.9M).

Imports In 2022, Sweden imported $2.73B in Packaged Medicaments, becoming the 29th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 8th most imported product in Sweden. Sweden imports Packaged Medicaments primarily from: Denmark ($541M), Germany ($497M), Italy ($327M), Netherlands ($282M), and Belgium ($204M).

The fastest growing import markets in Packaged Medicaments for Sweden between 2021 and 2022 were Italy ($74M), Ireland ($29.9M), and China ($22.1M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Packaged Medicaments from Sweden to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Sweden's Packaged Medicaments exports accounted up to SEK5.08B and imports accounted up to SEK2.56B, resulting in a positive trade balance of SEK2.52B. Between December 2022 and December 2023 the exports of Sweden's Packaged Medicaments have decreased by SEK-574M (-10.2%) from SEK5.65B to SEK5.08B, while imports decreased by SEK-433M (-14.5%) from SEK2.99B to SEK2.56B.

Destinations In December 2023, Packaged Medicaments were exported mostly to Germany (SEK775M), France (SEK614M), Norway (SEK429M), China (SEK402M), and Saudi Arabia (SEK299M), and were imported mostly from Denmark (SEK675M), Germany (SEK353M), Netherlands (SEK295M), Italy (SEK277M), and Belgium (SEK271M).

Growth In December 2023, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to United States (SEK-1.54B or -77%), Japan (SEK-590M or -71.3%), and Egypt (SEK-57.8M or -39.5%). In December 2023, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Italy (SEK-104M or -55.5%), Ireland (SEK-35.8M or -37.7%), and France (SEK-14M or -12.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)SEK-574M(-10.2%)

IMPORT GROWTH (December 2022 - December 2023)SEK-433M(-14.5%)

MAIN EXPORTER (December 2023)

MAIN DESTINATION (December 2023)GermanySEK775M

This section shows Packaged Medicaments'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 Packaged Medicaments over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$8.25B

IMPORTS (2022)$2.73B

NET TRADE (2022)$5.52B

In 2022, Sweden exported $8.25B in Packaged Medicaments. The main destinations of Sweden exports on Packaged Medicaments were United States ($1.29B), Germany ($963M), China ($661M), Japan ($604M), and France ($504M).

In 2022, Sweden imported $2.73B in Packaged Medicaments, mainly from Denmark ($541M), Germany ($497M), Italy ($327M), Netherlands ($282M), and Belgium ($204M).

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