Excavation Machinery in Sweden | The Observatory of Economic Complexity

About

Exports In 2022, Sweden exported $1.71B in Excavation Machinery, making it the 11th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 19th most exported product in Sweden. The main destination of Excavation Machinery exports from Sweden are: United States ($201M), Norway ($129M), Germany ($122M), France ($90M), and Finland ($88.7M).

The fastest growing export markets for Excavation Machinery of Sweden between 2021 and 2022 were United States ($26.4M), Belgium ($15.8M), and France ($15.3M).

Imports In 2022, Sweden imported $1.13B in Excavation Machinery, becoming the 18th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 21st most imported product in Sweden. Sweden imports Excavation Machinery primarily from: Germany ($217M), China ($137M), Poland ($128M), Italy ($69.1M), and Finland ($64.6M).

The fastest growing import markets in Excavation Machinery for Sweden between 2021 and 2022 were China ($19.4M), Poland ($18.5M), and Germany ($11.3M).

COMPANIES In 2023, leading companies such as ABB MOTORS AND MECHANICAL INC (136) were at the forefront of shipping Excavation Machinery from Sweden to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Sweden's Excavation Machinery exports accounted up to SEK1.23B and imports accounted up to SEK934M, resulting in a positive trade balance of SEK292M. Between December 2022 and December 2023 the exports of Sweden's Excavation Machinery have decreased by SEK-293M (-19.3%) from SEK1.52B to SEK1.23B, while imports decreased by SEK-107M (-10.3%) from SEK1.04B to SEK934M.

Destinations In December 2023, Excavation Machinery were exported mostly to United States (SEK148M), Norway (SEK86.1M), Germany (SEK81.9M), Australia (SEK63.4M), and Brazil (SEK61.7M), and were imported mostly from Germany (SEK208M), Italy (SEK101M), China (SEK84.8M), Poland (SEK83.3M), and Denmark (SEK58.7M).

Growth In December 2023, the decrease in Excavation Machinery's year-by-year exports was explained primarily by a decrease in exports to China (SEK-37.1M or -41.3%), Egypt (SEK-4.95M or -70.4%), and Turkey (SEK-4.72M or -24.5%). In December 2023, the decrease in Excavation Machinery's year-by-year imports was explained primarily by a decrease in imports from China (SEK-70.6M or -51.4%), Lithuania (SEK-5.77M or -40.6%), and South Korea (SEK-4.64M or -30.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)SEK-293M(-19.3%)

IMPORT GROWTH (December 2022 - December 2023)SEK-107M(-10.3%)

MAIN EXPORTER (December 2023)

MAIN DESTINATION (December 2023)United StatesSEK148M

This section shows Excavation Machinery'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 Excavation Machinery over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.71B

IMPORTS (2022)$1.13B

NET TRADE (2022)$587M

In 2022, Sweden exported $1.71B in Excavation Machinery. The main destinations of Sweden exports on Excavation Machinery were United States ($201M), Norway ($129M), Germany ($122M), France ($90M), and Finland ($88.7M).

In 2022, Sweden imported $1.13B in Excavation Machinery, mainly from Germany ($217M), China ($137M), Poland ($128M), Italy ($69.1M), and Finland ($64.6M).

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