Machinery Having Individual Functions in Sweden

EXPORTS (2018): $1.42B, World Rnk 17 / 205
Flag Rnk 18 / 1199

TOP DESTINATION (2018): $235M, China

FASTEST GROWING MARKET (2017 - 2018): $97.9M, China

IMPORTS (2018): $862M, World Rnk 32 / 220
Flag Rnk 27 / 1208

TOP ORIGIN (2018): $299M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $55.8M, Germany

ECONOMIC COMPLEXITY of Sweden (2018): 1.66, Rnk 7 / 137

PRODUCT COMPLEXITY  IN Machinery Having Individual Functions (2018): 2.01, Rnk 10 / 1018

Overview: This page contains the latest trade data of Machinery Having Individual Functions in Sweden.

Exports: In 2018, Sweden exported $1.42B in Machinery Having Individual Functions, making it the 17th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 18th most exported product in Sweden. The main destination of Machinery Having Individual Functions exports from Sweden are: China ($235M), United States ($168M), Germany ($111M), Norway ($68.7M), and France ($63.5M).

The fastest growing export markets for Machinery Having Individual Functions of Sweden between 2017 and 2018 were China ($97.9M), Japan ($22.4M), and Singapore ($12.6M).

Imports: In 2018, Sweden imported $862M in Machinery Having Individual Functions, becoming the 32nd largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 27th most imported product in Sweden. Sweden imports Machinery Having Individual Functions primarily from: Germany ($299M), Czechia ($58M), Denmark ($52.5M), Japan ($49.4M), and China ($43.8M).

The fastest growing import markets in Machinery Having Individual Functions for Sweden between 2017 and 2018 were Germany ($55.8M), Czechia ($36M), and Japan ($22.8M).

Tariffs: In 1989, the average tariff for Sweden in Machinery Having Individual Functions was 3.04%. The countries with the highest import tariffs for Machinery Having Individual Functions were Angola (3.04%), Burundi (3.04%), Benin (3.04%), Burkina Faso (3.04%), and Botswana (3.04%).

Overview: In July 2020 Sweden's Machinery Having Individual Functions exports accounted up to SEK579M and imports accounted up to SEK390M, resulting in a positive trade balance of SEK189M. Between July 2019 and July 2020 the exports of Sweden's   Machinery Having Individual Functions have decreased by SEK-177M (-23.4%) from SEK756M to SEK579M, while imports decreased by SEK-145M (-27.1%) from SEK535M to SEK390M.

Destinations: In July 2020 Machinery Having Individual Functions exported mostly to United States (SEK96.2M), China (SEK74.1M), Germany (SEK41.6M), Norway (SEK41.3M), and Italy (SEK32.6M), and imported mostly from Germany (SEK124M), Czechia (SEK36.2M), China (SEK28.4M), United States (SEK28.4M), and Norway (SEK21.7M).

Growth: In July 2020, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to India (SEK-60.1M or -89.2%), China (SEK-42.3M or -36.4%), and Argentina (SEK-27.1M or -98.1%). In July 2020, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from Czechia (SEK-63.1M or -63.6%), Japan (SEK-38.6M or -76.4%), and China (SEK-27.2M or -48.9%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): SEK-177M, (-23.4%)

IMPORT GROWTH (July 2019 - July 2020): SEK-145M, (-27.1%)

MAIN DESTINATION (July 2020): United States, SEK96.2M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

Value

EXPORTS (2018): $1.42B

IMPORTS (2018): $862M

NET TRADE (2018): $555M

In 2018, Sweden exported $1.42B in Machinery Having Individual Functions. The main destinations of Sweden exports on Machinery Having Individual Functions were China ($235M), United States ($168M), Germany ($111M), Norway ($68.7M), and France ($63.5M).

In 2018, Sweden imported $862M in Machinery Having Individual Functions, mainly from Germany ($299M), Czechia ($58M), Denmark ($52.5M), Japan ($49.4M), and China ($43.8M).

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IN 2018, Sweden HAD A POSITIVE NET TRADE IN Machinery Having Individual Functions WITH:

  • China, $191M ($235M - $43.8M)
  • United States, $129M ($168M - $39.5M)
  • France, $53.9M ($63.5M - $9.54M)

IN 2018, Sweden HAD A NEGATIVE NET TRADE IN Machinery Having Individual Functions WITH:

  • Germany, -$188M ($111M - $299M)
  • Czechia, -$45M ($13M - $58M)
  • Poland, -$22.5M ($19.2M - $41.7M)
Flow

THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Sweden WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Sweden WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, Sweden's main exporting competitors in Machinery Having Individual Functions were:

In 2018, Sweden's main importing competitors in Machinery Having Individual Functions were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Machinery Having Individual Functions in Sweden. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 1989, the average tariff for Sweden in Machinery Having Individual Functions was 3.04%.

The countries with the highest tariffs for Machinery Having Individual Functions in Sweden were Angola (3.04%), Burundi (3.04%), Benin (3.04%), Burkina Faso (3.04%), and Botswana (3.04%).

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