Electric Motor Parts in Sweden | The Observatory of Economic Complexity

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Exports In 2022, Sweden exported $138M in Electric Motor Parts, making it the 30th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 220th most exported product in Sweden. The main destination of Electric Motor Parts exports from Sweden are: Denmark ($51.8M), United States ($22.7M), Germany ($10.5M), China ($7.65M), and Burma ($5.85M).

The fastest growing export markets for Electric Motor Parts of Sweden between 2021 and 2022 were United States ($15.8M), Burma ($5.7M), and Serbia ($5.13M).

Imports In 2022, Sweden imported $301M in Electric Motor Parts, becoming the 21st largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 132nd most imported product in Sweden. Sweden imports Electric Motor Parts primarily from: Poland ($94.7M), Germany ($51M), India ($29.5M), Italy ($19.4M), and China ($18.7M).

The fastest growing import markets in Electric Motor Parts for Sweden between 2021 and 2022 were Poland ($90.3M), India ($16.6M), and France ($4.65M).

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

Latest Trends

December 2023

About

Overview In December 2023 Sweden's Electric Motor Parts exports accounted up to SEK40.3M and imports accounted up to SEK1.8B, resulting in a negative trade balance of SEK1.76B. Between December 2022 and December 2023 the exports of Sweden's Electric Motor Parts have decreased by SEK-76.4M (-65.5%) from SEK117M to SEK40.3M, while imports increased by SEK1.66B (1.26k%) from SEK132M to SEK1.8B.

Destinations In December 2023, Electric Motor Parts were exported mostly to Italy (SEK10.3M), Denmark (SEK6.23M), Germany (SEK5.14M), Canada (SEK4.11M), and United States (SEK3.15M), and were imported mostly from Germany (SEK1.7B), United Kingdom (SEK14.1M), Italy (SEK13.4M), Poland (SEK11M), and China (SEK8.2M).

Growth In December 2023, the decrease in Electric Motor Parts's year-by-year exports was explained primarily by a decrease in exports to Japan (SEK-7.48M or -98.6%), China (SEK-5.68M or -92.4%), and Mexico (SEK-3.57M or -98.9%). In December 2023, the increase in Electric Motor Parts's year-by-year imports was explained primarily by an increase in imports from China (SEK14.7M or 317%), Germany (SEK4.57M or 27.5%), and Slovenia (SEK3.25M or 395%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)SEK-76.4M(-65.5%)

IMPORT GROWTH (December 2022 - December 2023)SEK1.66B(1.26k%)

MAIN EXPORTER (December 2023)

MAIN DESTINATION (December 2023)ItalySEK10.3M

This section shows Electric Motor Parts'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 Electric Motor Parts over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$138M

IMPORTS (2022)$301M

NET TRADE (2022)-$163M

In 2022, Sweden exported $138M in Electric Motor Parts. The main destinations of Sweden exports on Electric Motor Parts were Denmark ($51.8M), United States ($22.7M), Germany ($10.5M), China ($7.65M), and Burma ($5.85M).

In 2022, Sweden imported $301M in Electric Motor Parts, mainly from Poland ($94.7M), Germany ($51M), India ($29.5M), Italy ($19.4M), and China ($18.7M).

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