Electric Furnaces in Sweden

EXPORTS (2018): $97.5M, World Rnk 12 / 134
Flag Rnk 247 / 1199

TOP DESTINATION (2018): $21.3M, United States

FASTEST GROWING MARKET (2017 - 2018): $11.4M, United States

IMPORTS (2018): $42.6M, World Rnk 32 / 200
Flag Rnk 466 / 1208

TOP ORIGIN (2018): $18M, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $1.9M, Italy

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

Overview: This page contains the latest trade data of Electric Furnaces in Sweden.

Exports: In 2018, Sweden exported $97.5M in Electric Furnaces, making it the 12th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 247th most exported product in Sweden. The main destination of Electric Furnaces exports from Sweden are: United States ($21.3M), China ($9.37M), France ($8.4M), Germany ($7.73M), and Italy ($4.6M).

The fastest growing export markets for Electric Furnaces of Sweden between 2017 and 2018 were United States ($11.4M), France ($6.16M), and Germany ($3.16M).

Imports: In 2018, Sweden imported $42.6M in Electric Furnaces, becoming the 32nd largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 466th most imported product in Sweden. Sweden imports Electric Furnaces primarily from: Germany ($18M), Norway ($4.94M), Italy ($3.44M), Austria ($3.42M), and Estonia ($3.3M).

The fastest growing import markets in Electric Furnaces for Sweden between 2017 and 2018 were Italy ($1.9M), Norway ($578k), and Austria ($249k).

Tariffs: In 1989, the average tariff for Sweden in Electric Furnaces was 3.8%. The countries with the highest import tariffs for Electric Furnaces were Angola (3.8%), Burundi (3.8%), Benin (3.8%), Burkina Faso (3.8%), and Botswana (3.8%).

Overview: In July 2020 Sweden's Electric Furnaces exports accounted up to SEK38.6M and imports accounted up to SEK23M, resulting in a positive trade balance of SEK15.6M. Between July 2019 and July 2020 the exports of Sweden's   Electric Furnaces have decreased by SEK-34.8M (-47.4%) from SEK73.4M to SEK38.6M, while imports decreased by SEK-14.1M (-37.9%) from SEK37M to SEK23M.

Destinations: In July 2020 Electric Furnaces exported mostly to China (SEK11.5M), United States (SEK4.65M), Finland (SEK3.48M), Italy (SEK2.1M), and United Arab Emirates (SEK1.72M), and imported mostly from Germany (SEK12.2M), Japan (SEK3.53M), Norway (SEK2.99M), United States (SEK1.31M), and Estonia (SEK667k).

Growth: In July 2020, the decrease in Electric Furnaces's year-by-year exports was explained primarily by a decrease in exports to United States (SEK-36.1M or -88.6%), Norway (SEK-4.27M or -74.5%), and Russia (SEK-3.19M or -75.9%). In July 2020, the decrease in Electric Furnaces's year-by-year imports was explained primarily by a decrease in imports from Japan (SEK-9.89M or -73.7%), China (SEK-1.31M or -89.6%), and Estonia (SEK-1.14M or -63.1%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): SEK-34.8M, (-47.4%)

IMPORT GROWTH (July 2019 - July 2020): SEK-14.1M, (-37.9%)

MAIN DESTINATION (July 2020): China, SEK11.5M

This section shows Electric Furnaces'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 Furnaces over time.

Value

EXPORTS (2018): $97.5M

IMPORTS (2018): $42.6M

NET TRADE (2018): $54.9M

In 2018, Sweden exported $97.5M in Electric Furnaces. The main destinations of Sweden exports on Electric Furnaces were United States ($21.3M), China ($9.37M), France ($8.4M), Germany ($7.73M), and Italy ($4.6M).

In 2018, Sweden imported $42.6M in Electric Furnaces, mainly from Germany ($18M), Norway ($4.94M), Italy ($3.44M), Austria ($3.42M), and Estonia ($3.3M).

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IN 2018, Sweden HAD A POSITIVE NET TRADE IN Electric Furnaces WITH:

  • United States, $20M ($21.3M - $1.26M)
  • China, $8.38M ($9.37M - $994k)
  • France, $7.89M ($8.4M - $506k)

IN 2018, Sweden HAD A NEGATIVE NET TRADE IN Electric Furnaces WITH:

  • Germany, -$10.2M ($7.73M - $18M)
  • Austria, -$2.91M ($507k - $3.42M)
  • Estonia, -$1.89M ($1.41M - $3.3M)
Flow

THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Sweden WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Sweden WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Sweden's main exporting competitors in Electric Furnaces were:

In 2018, Sweden's main importing competitors in Electric Furnaces were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Electric Furnaces 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 Electric Furnaces was 3.8%.

The countries with the highest tariffs for Electric Furnaces in Sweden were Angola (3.8%), Burundi (3.8%), Benin (3.8%), Burkina Faso (3.8%), and Botswana (3.8%).

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