Cars in Sweden

EXPORTS (2018): $11.9B, World Rnk 15 / 209
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TOP DESTINATION (2018): $1.55B, United States

FASTEST GROWING MARKET (2017 - 2018): $491M, China

IMPORTS (2018): $8.81B, World Rnk 21 / 220
Flag Rnk 1 / 1208

TOP ORIGIN (2018): $3.38B, Germany

FASTEST GROWING ORIGIN (2017 - 2018): $221M, Czechia

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

PRODUCT COMPLEXITY  IN Cars (2018): 0.78, Rnk 249 / 1018

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

Exports: In 2018, Sweden exported $11.9B in Cars, making it the 15th largest exporter of Cars in the world. At the same year, Cars was the 1st most exported product in Sweden. The main destination of Cars exports from Sweden are: United States ($1.55B), Germany ($1.3B), China ($1.19B), United Kingdom ($978M), and Denmark ($836M).

The fastest growing export markets for Cars of Sweden between 2017 and 2018 were China ($491M), Germany ($427M), and United Kingdom ($380M).

Imports: In 2018, Sweden imported $8.81B in Cars, becoming the 21st largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in Sweden. Sweden imports Cars primarily from: Germany ($3.38B), Belgium-Luxembourg ($1.72B), United Kingdom ($642M), France ($475M), and Japan ($375M).

The fastest growing import markets in Cars for Sweden between 2017 and 2018 were Czechia ($221M), Turkey ($155M), and South Korea ($101M).

Tariffs: In 2017, the average tariff for Sweden in Cars was 7.28%. The countries with the highest import tariffs for Cars were Western Sahara (9.82%), Gabon (9.82%), Libya (9.82%), Mayotte (9.82%), and Reunion (9.82%).

Overview: In July 2020 Sweden's Cars exports accounted up to SEK7.39B and imports accounted up to SEK6.9B, resulting in a positive trade balance of SEK488M. Between July 2019 and July 2020 the exports of Sweden's   Cars have decreased by SEK-107M (-1.43%) from SEK7.49B to SEK7.39B, while imports increased by SEK13.6M (0.2%) from SEK6.88B to SEK6.9B.

Destinations: In July 2020 Cars exported mostly to United States (SEK2.5B), China (SEK934M), Denmark (SEK729M), Finland (SEK681M), and Germany (SEK417M), and imported mostly from Germany (SEK3.29B), Belgium (SEK1.14B), France (SEK732M), South Korea (SEK588M), and United Kingdom (SEK442M).

Growth: In July 2020, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (SEK-697M or -96.1%), Germany (SEK-495M or -54.3%), and Japan (SEK-156M or -81%). In July 2020, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from South Korea (SEK217M or 58.6%), Germany (SEK177M or 5.69%), and China (SEK118M or 804%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): SEK-107M, (-1.43%)

IMPORT GROWTH (July 2019 - July 2020): SEK13.6M, (0.2%)

MAIN DESTINATION (July 2020): United States, SEK2.5B

This section shows Cars'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 Cars over time.

Value

EXPORTS (2018): $11.9B

IMPORTS (2018): $8.81B

NET TRADE (2018): $3.05B

In 2018, Sweden exported $11.9B in Cars. The main destinations of Sweden exports on Cars were United States ($1.55B), Germany ($1.3B), China ($1.19B), United Kingdom ($978M), and Denmark ($836M).

In 2018, Sweden imported $8.81B in Cars, mainly from Germany ($3.38B), Belgium-Luxembourg ($1.72B), United Kingdom ($642M), France ($475M), and Japan ($375M).

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IN 2018, Sweden HAD A POSITIVE NET TRADE IN Cars WITH:

  • United States, $1.45B ($1.55B - $93.7M)
  • China, $1.16B ($1.19B - $31.9M)
  • Denmark, $813M ($836M - $23.7M)

IN 2018, Sweden HAD A NEGATIVE NET TRADE IN Cars WITH:

  • Germany, -$2.08B ($1.3B - $3.38B)
  • Belgium-Luxembourg, -$1.2B ($517M - $1.72B)
  • Czechia, -$233M ($97.2M - $330M)
Flow

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

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars 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 Cars were:

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

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Cars 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 2017, the average tariff for Sweden in Cars was 7.28%.

The countries with the highest tariffs for Cars in Sweden were Western Sahara (9.82%), Gabon (9.82%), Libya (9.82%), Mayotte (9.82%), and Reunion (9.82%).

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