Cars in Sweden 2020 Exports | Imports : $11.1B | $8.46B, World Rnk 15 / 210 Rnk 1 / 1211 | World Rnk 17 / 224 Rnk 1 / 1209
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $360M | $202M, United States | Belgium
2020 ECONOMIC COMPLEXITY of Sweden: 1.59, Rnk 7 / 127
2020 PRODUCT COMPLEXITY IN Cars: 0.89, Rnk 214 / 1029
Exports In 2020, Sweden exported $11.1B 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 ($2.51B), Germany ($1.38B), China ($906M), Denmark ($847M), and Finland ($750M).
The fastest growing export markets for Cars of Sweden between 2019 and 2020 were United States ($360M), Turkey ($172M), and China ($52.2M).
Imports In 2020, Sweden imported $8.46B in Cars, becoming the 17th 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 ($3.05B), Belgium ($1.92B), United Kingdom ($466M), Japan ($436M), and South Korea ($405M).
The fastest growing import markets in Cars for Sweden between 2019 and 2020 were Belgium ($202M), Slovakia ($65.3M), and Germany ($17.9M).
Tariffs In 2019, the average tariff for Sweden in Cars was 7.53%. The countries with the highest import tariffs for Cars were Republic of the Congo (Most Favoured Nation duty rate treatement, 9.84%), Western Sahara (Most Favoured Nation duty rate treatement, 9.84%), Gabon (Most Favoured Nation duty rate treatement, 9.84%), Libya (Most Favoured Nation duty rate treatement, 9.84%), and Mayotte (Most Favoured Nation duty rate treatement, 9.84%).
November 2022
Overview In November 2022 Sweden's Cars exports accounted up to SEK7.85B and imports accounted up to SEK10.3B, resulting in a negative trade balance of SEK2.42B. Between November 2021 and November 2022 the exports of Sweden's Cars have decreased by SEK-2.22B (-22.1%) from SEK10.1B to SEK7.85B, while imports increased by SEK2.59B (33.7%) from SEK7.68B to SEK10.3B.
Destinations In November 2022, Cars were exported mostly to United States (SEK1.03B), China (SEK901M), Germany (SEK778M), Finland (SEK616M), and Denmark (SEK583M), and were imported mostly from Germany (SEK4.13B), Belgium (SEK3.13B), Netherlands (SEK779M), South Korea (SEK456M), and United Kingdom (SEK333M).
Growth In November 2022, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to United States (SEK-807M or -33.8%), Germany (SEK-393M or -31.9%), and United Kingdom (SEK-270M or -37.9%). In November 2022, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Belgium (SEK286M or 22.6%), Slovakia (SEK151M or 119%), and France (SEK132M or 23.7%).
EXPORT GROWTH (November 2021 - November 2022): SEK-2.22B, (-22.1%)
IMPORT GROWTH (November 2021 - November 2022): SEK2.59B, (33.7%)
MAIN DESTINATION (November 2022): United States, SEK1.03B
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.
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EXPORTS (2020): $11.1B
IMPORTS (2020): $8.46B
NET TRADE (2020): $2.6B
In 2020, Sweden exported $11.1B in Cars. The main destinations of Sweden exports on Cars were United States ($2.51B), Germany ($1.38B), China ($906M), Denmark ($847M), and Finland ($750M).
In 2020, Sweden imported $8.46B in Cars, mainly from Germany ($3.05B), Belgium ($1.92B), United Kingdom ($466M), Japan ($436M), and South Korea ($405M).
THE FASTEST GROWING Cars EXPORT MARKETS FOR Sweden WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Sweden WERE (2019 - 2020):
In 2020, Sweden's main exporting competitors in Cars were:
In 2020, Sweden's main importing competitors in Cars were:
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