Electric Furnaces in Sweden 2021 Exports | Imports : $127M | $69.9M, World Rnk 11 / 151 Rnk 231 / 1209 | World Rnk 25 / 211 Rnk 383 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $27.3M | $11.2M, United States | Japan
2021 ECONOMIC COMPLEXITY of Sweden: 1.54, Rnk 8 / 131
2021 PRODUCT COMPLEXITY IN Electric Furnaces: 1.59, Rnk 39 / 1029
Exports In 2021, Sweden exported $127M in Electric Furnaces, making it the 11th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 231st most exported product in Sweden. The main destination of Electric Furnaces exports from Sweden are: United States ($47.4M), Japan ($13M), China ($9.08M), Germany ($6.63M), and India ($6.2M).
The fastest growing export markets for Electric Furnaces of Sweden between 2020 and 2021 were United States ($27.3M), Japan ($5.83M), and Denmark ($4.02M).
Imports In 2021, Sweden imported $69.9M in Electric Furnaces, becoming the 25th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 383rd most imported product in Sweden. Sweden imports Electric Furnaces primarily from: Japan ($28.3M), Germany ($12.5M), Italy ($9.34M), Estonia ($2.8M), and Norway ($2.27M).
The fastest growing import markets in Electric Furnaces for Sweden between 2020 and 2021 were Japan ($11.2M), Italy ($4.58M), and Germany ($2.14M).
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 (Most Favoured Nation duty rate treatment, 3.8%), Burundi (Most Favoured Nation duty rate treatment, 3.8%), Benin (Most Favoured Nation duty rate treatment, 3.8%), Burkina Faso (Most Favoured Nation duty rate treatment, 3.8%), and Botswana (Most Favoured Nation duty rate treatment, 3.8%).
January 2023
Overview In January 2023 Sweden's Electric Furnaces exports accounted up to SEK22.8M and imports accounted up to SEK16M, resulting in a positive trade balance of SEK6.81M. Between January 2022 and January 2023 the exports of Sweden's Electric Furnaces have decreased by SEK-723k (-3.08%) from SEK23.5M to SEK22.8M, while imports increased by SEK4.11M (34.7%) from SEK11.9M to SEK16M.
Destinations In January 2023, Electric Furnaces were exported mostly to United States (SEK7.33M), Iceland (SEK4.42M), Japan (SEK1.54M), Norway (SEK1.03M), and Estonia (SEK896k), and were imported mostly from Turkey (SEK4.59M), Germany (SEK4.04M), Norway (SEK1.69M), United Kingdom (SEK1.29M), and United States (SEK800k).
Growth In January 2023, the decrease in Electric Furnaces's year-by-year exports was explained primarily by a decrease in exports to United States (SEK-251M or -97.6%), Finland (SEK-3.11M or -97.5%), and Brazil (SEK-1.69M or -87.5%). In January 2023, the increase in Electric Furnaces's year-by-year imports was explained primarily by an increase in imports from United Kingdom (SEK1.08M or 1.25k%), Austria (SEK602k or 79.9%), and Netherlands (SEK469k or 160%).
EXPORT GROWTH (January 2022 - January 2023): SEK-723k, (-3.08%)
IMPORT GROWTH (January 2022 - January 2023): SEK4.11M, (34.7%)
MAIN DESTINATION (January 2023): United States, SEK7.33M
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.
For full datasets download visit Bulk Download page.
EXPORTS (2021): $127M
IMPORTS (2021): $69.9M
NET TRADE (2021): $57.2M
In 2021, Sweden exported $127M in Electric Furnaces. The main destinations of Sweden exports on Electric Furnaces were United States ($47.4M), Japan ($13M), China ($9.08M), Germany ($6.63M), and India ($6.2M).
In 2021, Sweden imported $69.9M in Electric Furnaces, mainly from Japan ($28.3M), Germany ($12.5M), Italy ($9.34M), Estonia ($2.8M), and Norway ($2.27M).
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Sweden WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Sweden WERE (2020 - 2021):
In 2021, Sweden's main exporting competitors in Electric Furnaces were:
In 2021, Sweden's main importing competitors in Electric Furnaces were:
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