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2023
Exports $7.79MWorld Rnk 16 / 58
Flag Rnk 663 / 1210
2023
Destination $7.79M Norway
2022 - 2023
FASTEST GROWING MARKET $7.79MNorway
2023
PRODUCT COMPLEXITY IN Electric Locomotives0.85Rnk 233 / 1025
2023
Imports $44.3MWorld Rnk 9 / 109
Flag Rnk 485 / 1213
2023
Origin $6.97M Romania
2022 - 2023
FASTEST GROWING ORIGIN $6.97MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $7.79M in Electric Locomotives, making it the 16th largest exporter of Electric Locomotives in the world. At the same year, Electric Locomotives was the 663rd most exported product in Sweden. The main destination of Electric Locomotives exports from Sweden are: Norway ($7.79M), Switzerland ($760), Belgium ($729), France ($288), and Indonesia ($221).

The fastest growing export markets for Electric Locomotives of Sweden between 2022 and 2023 were Norway ($7.79M), Switzerland ($760), and Belgium ($729).

Imports In 2023, Sweden imported $44.3M in Electric Locomotives, becoming the 9th largest importer of Electric Locomotives in the world. At the same year, Electric Locomotives was the 485th most imported product in Sweden. Sweden imports Electric Locomotives primarily from: Romania ($14.1M), Spain ($11.3M), Germany ($11.1M), Norway ($7.86M), and Netherlands ($407).

The fastest growing import markets in Electric Locomotives for Sweden between 2022 and 2023 were Germany ($6.97M), Romania ($6.94M), and Norway ($6.37M).

Latest Trends

April 2024

About

Overview In April 2024 Sweden's Electric Locomotives exports accounted up to SEK19.6M and imports accounted up to SEK12.1M, resulting in a positive trade balance of SEK7.45M. Between April 2020 and April 2024 the exports of Sweden's   Electric Locomotives have increased by SEK19M (3.7k%) from SEK514k to SEK19.6M, while imports decreased by SEK-2.37B (-99.5%) from SEK2.39B to SEK12.1M.

Destinations In April 2024, Electric Locomotives were exported mostly to , and were imported mostly from Norway (SEK12.1M).

Growth In April 2024, the increase in Electric Locomotives's year-by-year exports was explained primarily by an increase in exports to . In October 2024, the decrease in Electric Locomotives's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2020 - April 2024)SEK19M(3.7k%)
IMPORT GROWTH (October 2023 - October 2024)SEK-2.37B(-99.5%)
MAIN EXPORTER (April 2024)undefined19.6M
MAIN DESTINATION (April 2024)

This section shows Electric Locomotives'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 Locomotives over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.79M
IMPORTS (2023)$44.3M
NET TRADE (2023)-$36.5M

In 2023, Sweden exported $7.79M in Electric Locomotives. The main destinations of Sweden exports on Electric Locomotives were Norway ($7.79M), Switzerland ($760), Belgium ($729), France ($288), and Indonesia ($221).

In 2023, Sweden imported $44.3M in Electric Locomotives, mainly from Romania ($14.1M), Spain ($11.3M), Germany ($11.1M), Norway ($7.86M), and Netherlands ($407).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Locomotives EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Norway$7.79M (1%)
Switzerland$760 (1%)
Belgium$729 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Locomotives BY Sweden WERE (2022 - 2023):
Spain-$39.6k (-100%)
Indonesia-$4.87k (-95.7%)
Greece-$4.81k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Electric Locomotives were:
Germany $379M
China $255M
Italy $131M
In 2023, Sweden's main importing competitors in Electric Locomotives were:
Singapore $142M
Spain $120M
Belgium $75M

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Trade Value of Electric Locomotives by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $16k
TOP IMPORT POTENTIALChina+ $2.55k

Electric Locomotives’s highest export potential is Spain. With an export gap of $16k.   Electric Locomotives’s highest import potential is China with an import gap of $2.55k.

See methodology.

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