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2022
Exports $255MWorld Rnk 11 / 201
Flag Rnk 147 / 1212
falsefalse Italy
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.96Rnk 7 / 1025
2022
Imports $96.1MWorld Rnk 35 / 220
Flag Rnk 339 / 1213
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $255M in Electric Soldering Equipment, making it the 11th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 147th most exported product in Sweden. The main destination of Electric Soldering Equipment exports from Sweden are: Italy ($51.4M), Germany ($48.6M), United States ($26.9M), Spain ($17.8M), and Czechia ($14.8M).

Imports In 2022, Sweden imported $96.1M in Electric Soldering Equipment, becoming the 35th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 339th most imported product in Sweden. Sweden imports Electric Soldering Equipment primarily from: Germany ($27.8M), China ($15.2M), Italy ($6.72M), Austria ($6.63M), and Switzerland ($6.33M).

The fastest growing import markets in Electric Soldering Equipment for Sweden between 2021 and 2022 were Germany ($8.12M), Netherlands ($1.74M), and Brazil ($856k).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (3) were at the forefront of shipping Electric Soldering Equipment from Sweden to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Sweden's Electric Soldering Equipment exports accounted up to SEK63.1M and imports accounted up to SEK45.6M, resulting in a positive trade balance of SEK17.5M. Between July 2023 and July 2024 the exports of Sweden's   Electric Soldering Equipment have decreased by SEK-16.1M (-20.3%) from SEK79.2M to SEK63.1M, while imports increased by SEK6.11M (15.5%) from SEK39.5M to SEK45.6M.

Destinations In July 2024, Electric Soldering Equipment were exported mostly to China (SEK13.5M), United States (SEK9.38M), South Africa (SEK5.27M), Italy (SEK4.56M), and Brazil (SEK4.48M), and were imported mostly from Austria (SEK8.67M), Germany (SEK8.13M), Italy (SEK4.21M), Turkey (SEK3.86M), and Finland (SEK3.05M).

Growth In July 2024, the decrease in Electric Soldering Equipment's year-by-year exports was explained primarily by a decrease in exports to Germany (SEK-33M or -93.6%), United States (SEK-6M or -38%), and Spain (SEK-5.24M or -92.1%). In July 2024, the increase in Electric Soldering Equipment's year-by-year imports was explained primarily by an increase in imports from Italy (SEK2.88M or 103%), Finland (SEK1.3M or 41%), and Germany (SEK611k or 5.77%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)SEK-16.1M(-20.3%)
IMPORT GROWTH (July 2023 - July 2024)SEK6.11M(15.5%)
MAIN EXPORTER (July 2024)undefined163M
MAIN DESTINATION (July 2024)ChinaSEK13.5M

This section shows Electric Soldering Equipment'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 Soldering Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$255M
IMPORTS (2022)$96.1M
NET TRADE (2022)$158M

In 2022, Sweden exported $255M in Electric Soldering Equipment. The main destinations of Sweden exports on Electric Soldering Equipment were Italy ($51.4M), Germany ($48.6M), United States ($26.9M), Spain ($17.8M), and Czechia ($14.8M).

In 2022, Sweden imported $96.1M in Electric Soldering Equipment, mainly from Germany ($27.8M), China ($15.2M), Italy ($6.72M), Austria ($6.63M), and Switzerland ($6.33M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Sweden's main exporting competitors in Electric Soldering Equipment were:
China $2.65B
Germany $2.39B
United States $1.09B
In 2022, Sweden's main importing competitors in Electric Soldering Equipment were:
United States $1.95B
China $965M
Germany $855M

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.06M
TOP IMPORT POTENTIALChina+ $5.48M

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $8.06M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $5.48M.

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