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2023
Exports $777MWorld Rnk 27 / 220
Flag Rnk 45 / 1210
2023
Destination $119M South Korea
2022 - 2023
FASTEST GROWING MARKET $119MSouth Korea
2023
PRODUCT COMPLEXITY IN Electrical Control Boards0.69Rnk 285 / 1025
2023
Imports $958MWorld Rnk 24 / 225
Flag Rnk 30 / 1213
2023
Origin $32.2M Germany
2022 - 2023
FASTEST GROWING ORIGIN $32.2MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $777M in Electrical Control Boards, making it the 27th largest exporter of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 45th most exported product in Sweden. The main destination of Electrical Control Boards exports from Sweden are: South Korea ($123M), United States ($79.4M), China ($66.2M), Germany ($62.7M), and United Kingdom ($38.2M).

The fastest growing export markets for Electrical Control Boards of Sweden between 2022 and 2023 were South Korea ($119M), United States ($22.4M), and Poland ($16.9M).

Imports In 2023, Sweden imported $958M in Electrical Control Boards, becoming the 24th largest importer of Electrical Control Boards in the world. At the same year, Electrical Control Boards was the 30th most imported product in Sweden. Sweden imports Electrical Control Boards primarily from: Germany ($243M), China ($90.2M), Netherlands ($64.5M), Norway ($63.4M), and Spain ($48.2M).

The fastest growing import markets in Electrical Control Boards for Sweden between 2022 and 2023 were Germany ($32.2M), Norway ($29.8M), and Netherlands ($21M).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Electrical Control Boards exports accounted up to SEK630M and imports accounted up to SEK848M, resulting in a negative trade balance of SEK218M. Between November 2023 and November 2024 the exports of Sweden's   Electrical Control Boards have decreased by SEK-373M (-37.2%) from SEK1B to SEK630M, while imports increased by SEK901k (0.11%) from SEK847M to SEK848M.

Destinations In November 2024, Electrical Control Boards were exported mostly to United States (SEK67.9M), Norway (SEK55M), Germany (SEK53.8M), China (SEK48.9M), and Italy (SEK41.9M), and were imported mostly from Germany (SEK232M), China (SEK82.7M), Norway (SEK53.5M), Spain (SEK44.5M), and France (SEK36.5M).

Growth In November 2024, the decrease in Electrical Control Boards's year-by-year exports was explained primarily by a decrease in exports to Russia (SEK-5.71M or -99.9%), Austria (SEK-5.55M or -58%), and Canada (SEK-3.13M or -47.2%). In November 2024, the increase in Electrical Control Boards's year-by-year imports was explained primarily by an increase in imports from Germany (SEK101M or 60.7%), China (SEK65.2M or 229%), and Denmark (SEK31.5M or 360%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK-373M(-37.2%)
IMPORT GROWTH (November 2023 - November 2024)SEK901k(0.11%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)United StatesSEK67.9M

This section shows Electrical Control Boards'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 Electrical Control Boards over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$777M
IMPORTS (2023)$958M
NET TRADE (2023)-$181M

In 2023, Sweden exported $777M in Electrical Control Boards. The main destinations of Sweden exports on Electrical Control Boards were South Korea ($123M), United States ($79.4M), China ($66.2M), Germany ($62.7M), and United Kingdom ($38.2M).

In 2023, Sweden imported $958M in Electrical Control Boards, mainly from Germany ($243M), China ($90.2M), Netherlands ($64.5M), Norway ($63.4M), and Spain ($48.2M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Control Boards EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
South Korea$119M (2.93k%)
United States$22.4M (39.2%)
Poland$16.9M (153%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Control Boards BY Sweden WERE (2022 - 2023):
Algeria-$4.28M (-89%)
Saudi Arabia-$3.67M (-54.5%)
Singapore-$2.96M (-31.8%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Electrical Control Boards were:
China $14.5B
Germany $13.7B
Mexico $9.41B
In 2023, Sweden's main importing competitors in Electrical Control Boards were:
United States $18.9B
Germany $10.8B
China $6.58B

Explore Visualizations

Trade Value of Electrical Control Boards by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $40.5M
TOP IMPORT POTENTIALChina+ $46.3M

Electrical Control Boards’s highest export potential is United States. With an export gap of $40.5M.   Electrical Control Boards’s highest import potential is China with an import gap of $46.3M.

See methodology.

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