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2023
Exports $852MWorld Rnk 32 / 223
Flag Rnk 41 / 1210
2023
Destination $51M Norway
2022 - 2023
FASTEST GROWING MARKET $51MSouth Korea
2023
PRODUCT COMPLEXITY IN Electrical Transformers0.68Rnk 293 / 1025
2023
Imports $1.62BWorld Rnk 27 / 225
Flag Rnk 11 / 1213
2023
Origin $53.7M China
2022 - 2023
FASTEST GROWING ORIGIN $53.7MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $852M in Electrical Transformers, making it the 32nd largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 41st most exported product in Sweden. The main destination of Electrical Transformers exports from Sweden are: Norway ($87.1M), United Kingdom ($86.9M), United States ($86.4M), Germany ($68.2M), and Denmark ($59.9M).

The fastest growing export markets for Electrical Transformers of Sweden between 2022 and 2023 were South Korea ($51M), Germany ($25.1M), and Saudi Arabia ($20.6M).

Imports In 2023, Sweden imported $1.62B in Electrical Transformers, becoming the 27th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 11th most imported product in Sweden. Sweden imports Electrical Transformers primarily from: China ($393M), Germany ($254M), Netherlands ($133M), Finland ($93.2M), and Poland ($84.7M).

The fastest growing import markets in Electrical Transformers for Sweden between 2022 and 2023 were Germany ($53.7M), China ($52.7M), and Finland ($50M).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Electrical Transformers exports accounted up to SEK579M and imports accounted up to SEK1.62B, resulting in a negative trade balance of SEK1.04B. Between November 2023 and November 2024 the exports of Sweden's   Electrical Transformers have decreased by SEK-185M (-24.2%) from SEK765M to SEK579M, while imports increased by SEK188M (13.1%) from SEK1.43B to SEK1.62B.

Destinations In November 2024, Electrical Transformers were exported mostly to United States (SEK58.6M), Chinese Taipei (SEK56.5M), Norway (SEK48.9M), Denmark (SEK44.8M), and United Kingdom (SEK43.7M), and were imported mostly from China (SEK363M), Finland (SEK192M), Germany (SEK133M), Italy (SEK100M), and Croatia (SEK99.8M).

Growth In November 2024, the decrease in Electrical Transformers's year-by-year exports was explained primarily by a decrease in exports to France (SEK-46.7M or -85.7%), Angola (SEK-23.5M or -100%), and United Kingdom (SEK-18.1M or -39.7%). In November 2024, the increase in Electrical Transformers's year-by-year imports was explained primarily by an increase in imports from China (SEK98.1M or 53%), Finland (SEK68.1M or 320%), and Germany (SEK65.4M or 54.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK-185M(-24.2%)
IMPORT GROWTH (November 2023 - November 2024)SEK188M(13.1%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)United StatesSEK58.6M

This section shows Electrical Transformers'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 Transformers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$852M
IMPORTS (2023)$1.62B
NET TRADE (2023)-$769M

In 2023, Sweden exported $852M in Electrical Transformers. The main destinations of Sweden exports on Electrical Transformers were Norway ($87.1M), United Kingdom ($86.9M), United States ($86.4M), Germany ($68.2M), and Denmark ($59.9M).

In 2023, Sweden imported $1.62B in Electrical Transformers, mainly from China ($393M), Germany ($254M), Netherlands ($133M), Finland ($93.2M), and Poland ($84.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
South Korea$51M (899%)
Germany$25.1M (58.3%)
Saudi Arabia$20.6M (2.9k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Sweden WERE (2022 - 2023):
United Kingdom-$86.6M (-49.9%)
Canada-$38.1M (-69.9%)
China-$21.9M (-35.5%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Electrical Transformers were:
China $51.9B
Germany $12.8B
Mexico $6.34B
In 2023, Sweden's main importing competitors in Electrical Transformers were:
United States $27.3B
Germany $15.1B
China $7.17B

Explore Visualizations

Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $63.2M
TOP IMPORT POTENTIALChina+ $116M

Electrical Transformers’s highest export potential is United States. With an export gap of $63.2M.   Electrical Transformers’s highest import potential is China with an import gap of $116M.

See methodology.

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