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2023
Exports $99.3MWorld Rnk 19 / 167
Flag Rnk 251 / 1210
2023
Destination $5.79M United States
2022 - 2023
FASTEST GROWING MARKET $5.79MPoland
2023
PRODUCT COMPLEXITY IN Forging Machines1.5Rnk 45 / 1025
2023
Imports $75.7MWorld Rnk 30 / 214
Flag Rnk 366 / 1213
2023
Origin $12.8M Italy
2022 - 2023
FASTEST GROWING ORIGIN $12.8MItaly
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $99.3M in Forging Machines, making it the 19th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 251st most exported product in Sweden. The main destination of Forging Machines exports from Sweden are: United States ($32.8M), China ($11.8M), Germany ($11.7M), Poland ($6.82M), and Norway ($5.92M).

The fastest growing export markets for Forging Machines of Sweden between 2022 and 2023 were Poland ($5.79M), Germany ($4.84M), and China ($3.73M).

Imports In 2023, Sweden imported $75.7M in Forging Machines, becoming the 30th largest importer of Forging Machines in the world. At the same year, Forging Machines was the 366th most imported product in Sweden. Sweden imports Forging Machines primarily from: Italy ($23.5M), Germany ($10.8M), Austria ($6.64M), France ($5.95M), and Finland ($5.03M).

The fastest growing import markets in Forging Machines for Sweden between 2022 and 2023 were Italy ($12.8M), Austria ($3.16M), and Netherlands ($1.9M).

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Forging Machines exports accounted up to SEK3.48M and imports accounted up to SEK1.79M, resulting in a positive trade balance of SEK1.69M. Between October 2023 and October 2024 the exports of Sweden's   Forging Machines have decreased by SEK-3.37M (-49.2%) from SEK6.85M to SEK3.48M, while imports decreased by SEK-67k (-3.61%) from SEK1.86M to SEK1.79M.

Destinations In October 2024, Forging Machines were exported mostly to United States (SEK1.48M), Denmark (SEK558k), Canada (SEK445k), Netherlands (SEK308k), and Norway (SEK284k), and were imported mostly from China (SEK726k), Germany (SEK528k), United Kingdom (SEK271k), Poland (SEK200k), and Denmark (SEK50k).

Growth In October 2024, the decrease in Forging Machines's year-by-year exports was explained primarily by a decrease in exports to Lithuania (SEK-333k or -45.7%), Poland (SEK-37k or -88.1%), and United States (SEK-10k or -0.85%). In October 2024, the decrease in Forging Machines's year-by-year imports was explained primarily by a decrease in imports from Germany (SEK-1.35M or -95.4%), Portugal (SEK-1.01M or -98.7%), and Switzerland (SEK-540k or -47%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-3.37M(-49.2%)
IMPORT GROWTH (October 2023 - October 2024)SEK-67k(-3.61%)
MAIN EXPORTER (October 2024)undefined9.69M
MAIN DESTINATION (October 2024)United StatesSEK1.48M

This section shows Forging Machines'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 Forging Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$99.3M
IMPORTS (2023)$75.7M
NET TRADE (2023)$23.6M

In 2023, Sweden exported $99.3M in Forging Machines. The main destinations of Sweden exports on Forging Machines were United States ($32.8M), China ($11.8M), Germany ($11.7M), Poland ($6.82M), and Norway ($5.92M).

In 2023, Sweden imported $75.7M in Forging Machines, mainly from Italy ($23.5M), Germany ($10.8M), Austria ($6.64M), France ($5.95M), and Finland ($5.03M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Poland$5.79M (562%)
Germany$4.84M (70.9%)
China$3.73M (46.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Sweden WERE (2022 - 2023):
United States-$3.84M (-10.5%)
Belgium-$1.22M (-96.7%)
Finland-$660k (-44.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Forging Machines were:
China $1.99B
Italy $1.4B
Germany $1.17B
In 2023, Sweden's main importing competitors in Forging Machines were:
United States $1.61B
China $762M
Mexico $640M

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Trade Value of Forging Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $4.44M
TOP IMPORT POTENTIALChina+ $3.45M

Forging Machines’s highest export potential is China. With an export gap of $4.44M.   Forging Machines’s highest import potential is China with an import gap of $3.45M.

See methodology.

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