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2022
Exports $80.2MWorld Rnk 19 / 165
Flag Rnk 293 / 1212
2022
Destination $9.74M United States
2021 - 2022
FASTEST GROWING MARKET $9.74MUnited States
2022
PRODUCT COMPLEXITY IN Forging Machines1.5Rnk 53 / 1025
2022
Imports $68.3MWorld Rnk 32 / 211
Flag Rnk 408 / 1213
2022
Origin $5.74M Italy
2021 - 2022
FASTEST GROWING ORIGIN $5.74MItaly
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $80.2M in Forging Machines, making it the 19th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 293rd most exported product in Sweden. The main destination of Forging Machines exports from Sweden are: United States ($34.3M), Germany ($14.2M), China ($10.3M), Norway ($2.47M), and Japan ($2.38M).

The fastest growing export markets for Forging Machines of Sweden between 2021 and 2022 were United States ($9.74M), Belgium ($1.19M), and Japan ($644k).

Imports In 2022, Sweden imported $68.3M in Forging Machines, becoming the 32nd largest importer of Forging Machines in the world. At the same year, Forging Machines was the 408th most imported product in Sweden. Sweden imports Forging Machines primarily from: Italy ($15.8M), Germany ($12.2M), France ($6.56M), China ($5.13M), and Finland ($5.02M).

The fastest growing import markets in Forging Machines for Sweden between 2021 and 2022 were Italy ($5.74M), Finland ($3.13M), and France ($1.86M).

Latest Trends

August 2024

About

Overview In August 2024 Sweden's Forging Machines exports accounted up to SEK3.49M and imports accounted up to SEK1.08M, resulting in a positive trade balance of SEK2.42M. Between August 2023 and August 2024 the exports of Sweden's   Forging Machines have decreased by SEK-3.97M (-53.2%) from SEK7.46M to SEK3.49M, while imports decreased by SEK-689k (-39.1%) from SEK1.76M to SEK1.08M.

Destinations In August 2024, Forging Machines were exported mostly to United States (SEK3.03M), Switzerland (SEK296k), Norway (SEK83k), Finland (SEK36k), and Lithuania (SEK27k), and were imported mostly from China (SEK634k), Italy (SEK315k), Japan (SEK61k), Denmark (SEK38k), and Norway (SEK15k).

Growth In August 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 August 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 (August 2023 - August 2024)SEK-3.97M(-53.2%)
IMPORT GROWTH (August 2023 - August 2024)SEK-689k(-39.1%)
MAIN EXPORTER (August 2024)undefined9.69M
MAIN DESTINATION (August 2024)United StatesSEK3.03M

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 (2022)$80.2M
IMPORTS (2022)$68.3M
NET TRADE (2022)$11.9M

In 2022, Sweden exported $80.2M in Forging Machines. The main destinations of Sweden exports on Forging Machines were United States ($34.3M), Germany ($14.2M), China ($10.3M), Norway ($2.47M), and Japan ($2.38M).

In 2022, Sweden imported $68.3M in Forging Machines, mainly from Italy ($15.8M), Germany ($12.2M), France ($6.56M), China ($5.13M), and Finland ($5.02M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Forging Machines EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
United States$9.74M (39.6%)
Belgium$1.19M (3.98k%)
Japan$644k (37.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Forging Machines BY Sweden WERE (2021 - 2022):
Germany-$9.61M (-40.4%)
China-$9.01M (-46.6%)
India-$3.51M (-96.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Forging Machines were:
China $1.72B
Italy $1.2B
Germany $1.02B
In 2022, Sweden's main importing competitors in Forging Machines were:
United States $1.33B
China $825M
Mexico $547M

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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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