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2022
Exports $1.34BWorld Rnk 11 / 185
Flag Rnk 27 / 1212
2022
Destination $51.2M United States
2021 - 2022
FASTEST GROWING MARKET $51.2MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Large Construction Vehicles0.88Rnk 219 / 1025
2022
Imports $546MWorld Rnk 27 / 222
Flag Rnk 70 / 1213
2022
Origin $20M Germany
2021 - 2022
FASTEST GROWING ORIGIN $20MBelgium
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $1.34B in Large Construction Vehicles, making it the 11th largest exporter of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 27th most exported product in Sweden. The main destination of Large Construction Vehicles exports from Sweden are: United States ($171M), Germany ($165M), Italy ($98.7M), United Kingdom ($78M), and France ($65.4M).

The fastest growing export markets for Large Construction Vehicles of Sweden between 2021 and 2022 were United Kingdom ($51.2M), Germany ($28.8M), and United States ($22.6M).

Imports In 2022, Sweden imported $546M in Large Construction Vehicles, becoming the 27th largest importer of Large Construction Vehicles in the world. At the same year, Large Construction Vehicles was the 70th most imported product in Sweden. Sweden imports Large Construction Vehicles primarily from: Germany ($122M), Belgium ($62.9M), Finland ($42.9M), Norway ($41.8M), and United Kingdom ($41.7M).

The fastest growing import markets in Large Construction Vehicles for Sweden between 2021 and 2022 were Belgium ($20M), Finland ($15.5M), and Czechia ($2M).

COMPANIES In 2023, leading companies such as Volvo (314) and John Deere (74) were at the forefront of shipping Large Construction Vehicles from Sweden to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Sweden's Large Construction Vehicles exports accounted up to SEK117M and imports accounted up to SEK342M, resulting in a negative trade balance of SEK225M. Between September 2023 and September 2024 the exports of Sweden's   Large Construction Vehicles have decreased by SEK-67.5M (-36.6%) from SEK184M to SEK117M, while imports decreased by SEK-105M (-23.5%) from SEK447M to SEK342M.

Destinations In September 2024, Large Construction Vehicles were exported mostly to United States (SEK23.6M), Norway (SEK10.7M), Finland (SEK9.6M), Poland (SEK9.36M), and Turkey (SEK7.58M), and were imported mostly from Germany (SEK62.1M), Norway (SEK62M), Netherlands (SEK39.4M), China (SEK35.3M), and United Kingdom (SEK27.9M).

Growth In September 2024, the decrease in Large Construction Vehicles's year-by-year exports was explained primarily by a decrease in exports to Canada (SEK-6.5M or -92.4%), Brazil (SEK-2.95M or -75.1%), and Germany (SEK-2.36M or -99.9%). In September 2024, the decrease in Large Construction Vehicles's year-by-year imports was explained primarily by a decrease in imports from Finland (SEK-11.9M or -60.7%), Austria (SEK-8.03M or -38.7%), and Germany (SEK-5.78M or -13.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)SEK-67.5M(-36.6%)
IMPORT GROWTH (September 2023 - September 2024)SEK-105M(-23.5%)
MAIN EXPORTER (September 2024)undefined251M
MAIN DESTINATION (September 2024)United StatesSEK23.6M

This section shows Large Construction Vehicles'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 Large Construction Vehicles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.34B
IMPORTS (2022)$546M
NET TRADE (2022)$797M

In 2022, Sweden exported $1.34B in Large Construction Vehicles. The main destinations of Sweden exports on Large Construction Vehicles were United States ($171M), Germany ($165M), Italy ($98.7M), United Kingdom ($78M), and France ($65.4M).

In 2022, Sweden imported $546M in Large Construction Vehicles, mainly from Germany ($122M), Belgium ($62.9M), Finland ($42.9M), Norway ($41.8M), and United Kingdom ($41.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Construction Vehicles EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
United Kingdom$51.2M (191%)
Germany$28.8M (21.1%)
United States$22.6M (15.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Construction Vehicles BY Sweden WERE (2021 - 2022):
France-$77.5M (-54.2%)
Netherlands-$68.4M (-68.1%)
Italy-$35.5M (-26.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Large Construction Vehicles were:
China $14.3B
Japan $13B
United States $5.24B
In 2022, Sweden's main importing competitors in Large Construction Vehicles were:
United States $10.7B
Canada $4.04B
Australia $2.75B

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Trade Value of Large Construction Vehicles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $64.6M
TOP IMPORT POTENTIALChina+ $28.6M

Large Construction Vehicles’s highest export potential is United States. With an export gap of $64.6M.   Large Construction Vehicles’s highest import potential is China with an import gap of $28.6M.

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