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2022
Exports $171MWorld Rnk 17 / 144
Flag Rnk 189 / 1212
2022
Destination $22.1M France
2021 - 2022
FASTEST GROWING MARKET $22.1MEgypt
2022
PRODUCT COMPLEXITY IN Locomotive Parts0.82Rnk 237 / 1025
2022
Imports $109MWorld Rnk 24 / 200
Flag Rnk 306 / 1213
2022
Origin $2.38M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.38MSwitzerland
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $171M in Locomotive Parts, making it the 17th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 189th most exported product in Sweden. The main destination of Locomotive Parts exports from Sweden are: France ($29.3M), Egypt ($22.8M), Norway ($19.1M), United Kingdom ($13.5M), and China ($11M).

The fastest growing export markets for Locomotive Parts of Sweden between 2021 and 2022 were Egypt ($22.1M), Austria ($3.9M), and New Zealand ($1.87M).

Imports In 2022, Sweden imported $109M in Locomotive Parts, becoming the 24th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 306th most imported product in Sweden. Sweden imports Locomotive Parts primarily from: Germany ($25.1M), Italy ($14.3M), Norway ($11.8M), Poland ($11.4M), and Switzerland ($8.16M).

The fastest growing import markets in Locomotive Parts for Sweden between 2021 and 2022 were Switzerland ($2.38M), Italy ($2.38M), and Ireland ($1.51M).

COMPANIES In 2023, leading companies such as Volvo (189) and IKEA Group (1) were at the forefront of shipping Locomotive Parts from Sweden to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Sweden's Locomotive Parts exports accounted up to SEK108M and imports accounted up to SEK126M, resulting in a negative trade balance of SEK18.1M. Between September 2023 and September 2024 the exports of Sweden's   Locomotive Parts have increased by SEK17.1M (18.8%) from SEK91.2M to SEK108M, while imports decreased by SEK-4.55M (-3.47%) from SEK131M to SEK126M.

Destinations In September 2024, Locomotive Parts were exported mostly to Norway (SEK22.4M), Germany (SEK16.8M), France (SEK12.7M), Denmark (SEK8.7M), and China (SEK6.49M), and were imported mostly from Germany (SEK27.6M), Italy (SEK16.5M), Poland (SEK14.7M), Norway (SEK13.1M), and France (SEK11.5M).

Growth In September 2024, the increase in Locomotive Parts's year-by-year exports was explained primarily by an increase in exports to Norway (SEK15.4M or 143%), France (SEK6.73M or 136%), and Spain (SEK3.54M or 155%). In September 2024, the decrease in Locomotive Parts's year-by-year imports was explained primarily by a decrease in imports from Germany (SEK-9.15M or -29.2%), Italy (SEK-3.99M or -46.7%), and China (SEK-3.02M or -60.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)SEK17.1M(18.8%)
IMPORT GROWTH (September 2023 - September 2024)SEK-4.55M(-3.47%)
MAIN EXPORTER (September 2024)undefined109M
MAIN DESTINATION (September 2024)NorwaySEK22.4M

This section shows Locomotive Parts'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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$171M
IMPORTS (2022)$109M
NET TRADE (2022)$61.7M

In 2022, Sweden exported $171M in Locomotive Parts. The main destinations of Sweden exports on Locomotive Parts were France ($29.3M), Egypt ($22.8M), Norway ($19.1M), United Kingdom ($13.5M), and China ($11M).

In 2022, Sweden imported $109M in Locomotive Parts, mainly from Germany ($25.1M), Italy ($14.3M), Norway ($11.8M), Poland ($11.4M), and Switzerland ($8.16M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Egypt$22.1M (3.17k%)
Austria$3.9M (187%)
New Zealand$1.87M (188%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Sweden WERE (2021 - 2022):
France-$14.4M (-33%)
United Kingdom-$11M (-44.7%)
Germany-$9.39M (-47.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Locomotive Parts were:
Germany $1.71B
United States $1.59B
China $1.58B
In 2022, Sweden's main importing competitors in Locomotive Parts were:
Germany $1.61B
Mexico $1.05B
United States $998M

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.65M
TOP IMPORT POTENTIALChina+ $3.43M

Locomotive Parts’s highest export potential is Germany. With an export gap of $7.65M.   Locomotive Parts’s highest import potential is China with an import gap of $3.43M.

See methodology.

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