Machinery Having Individual Functions in Sweden | The Observatory of Economic Complexity

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Exports In 2023, Sweden exported $1.83B in Machinery Having Individual Functions, making it the 17th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 20th most exported product in Sweden. The main destination of Machinery Having Individual Functions exports from Sweden are: China ($270M), United States ($248M), Germany ($172M), United Kingdom ($113M), and Italy ($101M).

The fastest growing export markets for Machinery Having Individual Functions of Sweden between 2022 and 2023 were China ($105M), United Kingdom ($54M), and United States ($33.9M).

Imports In 2023, Sweden imported $871M in Machinery Having Individual Functions, becoming the 35th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 38th most imported product in Sweden. Sweden imports Machinery Having Individual Functions primarily from: Germany ($246M), China ($88.9M), United States ($55.7M), Italy ($41.4M), and Czechia ($41.1M).

The fastest growing import markets in Machinery Having Individual Functions for Sweden between 2022 and 2023 were France ($11.5M), Germany ($9.21M), and Italy ($8.29M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (12) and Volvo (1) were at the forefront of shipping Machinery Having Individual Functions from Sweden to the United States.

Latest Trends

October 2024

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Overview In October 2024 Sweden's Machinery Having Individual Functions exports accounted up to SEK1.28B and imports accounted up to SEK670M, resulting in a positive trade balance of SEK613M. Between October 2023 and October 2024 the exports of Sweden's Machinery Having Individual Functions have increased by SEK212M (19.8%) from SEK1.07B to SEK1.28B, while imports decreased by SEK-16.6M (-2.42%) from SEK686M to SEK670M.

Destinations In October 2024, Machinery Having Individual Functions were exported mostly to United States (SEK162M), Germany (SEK148M), China (SEK94.6M), Norway (SEK89.8M), and Belgium (SEK81M), and were imported mostly from Germany (SEK158M), China (SEK71.9M), South Korea (SEK52.3M), Czechia (SEK42.8M), and Finland (SEK41.4M).

Growth In October 2024, the increase in Machinery Having Individual Functions's year-by-year exports was explained primarily by an increase in exports to Germany (SEK102M or 178%), Italy (SEK47.9M or 231%), and United States (SEK46.3M or 50.1%). In October 2024, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from South Korea (SEK-19.1M or -95.2%), Spain (SEK-6.1M or -62.8%), and Japan (SEK-4.63M or -27%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (October 2023 - October 2024)SEK212M(19.8%)

IMPORT GROWTH (October 2023 - October 2024)SEK-16.6M(-2.42%)

MAIN EXPORTER (October 2024)undefined1.31B

MAIN DESTINATION (October 2024)United StatesSEK162M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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