Machinery Having Individual Functions in Sweden 2020 Exports | Imports : $1.16B | $799M, World Rnk 18 / 216 Rnk 21 / 1211 | World Rnk 33 / 225 Rnk 27 / 1209
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $59.3M | $9.1M, South Korea | Spain
2020 ECONOMIC COMPLEXITY of Sweden: 1.59, Rnk 7 / 127
2020 PRODUCT COMPLEXITY IN Machinery Having Individual Functions: 1.95, Rnk 10 / 1029
Exports In 2020, Sweden exported $1.16B in Machinery Having Individual Functions, making it the 18th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 21st most exported product in Sweden. The main destination of Machinery Having Individual Functions exports from Sweden are: United States ($169M), China ($128M), Germany ($99.7M), South Korea ($96.8M), and Norway ($80.7M).
The fastest growing export markets for Machinery Having Individual Functions of Sweden between 2019 and 2020 were South Korea ($59.3M), Norway ($12.3M), and Finland ($7.54M).
Imports In 2020, Sweden imported $799M in Machinery Having Individual Functions, becoming the 33rd largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 27th most imported product in Sweden. Sweden imports Machinery Having Individual Functions primarily from: Germany ($266M), Czechia ($49.1M), China ($44.9M), Denmark ($44.2M), and Netherlands ($44.1M).
The fastest growing import markets in Machinery Having Individual Functions for Sweden between 2019 and 2020 were Spain ($9.1M), Egypt ($6.02M), and France ($5.34M).
Tariffs In 1989, the average tariff for Sweden in Machinery Having Individual Functions was 3.04%. The countries with the highest import tariffs for Machinery Having Individual Functions were Angola (Most Favoured Nation duty rate treatement, 3.04%), Burundi (Most Favoured Nation duty rate treatement, 3.04%), Benin (Most Favoured Nation duty rate treatement, 3.04%), Burkina Faso (Most Favoured Nation duty rate treatement, 3.04%), and Botswana (Most Favoured Nation duty rate treatement, 3.04%).
November 2022
Overview In November 2022 Sweden's Machinery Having Individual Functions exports accounted up to SEK1.14B and imports accounted up to SEK817M, resulting in a positive trade balance of SEK319M. Between November 2021 and November 2022 the exports of Sweden's Machinery Having Individual Functions have increased by SEK259M (29.5%) from SEK876M to SEK1.14B, while imports decreased by SEK-167M (-17%) from SEK984M to SEK817M.
Destinations In November 2022, Machinery Having Individual Functions were exported mostly to United States (SEK199M), Germany (SEK119M), Singapore (SEK93.3M), China (SEK92.9M), and Norway (SEK84.4M), and were imported mostly from China (SEK222M), Germany (SEK217M), United States (SEK57.9M), Netherlands (SEK37.7M), and Denmark (SEK34.4M).
Growth In November 2022, the increase in Machinery Having Individual Functions's year-by-year exports was explained primarily by an increase in exports to United Kingdom (SEK12M or 65.4%), Singapore (SEK10.9M or 213%), and Poland (SEK8.88M or 97.5%). In November 2022, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from Austria (SEK-24.9M or -74.4%), Germany (SEK-21.9M or -16.6%), and Norway (SEK-19M or -59.7%).
EXPORT GROWTH (November 2021 - November 2022): SEK259M, (29.5%)
IMPORT GROWTH (November 2021 - November 2022): SEK-167M, (-17%)
MAIN DESTINATION (November 2022): United States, SEK199M
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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EXPORTS (2020): $1.16B
IMPORTS (2020): $799M
NET TRADE (2020): $364M
In 2020, Sweden exported $1.16B in Machinery Having Individual Functions. The main destinations of Sweden exports on Machinery Having Individual Functions were United States ($169M), China ($128M), Germany ($99.7M), South Korea ($96.8M), and Norway ($80.7M).
In 2020, Sweden imported $799M in Machinery Having Individual Functions, mainly from Germany ($266M), Czechia ($49.1M), China ($44.9M), Denmark ($44.2M), and Netherlands ($44.1M).
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Sweden WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Sweden WERE (2019 - 2020):
In 2020, Sweden's main exporting competitors in Machinery Having Individual Functions were:
In 2020, Sweden's main importing competitors in Machinery Having Individual Functions were:
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