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%).