Motor vehicles; parts and accessories (8701 to 8705) in Sweden 2021 Exports | Imports : $5.08B | $5.74B, World Rnk 20 / 225 Rnk 5 / 1209 | World Rnk 21 / 225 Rnk 3 / 1211
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $179M | $261M, France | Germany
2021 ECONOMIC COMPLEXITY of Sweden: 1.54, Rnk 8 / 131
2021 PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705): 1.01, Rnk 169 / 1029
Exports In 2021, Sweden exported $5.08B in Motor vehicles; parts and accessories (8701 to 8705), making it the 20th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 5th most exported product in Sweden. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Sweden are: Belgium ($1.04B), Netherlands ($737M), France ($568M), Germany ($349M), and Poland ($262M).
The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Sweden between 2020 and 2021 were France ($179M), Netherlands ($166M), and Belgium ($152M).
Imports In 2021, Sweden imported $5.74B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 21st largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 3rd most imported product in Sweden. Sweden imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($1.42B), Poland ($648M), Netherlands ($513M), Czechia ($445M), and Italy ($424M).
The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Sweden between 2020 and 2021 were Germany ($261M), Poland ($123M), and Netherlands ($77.2M).
Tariffs In 1989, the average tariff for Sweden in Motor vehicles; parts and accessories (8701 to 8705) was 5.77%. The countries with the highest import tariffs for Motor vehicles; parts and accessories (8701 to 8705) were Angola (Most Favoured Nation duty rate treatment, 5.77%), Burundi (Most Favoured Nation duty rate treatment, 5.77%), Benin (Most Favoured Nation duty rate treatment, 5.77%), Burkina Faso (Most Favoured Nation duty rate treatment, 5.77%), and Botswana (Most Favoured Nation duty rate treatment, 5.77%).
December 2022
Overview In December 2022 Sweden's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to SEK3.83B and imports accounted up to SEK5.15B, resulting in a negative trade balance of SEK1.31B. Between December 2021 and December 2022 the exports of Sweden's Motor vehicles; parts and accessories (8701 to 8705) have increased by SEK338M (9.68%) from SEK3.49B to SEK3.83B, while imports increased by SEK900M (21.2%) from SEK4.25B to SEK5.15B.
Destinations In December 2022, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to Belgium (SEK812M), Netherlands (SEK516M), France (SEK471M), United States (SEK249M), and Norway (SEK227M), and were imported mostly from Germany (SEK1.33B), Belgium (SEK534M), Poland (SEK478M), Czechia (SEK389M), and Italy (SEK294M).
Growth In December 2022, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by an increase in exports to Russia (SEK52.2M or 65.5%), Belgium (SEK46.5M or 5.54%), and Switzerland (SEK25.5M or 94.5%). In December 2022, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by an increase in imports from Germany (SEK78.7M or 7.71%), United Kingdom (SEK72.1M or 45.3%), and China (SEK52.5M or 97.2%).
EXPORT GROWTH (December 2021 - December 2022): SEK338M, (9.68%)
IMPORT GROWTH (December 2021 - December 2022): SEK900M, (21.2%)
MAIN DESTINATION (December 2022): Belgium, SEK812M
This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.
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EXPORTS (2021): $5.08B
IMPORTS (2021): $5.74B
NET TRADE (2021): -$659M
In 2021, Sweden exported $5.08B in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Sweden exports on Motor vehicles; parts and accessories (8701 to 8705) were Belgium ($1.04B), Netherlands ($737M), France ($568M), Germany ($349M), and Poland ($262M).
In 2021, Sweden imported $5.74B in Motor vehicles; parts and accessories (8701 to 8705), mainly from Germany ($1.42B), Poland ($648M), Netherlands ($513M), Czechia ($445M), and Italy ($424M).
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Sweden WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Sweden WERE (2020 - 2021):
In 2021, Sweden's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2021, Sweden's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
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