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2022
Exports $545MWorld Rnk 18 / 216
Flag Rnk 69 / 1212
2022
Destination $48.5M Germany
2021 - 2022
FASTEST GROWING MARKET $48.5MCanada
2022
PRODUCT COMPLEXITY IN Other Electrical Machinery1.33Rnk 86 / 1025
2022
Imports $402MWorld Rnk 31 / 224
Flag Rnk 108 / 1213
2022
Origin $24.4M China
2021 - 2022
FASTEST GROWING ORIGIN $24.4MChina
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $545M in Other Electrical Machinery, making it the 18th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 69th most exported product in Sweden. The main destination of Other Electrical Machinery exports from Sweden are: Germany ($116M), China ($66.9M), Japan ($59.8M), United States ($54.4M), and Canada ($50.5M).

The fastest growing export markets for Other Electrical Machinery of Sweden between 2021 and 2022 were Canada ($48.5M), China ($24.9M), and Japan ($21.9M).

Imports In 2022, Sweden imported $402M in Other Electrical Machinery, becoming the 31st largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 108th most imported product in Sweden. Sweden imports Other Electrical Machinery primarily from: China ($113M), Germany ($61.6M), United Kingdom ($20.7M), South Korea ($19.7M), and Netherlands ($17.6M).

The fastest growing import markets in Other Electrical Machinery for Sweden between 2021 and 2022 were China ($24.4M), Spain ($6.15M), and Estonia ($3.5M).

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Other Electrical Machinery exports accounted up to SEK635M and imports accounted up to SEK227M, resulting in a positive trade balance of SEK407M. Between May 2023 and May 2024 the exports of Sweden's   Other Electrical Machinery have decreased by SEK-197M (-23.7%) from SEK832M to SEK635M, while imports decreased by SEK-33M (-12.7%) from SEK260M to SEK227M.

Destinations In May 2024, Other Electrical Machinery were exported mostly to Japan (SEK157M), Germany (SEK134M), Canada (SEK77.9M), United States (SEK61M), and Belgium (SEK34.8M), and were imported mostly from Hungary (SEK43.1M), Germany (SEK29.7M), China (SEK27M), Netherlands (SEK15.4M), and United Kingdom (SEK15.3M).

Growth In May 2024, the decrease in Other Electrical Machinery's year-by-year exports was explained primarily by a decrease in exports to India (SEK-7.37M or -73.5%), Italy (SEK-6.13M or -53.2%), and Hong Kong (SEK-2.5M or -92.7%). In May 2024, the decrease in Other Electrical Machinery's year-by-year imports was explained primarily by a decrease in imports from China (SEK-76.9M or -65.5%), Germany (SEK-23.8M or -50.2%), and France (SEK-3.01M or -56.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK-197M(-23.7%)
IMPORT GROWTH (May 2023 - May 2024)SEK-33M(-12.7%)
MAIN EXPORTER (May 2024)undefined650M
MAIN DESTINATION (May 2024)JapanSEK157M

This section shows Other Electrical Machinery'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 Other Electrical Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$545M
IMPORTS (2022)$402M
NET TRADE (2022)$143M

In 2022, Sweden exported $545M in Other Electrical Machinery. The main destinations of Sweden exports on Other Electrical Machinery were Germany ($116M), China ($66.9M), Japan ($59.8M), United States ($54.4M), and Canada ($50.5M).

In 2022, Sweden imported $402M in Other Electrical Machinery, mainly from China ($113M), Germany ($61.6M), United Kingdom ($20.7M), South Korea ($19.7M), and Netherlands ($17.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Canada$48.5M (2.43k%)
China$24.9M (59.2%)
Japan$21.9M (58%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Sweden WERE (2021 - 2022):
Germany-$15M (-11.5%)
United Kingdom-$13.7M (-61.4%)
Finland-$8.11M (-35.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Other Electrical Machinery were:
China $27.5B
Germany $4.81B
United States $4.57B
In 2022, Sweden's main importing competitors in Other Electrical Machinery were:
United States $18.2B
China $4.55B
Germany $3.76B

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $42.1M
TOP IMPORT POTENTIALChina+ $30.7M

Other Electrical Machinery’s highest export potential is United States. With an export gap of $42.1M.   Other Electrical Machinery’s highest import potential is China with an import gap of $30.7M.

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