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2023
Exports $3.39MWorld Rnk 35 / 124
Flag Rnk 788 / 1210
2023
Destination $457k United States
2022 - 2023
FASTEST GROWING MARKET $457kHungary
2023
PRODUCT COMPLEXITY IN Tobacco Processing Machines-0.1Rnk 589 / 1025
2023
Imports $12.3MWorld Rnk 33 / 176
Flag Rnk 732 / 1213
2023
Origin $3.01M Germany
2022 - 2023
FASTEST GROWING ORIGIN $3.01MUnited States
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $3.39M in Tobacco Processing Machines, making it the 35th largest exporter of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 788th most exported product in Sweden. The main destination of Tobacco Processing Machines exports from Sweden are: United States ($875k), Saudi Arabia ($632k), Hungary ($559k), Italy ($491k), and Netherlands ($254k).

The fastest growing export markets for Tobacco Processing Machines of Sweden between 2022 and 2023 were Hungary ($457k), Saudi Arabia ($327k), and Netherlands ($253k).

Imports In 2023, Sweden imported $12.3M in Tobacco Processing Machines, becoming the 33rd largest importer of Tobacco Processing Machines in the world. At the same year, Tobacco Processing Machines was the 732nd most imported product in Sweden. Sweden imports Tobacco Processing Machines primarily from: Germany ($6.54M), United States ($3.03M), Italy ($2.5M), Denmark ($84.2k), and Norway ($46.8k).

The fastest growing import markets in Tobacco Processing Machines for Sweden between 2022 and 2023 were United States ($3.01M), Italy ($2.1M), and Germany ($220k).

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Tobacco Processing Machines exports accounted up to SEK3.71M and imports accounted up to SEK9.05M, resulting in a negative trade balance of SEK5.34M. Between October 2023 and October 2024 the exports of Sweden's   Tobacco Processing Machines have increased by SEK2.36M (175%) from SEK1.35M to SEK3.71M, while imports decreased by SEK-132k (-1.44%) from SEK9.18M to SEK9.05M.

Destinations In October 2024, Tobacco Processing Machines were exported mostly to Armenia (SEK2.74M), United States (SEK883k), Norway (SEK29k), Canada (SEK27k), and United Arab Emirates (SEK25k), and were imported mostly from Germany (SEK8.56M), Italy (SEK371k), Belgium (SEK84k), Denmark (SEK24k), and Norway (SEK8k).

Growth In October 2024, the increase in Tobacco Processing Machines's year-by-year exports was explained primarily by an increase in exports to United States (SEK243k or 37%). In October 2024, the decrease in Tobacco Processing Machines's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK2.36M(175%)
IMPORT GROWTH (October 2023 - October 2024)SEK-132k(-1.44%)
MAIN EXPORTER (October 2024)undefined3.71M
MAIN DESTINATION (October 2024)ArmeniaSEK2.74M

This section shows Tobacco Processing Machines'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 Tobacco Processing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.39M
IMPORTS (2023)$12.3M
NET TRADE (2023)-$8.88M

In 2023, Sweden exported $3.39M in Tobacco Processing Machines. The main destinations of Sweden exports on Tobacco Processing Machines were United States ($875k), Saudi Arabia ($632k), Hungary ($559k), Italy ($491k), and Netherlands ($254k).

In 2023, Sweden imported $12.3M in Tobacco Processing Machines, mainly from Germany ($6.54M), United States ($3.03M), Italy ($2.5M), Denmark ($84.2k), and Norway ($46.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tobacco Processing Machines EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Hungary$457k (446%)
Saudi Arabia$327k (107%)
Netherlands$253k (38.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tobacco Processing Machines BY Sweden WERE (2022 - 2023):
Philippines-$82.8k (-100%)
United Kingdom-$78.7k (-87.2%)
Germany-$28.3k (-96.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Tobacco Processing Machines were:
Germany $335M
Italy $306M
Poland $77M
In 2023, Sweden's main importing competitors in Tobacco Processing Machines were:
Indonesia $178M
Romania $90.6M
Poland $82.9M

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Trade Value of Tobacco Processing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $66.8k
TOP IMPORT POTENTIALItaly+ $269k

Tobacco Processing Machines’s highest export potential is United States. With an export gap of $66.8k.   Tobacco Processing Machines’s highest import potential is Italy with an import gap of $269k.

See methodology.

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