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2023
Exports $606MWorld Rnk 15 / 218
Flag Rnk 58 / 1210
2023
Destination $11.8M Germany
2022 - 2023
FASTEST GROWING MARKET $11.8MGermany
2023
PRODUCT COMPLEXITY IN Ball Bearings1.17Rnk 116 / 1025
2023
Imports $427MWorld Rnk 25 / 221
Flag Rnk 84 / 1213
2023
Origin $18.9M Germany
2022 - 2023
FASTEST GROWING ORIGIN $18.9MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $606M in Ball Bearings, making it the 15th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 58th most exported product in Sweden. The main destination of Ball Bearings exports from Sweden are: Germany ($64.3M), China ($60.1M), United States ($50.4M), Malaysia ($33M), and Turkey ($30.9M).

The fastest growing export markets for Ball Bearings of Sweden between 2022 and 2023 were Germany ($11.8M), India ($7.8M), and Chile ($4.17M).

Imports In 2023, Sweden imported $427M in Ball Bearings, becoming the 25th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 84th most imported product in Sweden. Sweden imports Ball Bearings primarily from: Germany ($123M), France ($59.7M), Italy ($59.1M), Poland ($53.7M), and Austria ($42.3M).

The fastest growing import markets in Ball Bearings for Sweden between 2022 and 2023 were Germany ($18.9M), France ($10.5M), and South Korea ($6.83M).

COMPANIES In 2023, leading companies such as SKF Group (110) and ABB Motors and Mechanical (4) were at the forefront of shipping Ball Bearings from Sweden to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Ball Bearings exports accounted up to SEK502M and imports accounted up to SEK411M, resulting in a positive trade balance of SEK91.2M. Between October 2023 and October 2024 the exports of Sweden's   Ball Bearings have decreased by SEK-2.78M (-0.55%) from SEK505M to SEK502M, while imports increased by SEK30.9M (8.12%) from SEK380M to SEK411M.

Destinations In October 2024, Ball Bearings were exported mostly to United States (SEK66M), Belgium (SEK65.7M), China (SEK63.1M), India (SEK38.4M), and Turkey (SEK34.5M), and were imported mostly from Germany (SEK113M), Poland (SEK91M), France (SEK49.8M), Austria (SEK34.1M), and Italy (SEK28.5M).

Growth In October 2024, the decrease in Ball Bearings's year-by-year exports was explained primarily by a decrease in exports to Russia (SEK-8.07M or -99%), China (SEK-7.48M or -16.2%), and Denmark (SEK-4.45M or -52.4%). In October 2024, the increase in Ball Bearings's year-by-year imports was explained primarily by an increase in imports from Poland (SEK56.5M or 188%), Italy (SEK34.5M or 106%), and Germany (SEK23.6M or 30.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-2.78M(-0.55%)
IMPORT GROWTH (October 2023 - October 2024)SEK30.9M(8.12%)
MAIN EXPORTER (October 2024)undefined504M
MAIN DESTINATION (October 2024)United StatesSEK66M

This section shows Ball Bearings'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 Ball Bearings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$606M
IMPORTS (2023)$427M
NET TRADE (2023)$179M

In 2023, Sweden exported $606M in Ball Bearings. The main destinations of Sweden exports on Ball Bearings were Germany ($64.3M), China ($60.1M), United States ($50.4M), Malaysia ($33M), and Turkey ($30.9M).

In 2023, Sweden imported $427M in Ball Bearings, mainly from Germany ($123M), France ($59.7M), Italy ($59.1M), Poland ($53.7M), and Austria ($42.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Germany$11.8M (22.4%)
India$7.8M (43.1%)
Chile$4.17M (57%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Sweden WERE (2022 - 2023):
Malaysia-$32.9M (-49.9%)
China-$11.2M (-15.7%)
United States-$8.75M (-14.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Ball Bearings were:
China $6.46B
Germany $5.01B
Japan $4.28B
In 2023, Sweden's main importing competitors in Ball Bearings were:
Germany $4.37B
China $3.31B
United States $3.24B

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Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $24.7M
TOP IMPORT POTENTIALChina+ $18.7M

Ball Bearings’s highest export potential is China. With an export gap of $24.7M.   Ball Bearings’s highest import potential is China with an import gap of $18.7M.

See methodology.

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