2023
Exports
$14.4BWorld Rnk 15 / 210
Flag Rnk 1 / 1210
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$11.3BWorld Rnk 22 / 225
Flag Rnk 1 / 1213
2023
ECONOMIC COMPLEXITY of Sweden
1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $14.4B in Cars, making it the 15th largest exporter of Cars in the world. At the same year, Cars was the 1st most exported product in Sweden. The main destination of Cars exports from Sweden are: United States ($3.96B), Germany ($1.32B), China ($965M), Denmark ($908M), and Belgium ($663M).

The fastest growing export markets for Cars of Sweden between 2022 and 2023 were United States ($563M), Belgium ($360M), and Germany ($343M).

Imports In 2023, Sweden imported $11.3B in Cars, becoming the 22nd largest importer of Cars in the world. At the same year, Cars was the 1st most imported product in Sweden. Sweden imports Cars primarily from: Germany ($3.73B), Belgium ($3.28B), Czechia ($612M), South Korea ($606M), and France ($506M).

The fastest growing import markets in Cars for Sweden between 2022 and 2023 were Belgium ($433M), Czechia ($272M), and Germany ($260M).

COMPANIES In 2023, leading companies such as Volvo (86) were at the forefront of shipping Cars from Sweden to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-2.36B(-14.6%)
IMPORT GROWTH (October 2023 - October 2024)SEK-365M(-3.25%)
MAIN EXPORTER (October 2024)undefined15.9B
MAIN DESTINATION (October 2024)United StatesSEK3.37B

This section shows Cars'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 Cars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$14.4B
IMPORTS (2023)$11.3B
NET TRADE (2023)$3.15B

In 2023, Sweden exported $14.4B in Cars. The main destinations of Sweden exports on Cars were United States ($3.96B), Germany ($1.32B), China ($965M), Denmark ($908M), and Belgium ($663M).

In 2023, Sweden imported $11.3B in Cars, mainly from Germany ($3.73B), Belgium ($3.28B), Czechia ($612M), South Korea ($606M), and France ($506M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
United States$563M (16.6%)
Belgium$360M (119%)
Germany$343M (35%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Sweden WERE (2022 - 2023):
Italy-$202M (-63.8%)
Norway-$120M (-41.8%)
Japan-$65.6M (-23.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Sweden's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $602M
TOP IMPORT POTENTIALJapan+ $199M

Cars’s highest export potential is United States. With an export gap of $602M.   Cars’s highest import potential is Japan with an import gap of $199M.

See methodology.

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