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2022
Exports $2.46BWorld Rnk 5 / 186
Flag Rnk 14 / 1212
2022
Destination $24.9M Belgium
2021 - 2022
FASTEST GROWING MARKET $24.9MBelgium
2022
PRODUCT COMPLEXITY IN Combustion Engines1.13Rnk 126 / 1025
2022
Imports $208MWorld Rnk 35 / 220
Flag Rnk 177 / 1213
2022
Origin $1.74M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.74MUnited States
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $2.46B in Combustion Engines, making it the 5th largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 14th most exported product in Sweden. The main destination of Combustion Engines exports from Sweden are: Belgium ($659M), France ($543M), Netherlands ($444M), Italy ($98.1M), and United States ($90.4M).

The fastest growing export markets for Combustion Engines of Sweden between 2021 and 2022 were Belgium ($24.9M), Italy ($19.6M), and France ($15.6M).

Imports In 2022, Sweden imported $208M in Combustion Engines, becoming the 35th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 177th most imported product in Sweden. Sweden imports Combustion Engines primarily from: Germany ($71.8M), France ($58.5M), United Kingdom ($26.2M), Belgium ($13.7M), and Finland ($10.3M).

The fastest growing import markets in Combustion Engines for Sweden between 2021 and 2022 were United States ($1.74M), Denmark ($930k), and Lithuania ($649k).

COMPANIES In 2023, leading companies such as Volvo (3) were at the forefront of shipping Combustion Engines from Sweden to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Sweden's Combustion Engines exports accounted up to SEK1.39B and imports accounted up to SEK136M, resulting in a positive trade balance of SEK1.25B. Between July 2023 and July 2024 the exports of Sweden's   Combustion Engines have decreased by SEK-189M (-12%) from SEK1.58B to SEK1.39B, while imports decreased by SEK-22.5M (-14.1%) from SEK159M to SEK136M.

Destinations In July 2024, Combustion Engines were exported mostly to Belgium (SEK265M), France (SEK247M), Netherlands (SEK179M), United States (SEK125M), and Italy (SEK83.4M), and were imported mostly from Germany (SEK31.7M), France (SEK28.3M), United Kingdom (SEK19.6M), Belgium (SEK19.4M), and Finland (SEK10.5M).

Growth In July 2024, the decrease in Combustion Engines's year-by-year exports was explained primarily by a decrease in exports to Australia (SEK-24.7M or -46.5%), United States (SEK-5.25M or -6.9%), and Lithuania (SEK-4.76M or -72%). In July 2024, the decrease in Combustion Engines's year-by-year imports was explained primarily by a decrease in imports from France (SEK-12.2M or -19.4%), Denmark (SEK-6.57M or -50.6%), and Norway (SEK-4.52M or -73.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)SEK-189M(-12%)
IMPORT GROWTH (July 2023 - July 2024)SEK-22.5M(-14.1%)
MAIN EXPORTER (July 2024)undefined3.09B
MAIN DESTINATION (July 2024)BelgiumSEK265M

This section shows Combustion Engines'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 Combustion Engines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.46B
IMPORTS (2022)$208M
NET TRADE (2022)$2.25B

In 2022, Sweden exported $2.46B in Combustion Engines. The main destinations of Sweden exports on Combustion Engines were Belgium ($659M), France ($543M), Netherlands ($444M), Italy ($98.1M), and United States ($90.4M).

In 2022, Sweden imported $208M in Combustion Engines, mainly from Germany ($71.8M), France ($58.5M), United Kingdom ($26.2M), Belgium ($13.7M), and Finland ($10.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Combustion Engines EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Belgium$24.9M (3.93%)
Italy$19.6M (25%)
France$15.6M (2.96%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Combustion Engines BY Sweden WERE (2021 - 2022):
Russia-$55.8M (-82.1%)
China-$41.8M (-33.3%)
Netherlands-$39.7M (-8.21%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Combustion Engines were:
United States $8.39B
Germany $5.58B
Japan $4.24B
In 2022, Sweden's main importing competitors in Combustion Engines were:
United States $5.93B
Mexico $5.75B
Germany $3.93B

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Trade Value of Combustion Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $62.9M
TOP IMPORT POTENTIALUnited Kingdom+ $8.2M

Combustion Engines’s highest export potential is United States. With an export gap of $62.9M.   Combustion Engines’s highest import potential is United Kingdom with an import gap of $8.2M.

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