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2022
Exports $450MWorld Rnk 27 / 209
Flag Rnk 88 / 1212
2022
Destination $10.9M Norway
2021 - 2022
FASTEST GROWING MARKET $10.9MKuwait
2022
PRODUCT COMPLEXITY IN Electric Batteries1.02Rnk 164 / 1025
2022
Imports $1.05BWorld Rnk 28 / 225
Flag Rnk 23 / 1213
2022
Origin $181M China
2021 - 2022
FASTEST GROWING ORIGIN $181MChina
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $450M in Electric Batteries, making it the 27th largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 88th most exported product in Sweden. The main destination of Electric Batteries exports from Sweden are: Norway ($60.3M), Denmark ($35.6M), United States ($28.4M), Italy ($27.4M), and Finland ($27.2M).

The fastest growing export markets for Electric Batteries of Sweden between 2021 and 2022 were Kuwait ($10.9M), Canada ($7.14M), and Poland ($6.47M).

Imports In 2022, Sweden imported $1.05B in Electric Batteries, becoming the 28th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 23rd most imported product in Sweden. Sweden imports Electric Batteries primarily from: China ($333M), Germany ($140M), Poland ($123M), Finland ($68M), and Czechia ($66.8M).

The fastest growing import markets in Electric Batteries for Sweden between 2021 and 2022 were China ($181M), Finland ($44.9M), and Czechia ($20.2M).

COMPANIES In 2023, leading companies such as Goodyear Tire and Rubber (3) and Volvo (1) were at the forefront of shipping Electric Batteries from Sweden to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Sweden's Electric Batteries exports accounted up to SEK542M and imports accounted up to SEK2.07B, resulting in a negative trade balance of SEK1.53B. Between June 2023 and June 2024 the exports of Sweden's   Electric Batteries have increased by SEK95.3M (21.4%) from SEK446M to SEK542M, while imports increased by SEK744M (56%) from SEK1.33B to SEK2.07B.

Destinations In June 2024, Electric Batteries were exported mostly to Egypt (SEK79.7M), Norway (SEK62.8M), Italy (SEK34.1M), United States (SEK33.6M), and Denmark (SEK33.4M), and were imported mostly from Finland (SEK686M), China (SEK595M), Germany (SEK191M), Netherlands (SEK164M), and Belgium (SEK96.6M).

Growth In June 2024, the increase in Electric Batteries's year-by-year exports was explained primarily by an increase in exports to Italy (SEK23.2M or 144%), Germany (SEK18M or 196%), and Australia (SEK15.8M or 762%). In June 2024, the increase in Electric Batteries's year-by-year imports was explained primarily by an increase in imports from Belgium (SEK158M or 969%), Germany (SEK53.9M or 52%), and Poland (SEK41M or 68%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)SEK95.3M(21.4%)
IMPORT GROWTH (June 2023 - June 2024)SEK744M(56%)
MAIN EXPORTER (June 2024)undefined615M
MAIN DESTINATION (June 2024)EgyptSEK79.7M

This section shows Electric Batteries'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 Electric Batteries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$450M
IMPORTS (2022)$1.05B
NET TRADE (2022)-$603M

In 2022, Sweden exported $450M in Electric Batteries. The main destinations of Sweden exports on Electric Batteries were Norway ($60.3M), Denmark ($35.6M), United States ($28.4M), Italy ($27.4M), and Finland ($27.2M).

In 2022, Sweden imported $1.05B in Electric Batteries, mainly from China ($333M), Germany ($140M), Poland ($123M), Finland ($68M), and Czechia ($66.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Batteries EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Kuwait$10.9M (581%)
Canada$7.14M (357%)
Poland$6.47M (46.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Batteries BY Sweden WERE (2021 - 2022):
Algeria-$17M (-85%)
United Arab Emirates-$9.52M (-45.2%)
India-$4.51M (-87.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Electric Batteries were:
China $58.7B
South Korea $9.71B
Poland $9.55B
In 2022, Sweden's main importing competitors in Electric Batteries were:
United States $23.2B
Germany $20.3B
South Korea $6.08B

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Trade Value of Electric Batteries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $29.2M
TOP IMPORT POTENTIALChina+ $103M

Electric Batteries’s highest export potential is United States. With an export gap of $29.2M.   Electric Batteries’s highest import potential is China with an import gap of $103M.

See methodology.

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