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2022
Exports $118MWorld Rnk 12 / 159
Flag Rnk 243 / 1212
2022
Destination $29.6M China
2021 - 2022
FASTEST GROWING MARKET $29.6MChina
2022
PRODUCT COMPLEXITY IN Electric Furnaces1.31Rnk 93 / 1025
2022
Imports $52.8MWorld Rnk 29 / 209
Flag Rnk 450 / 1213
2022
Origin $6.18M Italy
2021 - 2022
FASTEST GROWING ORIGIN $6.18MAustria
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $118M in Electric Furnaces, making it the 12th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 243rd most exported product in Sweden. The main destination of Electric Furnaces exports from Sweden are: China ($38.6M), United States ($17M), Australia ($6.21M), Japan ($4.79M), and India ($4.11M).

The fastest growing export markets for Electric Furnaces of Sweden between 2021 and 2022 were China ($29.6M), Australia ($5.48M), and South Africa ($2.33M).

Imports In 2022, Sweden imported $52.8M in Electric Furnaces, becoming the 29th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 450th most imported product in Sweden. Sweden imports Electric Furnaces primarily from: Italy ($12.5M), Germany ($9.49M), Austria ($7.64M), China ($3.06M), and Norway ($2.99M).

The fastest growing import markets in Electric Furnaces for Sweden between 2021 and 2022 were Austria ($6.18M), Italy ($3.34M), and Thailand ($1.44M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (3) and Volvo (2) were at the forefront of shipping Electric Furnaces from Sweden to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Sweden's Electric Furnaces exports accounted up to SEK21.6M and imports accounted up to SEK22.2M, resulting in a negative trade balance of SEK640k. Between June 2023 and June 2024 the exports of Sweden's   Electric Furnaces have decreased by SEK-66.9M (-75.6%) from SEK88.4M to SEK21.6M, while imports increased by SEK1.41M (6.77%) from SEK20.8M to SEK22.2M.

Destinations In June 2024, Electric Furnaces were exported mostly to United States (SEK7.13M), Germany (SEK3.13M), China (SEK1.24M), Malaysia (SEK1.11M), and France (SEK934k), and were imported mostly from Norway (SEK11.4M), Germany (SEK5.01M), Italy (SEK1.47M), Austria (SEK1.34M), and United Kingdom (SEK792k).

Growth In June 2024, the decrease in Electric Furnaces's year-by-year exports was explained primarily by a decrease in exports to China (SEK-4.58M or -92.7%), Norway (SEK-1.43M or -58.1%), and Germany (SEK-757k or -66.8%). In June 2024, the increase in Electric Furnaces's year-by-year imports was explained primarily by an increase in imports from Turkey (SEK4.59M or 229k%), Germany (SEK2.44M or 152%), and Belgium (SEK207k or 51.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)SEK-66.9M(-75.6%)
IMPORT GROWTH (June 2023 - June 2024)SEK1.41M(6.77%)
MAIN EXPORTER (June 2024)undefined90.9M
MAIN DESTINATION (June 2024)United StatesSEK7.13M

This section shows Electric Furnaces'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 Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$118M
IMPORTS (2022)$52.8M
NET TRADE (2022)$65M

In 2022, Sweden exported $118M in Electric Furnaces. The main destinations of Sweden exports on Electric Furnaces were China ($38.6M), United States ($17M), Australia ($6.21M), Japan ($4.79M), and India ($4.11M).

In 2022, Sweden imported $52.8M in Electric Furnaces, mainly from Italy ($12.5M), Germany ($9.49M), Austria ($7.64M), China ($3.06M), and Norway ($2.99M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
China$29.6M (326%)
Australia$5.48M (751%)
South Africa$2.33M (2.63k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Sweden WERE (2021 - 2022):
United States-$29.4M (-63.4%)
Japan-$8.11M (-62.9%)
Germany-$4.09M (-61.7%)
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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 Furnaces were:
China $1.22B
Germany $882M
Italy $722M
In 2022, Sweden's main importing competitors in Electric Furnaces were:
China $759M
United States $660M
Indonesia $306M

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.29M
TOP IMPORT POTENTIALChina+ $2.14M

Electric Furnaces’s highest export potential is United States. With an export gap of $3.29M.   Electric Furnaces’s highest import potential is China with an import gap of $2.14M.

See methodology.

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