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2023
Exports $177MWorld Rnk 29 / 188
Flag Rnk 181 / 1210
2023
Destination $45M Denmark
2022 - 2023
FASTEST GROWING MARKET $45MArgentina
2023
PRODUCT COMPLEXITY IN Electric Motor Parts0.72Rnk 276 / 1025
2023
Imports $387MWorld Rnk 17 / 219
Flag Rnk 98 / 1213
2023
Origin $160M Germany
2022 - 2023
FASTEST GROWING ORIGIN $160MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $177M in Electric Motor Parts, making it the 29th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 181st most exported product in Sweden. The main destination of Electric Motor Parts exports from Sweden are: Denmark ($47.5M), Argentina ($47.2M), Germany ($33.9M), United States ($8.11M), and Mexico ($6.23M).

The fastest growing export markets for Electric Motor Parts of Sweden between 2022 and 2023 were Argentina ($45M), United Kingdom ($1.88M), and Brazil ($509k).

Imports In 2023, Sweden imported $387M in Electric Motor Parts, becoming the 17th largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 98th most imported product in Sweden. Sweden imports Electric Motor Parts primarily from: Germany ($232M), Poland ($40.4M), Italy ($19.3M), India ($12.4M), and China ($12M).

The fastest growing import markets in Electric Motor Parts for Sweden between 2022 and 2023 were Germany ($160M), Poland ($34.7M), and Belgium ($4.94M).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Electric Motor Parts exports accounted up to SEK111M and imports accounted up to SEK195M, resulting in a negative trade balance of SEK83.7M. Between November 2023 and November 2024 the exports of Sweden's   Electric Motor Parts have increased by SEK46.7M (72.8%) from SEK64.2M to SEK111M, while imports increased by SEK69.5M (55.5%) from SEK125M to SEK195M.

Destinations In November 2024, Electric Motor Parts were exported mostly to Denmark (SEK40.8M), Pakistan (SEK27.5M), Malaysia (SEK8.14M), Japan (SEK5.72M), and United States (SEK5.49M), and were imported mostly from Germany (SEK55M), Italy (SEK24.7M), China (SEK19.5M), Estonia (SEK14.4M), and France (SEK12.8M).

Growth In November 2024, the increase in Electric Motor Parts's year-by-year exports was explained primarily by an increase in exports to Denmark (SEK26.8M or 70.2%), United States (SEK9.95M or 173%), and Serbia (SEK5.64M or 37.6k%). In November 2024, the increase in Electric Motor Parts's year-by-year imports was explained primarily by an increase in imports from China (SEK14.7M or 317%), Germany (SEK4.57M or 27.5%), and Slovenia (SEK3.25M or 395%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK46.7M(72.8%)
IMPORT GROWTH (November 2023 - November 2024)SEK69.5M(55.5%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)DenmarkSEK40.8M

This section shows Electric Motor Parts'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 Motor Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$177M
IMPORTS (2023)$387M
NET TRADE (2023)-$210M

In 2023, Sweden exported $177M in Electric Motor Parts. The main destinations of Sweden exports on Electric Motor Parts were Denmark ($47.5M), Argentina ($47.2M), Germany ($33.9M), United States ($8.11M), and Mexico ($6.23M).

In 2023, Sweden imported $387M in Electric Motor Parts, mainly from Germany ($232M), Poland ($40.4M), Italy ($19.3M), India ($12.4M), and China ($12M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Argentina$45M (2.06k%)
United Kingdom$1.88M (53.3%)
Brazil$509k (198%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY Sweden WERE (2022 - 2023):
United States-$40.3M (-83.3%)
Japan-$15M (-99.2%)
Germany-$6.06M (-15.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Electric Motor Parts were:
China $6.05B
Germany $2.67B
Japan $1.75B
In 2023, Sweden's main importing competitors in Electric Motor Parts were:
Germany $4.04B
United States $3.28B
France $1.37B

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Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $11M
TOP IMPORT POTENTIALChina+ $13.7M

Electric Motor Parts’s highest export potential is Germany. With an export gap of $11M.   Electric Motor Parts’s highest import potential is China with an import gap of $13.7M.

See methodology.

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