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2023
Exports $30.6MWorld Rnk 32 / 187
Flag Rnk 427 / 1210
2023
Destination $1.81M Belgium
2022 - 2023
FASTEST GROWING MARKET $1.81MBelgium
2023
PRODUCT COMPLEXITY IN Electromagnets1.1Rnk 144 / 1025
2023
Imports $68.6MWorld Rnk 33 / 216
Flag Rnk 384 / 1213
2023
Origin $1.68M Germany
2022 - 2023
FASTEST GROWING ORIGIN $1.68MCzechia
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $30.6M in Electromagnets, making it the 32nd largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 427th most exported product in Sweden. The main destination of Electromagnets exports from Sweden are: Belgium ($5.09M), Germany ($2.77M), Czechia ($2.58M), Netherlands ($2.43M), and Norway ($2.34M).

The fastest growing export markets for Electromagnets of Sweden between 2022 and 2023 were Belgium ($1.81M), Germany ($1.43M), and Netherlands ($1.07M).

Imports In 2023, Sweden imported $68.6M in Electromagnets, becoming the 33rd largest importer of Electromagnets in the world. At the same year, Electromagnets was the 384th most imported product in Sweden. Sweden imports Electromagnets primarily from: Germany ($19.4M), China ($19.1M), United Kingdom ($5.36M), Latvia ($3.28M), and Finland ($2.48M).

The fastest growing import markets in Electromagnets for Sweden between 2022 and 2023 were Czechia ($1.68M), United Kingdom ($1.06M), and Latvia ($899k).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Electromagnets exports accounted up to SEK34.8M and imports accounted up to SEK51.9M, resulting in a negative trade balance of SEK17.1M. Between November 2023 and November 2024 the exports of Sweden's   Electromagnets have decreased by SEK-8.83M (-20.3%) from SEK43.6M to SEK34.8M, while imports decreased by SEK-2.5M (-4.6%) from SEK54.4M to SEK51.9M.

Destinations In November 2024, Electromagnets were exported mostly to Germany (SEK6.96M), United States (SEK6.1M), Norway (SEK5.65M), Belgium (SEK2.18M), and Poland (SEK1.66M), and were imported mostly from China (SEK12.6M), Germany (SEK8.87M), Czechia (SEK7.49M), United Kingdom (SEK6.13M), and India (SEK3.07M).

Growth In November 2024, the decrease in Electromagnets's year-by-year exports was explained primarily by a decrease in exports to Czechia (SEK-1.05M or -97.9%), United States (SEK-863k or -15.4%), and Poland (SEK-697k or -39.4%). In November 2024, the decrease in Electromagnets's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (SEK-1.71M or -69.9%), Finland (SEK-1.68M or -46.4%), and Denmark (SEK-766k or -38.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK-8.83M(-20.3%)
IMPORT GROWTH (November 2023 - November 2024)SEK-2.5M(-4.6%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)GermanySEK6.96M

This section shows Electromagnets'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 Electromagnets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$30.6M
IMPORTS (2023)$68.6M
NET TRADE (2023)-$38M

In 2023, Sweden exported $30.6M in Electromagnets. The main destinations of Sweden exports on Electromagnets were Belgium ($5.09M), Germany ($2.77M), Czechia ($2.58M), Netherlands ($2.43M), and Norway ($2.34M).

In 2023, Sweden imported $68.6M in Electromagnets, mainly from Germany ($19.4M), China ($19.1M), United Kingdom ($5.36M), Latvia ($3.28M), and Finland ($2.48M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Belgium$1.81M (55.4%)
Germany$1.43M (106%)
Netherlands$1.07M (78.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Sweden WERE (2022 - 2023):
Italy-$568k (-51.7%)
Norway-$362k (-13.4%)
India-$308k (-24.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Electromagnets were:
China $5.34B
Germany $1.17B
Japan $974M
In 2023, Sweden's main importing competitors in Electromagnets were:
Germany $1.39B
United States $1.33B
Japan $1.01B

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.28M
TOP IMPORT POTENTIALChina+ $7.23M

Electromagnets’s highest export potential is United States. With an export gap of $2.28M.   Electromagnets’s highest import potential is China with an import gap of $7.23M.

See methodology.

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