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2022
Exports $538MWorld Rnk 23 / 223
Flag Rnk 70 / 1212
2022
Destination $4.24M United States
2021 - 2022
FASTEST GROWING MARKET $4.24MNetherlands
2022
PRODUCT COMPLEXITY IN Engine Parts0.92Rnk 203 / 1025
2022
Imports $1.01BWorld Rnk 21 / 224
Flag Rnk 28 / 1213
2022
Origin $13.6M Germany
2021 - 2022
FASTEST GROWING ORIGIN $13.6MSerbia
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $538M in Engine Parts, making it the 23rd largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 70th most exported product in Sweden. The main destination of Engine Parts exports from Sweden are: United States ($119M), France ($55.3M), Brazil ($50.1M), Germany ($38.9M), and Italy ($37.1M).

The fastest growing export markets for Engine Parts of Sweden between 2021 and 2022 were Netherlands ($4.24M), United States ($4.09M), and Germany ($4.06M).

Imports In 2022, Sweden imported $1.01B in Engine Parts, becoming the 21st largest importer of Engine Parts in the world. At the same year, Engine Parts was the 28th most imported product in Sweden. Sweden imports Engine Parts primarily from: Germany ($272M), United Kingdom ($126M), China ($69.3M), Netherlands ($60.8M), and Italy ($59.3M).

The fastest growing import markets in Engine Parts for Sweden between 2021 and 2022 were Serbia ($13.6M), Denmark ($9.53M), and United States ($6.67M).

COMPANIES In 2023, leading companies such as Volvo (21) were at the forefront of shipping Engine Parts from Sweden to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Sweden's Engine Parts exports accounted up to SEK389M and imports accounted up to SEK652M, resulting in a negative trade balance of SEK263M. Between July 2023 and July 2024 the exports of Sweden's   Engine Parts have increased by SEK72.5M (22.9%) from SEK317M to SEK389M, while imports decreased by SEK-194M (-22.9%) from SEK846M to SEK652M.

Destinations In July 2024, Engine Parts were exported mostly to United States (SEK99.8M), Brazil (SEK51.4M), Japan (SEK30.4M), Belgium (SEK20.5M), and United Kingdom (SEK18.4M), and were imported mostly from Germany (SEK197M), Netherlands (SEK68.1M), United Kingdom (SEK62.7M), Poland (SEK35.2M), and Italy (SEK34.7M).

Growth In July 2024, the increase in Engine Parts's year-by-year exports was explained primarily by an increase in exports to Netherlands (SEK19.3M or 383%), Germany (SEK12.9M or 48.2%), and Japan (SEK5.46M or 30.2%). In July 2024, the decrease in Engine Parts's year-by-year imports was explained primarily by a decrease in imports from China (SEK-15.6M or -22.5%), Czechia (SEK-11.5M or -38.4%), and Brazil (SEK-7.71M or -14.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)SEK72.5M(22.9%)
IMPORT GROWTH (July 2023 - July 2024)SEK-194M(-22.9%)
MAIN EXPORTER (July 2024)undefined536M
MAIN DESTINATION (July 2024)United StatesSEK99.8M

This section shows Engine 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 Engine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$538M
IMPORTS (2022)$1.01B
NET TRADE (2022)-$474M

In 2022, Sweden exported $538M in Engine Parts. The main destinations of Sweden exports on Engine Parts were United States ($119M), France ($55.3M), Brazil ($50.1M), Germany ($38.9M), and Italy ($37.1M).

In 2022, Sweden imported $1.01B in Engine Parts, mainly from Germany ($272M), United Kingdom ($126M), China ($69.3M), Netherlands ($60.8M), and Italy ($59.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Netherlands$4.24M (44.7%)
United States$4.09M (3.55%)
Germany$4.06M (11.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY Sweden WERE (2021 - 2022):
Italy-$16.2M (-30.4%)
Belgium-$8.51M (-24.7%)
Denmark-$5.2M (-25.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Engine Parts were:
Germany $13B
China $7.96B
Japan $6.08B
In 2022, Sweden's main importing competitors in Engine Parts were:
United States $13.5B
Germany $5.9B
Mexico $3.67B

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Trade Value of Engine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $45.2M
TOP IMPORT POTENTIALChina+ $36.4M

Engine Parts’s highest export potential is United States. With an export gap of $45.2M.   Engine Parts’s highest import potential is China with an import gap of $36.4M.

See methodology.

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