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2022
Exports $1.48BWorld Rnk 17 / 192
Flag Rnk 24 / 1212
2022
Destination $76.8M United States
2021 - 2022
FASTEST GROWING MARKET $76.8MUnited States
2022
PRODUCT COMPLEXITY IN Gas Turbines0.71Rnk 270 / 1025
2022
Imports $556MWorld Rnk 35 / 207
Flag Rnk 67 / 1213
2022
Origin $22.9M United States
2021 - 2022
FASTEST GROWING ORIGIN $22.9MBulgaria
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $1.48B in Gas Turbines, making it the 17th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 24th most exported product in Sweden. The main destination of Gas Turbines exports from Sweden are: United States ($449M), Thailand ($180M), United Kingdom ($94.1M), Germany ($80.5M), and Italy ($65.2M).

The fastest growing export markets for Gas Turbines of Sweden between 2021 and 2022 were United States ($76.8M), Italy ($36.7M), and Argentina ($29.7M).

Imports In 2022, Sweden imported $556M in Gas Turbines, becoming the 35th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 67th most imported product in Sweden. Sweden imports Gas Turbines primarily from: United States ($148M), United Kingdom ($109M), France ($43.8M), Italy ($38.4M), and Germany ($34.6M).

The fastest growing import markets in Gas Turbines for Sweden between 2021 and 2022 were Bulgaria ($22.9M), United States ($21.1M), and Norway ($16.6M).

Latest Trends

July 2024

About

Overview In July 2024 Sweden's Gas Turbines exports accounted up to SEK875M and imports accounted up to SEK568M, resulting in a positive trade balance of SEK307M. Between July 2023 and July 2024 the exports of Sweden's   Gas Turbines have decreased by SEK-690M (-44.1%) from SEK1.57B to SEK875M, while imports increased by SEK239M (72.5%) from SEK329M to SEK568M.

Destinations In July 2024, Gas Turbines were exported mostly to United States (SEK303M), Switzerland (SEK124M), Singapore (SEK109M), Argentina (SEK66.7M), and Thailand (SEK65.5M), and were imported mostly from United States (SEK231M), Germany (SEK103M), United Kingdom (SEK63.6M), Hungary (SEK36.8M), and France (SEK25M).

Growth In July 2024, the decrease in Gas Turbines's year-by-year exports was explained primarily by a decrease in exports to Germany (SEK-181M or -98%), Thailand (SEK-37.1M or -36.8%), and United Kingdom (SEK-22M or -44.9%). In July 2024, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from United States (SEK39.3M or 31.6%), Germany (SEK38.3M or 47.5%), and Norway (SEK37.9M or 1.71k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)SEK-690M(-44.1%)
IMPORT GROWTH (July 2023 - July 2024)SEK239M(72.5%)
MAIN EXPORTER (July 2024)undefined3.13B
MAIN DESTINATION (July 2024)United StatesSEK303M

This section shows Gas Turbines'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 Gas Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.48B
IMPORTS (2022)$556M
NET TRADE (2022)$920M

In 2022, Sweden exported $1.48B in Gas Turbines. The main destinations of Sweden exports on Gas Turbines were United States ($449M), Thailand ($180M), United Kingdom ($94.1M), Germany ($80.5M), and Italy ($65.2M).

In 2022, Sweden imported $556M in Gas Turbines, mainly from United States ($148M), United Kingdom ($109M), France ($43.8M), Italy ($38.4M), and Germany ($34.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
United States$76.8M (20.7%)
Italy$36.7M (129%)
Argentina$29.7M (32.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Sweden WERE (2021 - 2022):
Thailand-$60.8M (-25.3%)
Netherlands-$48.2M (-93.1%)
Slovenia-$33.6M (-99.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Gas Turbines were:
United States $32.5B
United Kingdom $29.2B
France $13.6B
In 2022, Sweden's main importing competitors in Gas Turbines were:
United States $26.2B
United Kingdom $11.5B
China $9.91B

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $67.6M
TOP IMPORT POTENTIALUnited Kingdom+ $35.1M

Gas Turbines’s highest export potential is United States. With an export gap of $67.6M.   Gas Turbines’s highest import potential is United Kingdom with an import gap of $35.1M.

See methodology.

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