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2023
Exports $1.76BWorld Rnk 16 / 199
Flag Rnk 22 / 1210
2023
Destination $104M United States
2022 - 2023
FASTEST GROWING MARKET $104MUnited States
2023
PRODUCT COMPLEXITY IN Gas Turbines0.7Rnk 283 / 1025
2023
Imports $664MWorld Rnk 37 / 210
Flag Rnk 48 / 1213
2023
Origin $44.4M United States
2022 - 2023
FASTEST GROWING ORIGIN $44.4MUnited States
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $1.76B in Gas Turbines, making it the 16th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 22nd most exported product in Sweden. The main destination of Gas Turbines exports from Sweden are: United States ($511M), Thailand ($261M), United Kingdom ($105M), Germany ($99.1M), and Bulgaria ($64.8M).

The fastest growing export markets for Gas Turbines of Sweden between 2022 and 2023 were United States ($104M), Ukraine ($56.7M), and United Kingdom ($49.9M).

Imports In 2023, Sweden imported $664M in Gas Turbines, becoming the 37th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 48th most imported product in Sweden. Sweden imports Gas Turbines primarily from: United States ($227M), Germany ($109M), United Kingdom ($75.8M), France ($68.4M), and Italy ($35.5M).

The fastest growing import markets in Gas Turbines for Sweden between 2022 and 2023 were United States ($44.4M), Germany ($36M), and Hungary ($11.1M).

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Gas Turbines exports accounted up to SEK1.44B and imports accounted up to SEK704M, resulting in a positive trade balance of SEK739M. Between October 2023 and October 2024 the exports of Sweden's   Gas Turbines have decreased by SEK-583M (-28.8%) from SEK2.03B to SEK1.44B, while imports decreased by SEK-125M (-15%) from SEK829M to SEK704M.

Destinations In October 2024, Gas Turbines were exported mostly to United States (SEK823M), United Kingdom (SEK175M), Argentina (SEK73M), Singapore (SEK65.5M), and Norway (SEK58.2M), and were imported mostly from United States (SEK318M), United Kingdom (SEK71.9M), Germany (SEK45.6M), Pakistan (SEK38.9M), and Norway (SEK38.5M).

Growth In October 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 October 2024, the decrease in Gas Turbines's year-by-year imports was explained primarily by a decrease in imports from Poland (SEK-27.4M or -97.5%), Lithuania (SEK-10.6M or -93.1%), and Czechia (SEK-4.09M or -53.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-583M(-28.8%)
IMPORT GROWTH (October 2023 - October 2024)SEK-125M(-15%)
MAIN EXPORTER (October 2024)undefined3.13B
MAIN DESTINATION (October 2024)United StatesSEK823M

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 (2023)$1.76B
IMPORTS (2023)$664M
NET TRADE (2023)$1.09B

In 2023, Sweden exported $1.76B in Gas Turbines. The main destinations of Sweden exports on Gas Turbines were United States ($511M), Thailand ($261M), United Kingdom ($105M), Germany ($99.1M), and Bulgaria ($64.8M).

In 2023, Sweden imported $664M in Gas Turbines, mainly from United States ($227M), Germany ($109M), United Kingdom ($75.8M), France ($68.4M), and Italy ($35.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
United States$104M (25.6%)
Ukraine$56.7M (3.64k%)
United Kingdom$49.9M (90%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Sweden WERE (2022 - 2023):
Poland-$33.2M (-97.7%)
Italy-$30.2M (-37.7%)
Romania-$23.7M (-92%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Gas Turbines were:
United States $69.3B
United Kingdom $29.1B
France $19.2B
In 2023, Sweden's main importing competitors in Gas Turbines were:
United States $29.8B
Hong Kong $16.5B
Germany $14.4B

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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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