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2022
Exports $26.8MWorld Rnk 25 / 158
Flag Rnk 485 / 1212
2022
Destination $1.7M United States
2021 - 2022
FASTEST GROWING MARKET $1.7MUnited States
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2022
Imports $29.2MWorld Rnk 43 / 213
Flag Rnk 594 / 1213
2022
Origin $1.73M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.73MCzechia
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $26.8M in Industrial Furnaces, making it the 25th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 485th most exported product in Sweden. The main destination of Industrial Furnaces exports from Sweden are: United States ($9.55M), Norway ($1.69M), Czechia ($1.52M), Japan ($1.34M), and Poland ($1.27M).

The fastest growing export markets for Industrial Furnaces of Sweden between 2021 and 2022 were United States ($1.7M), Saudi Arabia ($1M), and Norway ($571k).

Imports In 2022, Sweden imported $29.2M in Industrial Furnaces, becoming the 43rd largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 594th most imported product in Sweden. Sweden imports Industrial Furnaces primarily from: Germany ($4.72M), United Kingdom ($4.48M), Italy ($2.64M), Denmark ($2.01M), and Austria ($2M).

The fastest growing import markets in Industrial Furnaces for Sweden between 2021 and 2022 were Czechia ($1.73M), United Kingdom ($1.01M), and Norway ($547k).

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Industrial Furnaces exports accounted up to SEK19.5M and imports accounted up to SEK70.2M, resulting in a negative trade balance of SEK50.8M. Between May 2023 and May 2024 the exports of Sweden's   Industrial Furnaces have increased by SEK6.08M (45.4%) from SEK13.4M to SEK19.5M, while imports increased by SEK40.8M (138%) from SEK29.4M to SEK70.2M.

Destinations In May 2024, Industrial Furnaces were exported mostly to United States (SEK4.43M), Australia (SEK3.49M), Japan (SEK2.34M), Czechia (SEK1.56M), and Singapore (SEK1.35M), and were imported mostly from Germany (SEK43.8M), Denmark (SEK11.4M), Japan (SEK3.24M), Italy (SEK2.99M), and Estonia (SEK1.78M).

Growth In May 2024, the increase in Industrial Furnaces's year-by-year exports was explained primarily by an increase in exports to United States (SEK5.03M or 163%), Israel (SEK1.17M or 58.6k%), and Czechia (SEK976k or 86.7%). In May 2024, the increase in Industrial Furnaces's year-by-year imports was explained primarily by an increase in imports from United Kingdom (SEK1.2M or 903%), China (SEK516k or 1.17k%), and Netherlands (SEK430k or 238%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK6.08M(45.4%)
IMPORT GROWTH (May 2023 - May 2024)SEK40.8M(138%)
MAIN EXPORTER (May 2024)undefined19.5M
MAIN DESTINATION (May 2024)United StatesSEK4.43M

This section shows Industrial Furnaces'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 Industrial Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.8M
IMPORTS (2022)$29.2M
NET TRADE (2022)-$2.39M

In 2022, Sweden exported $26.8M in Industrial Furnaces. The main destinations of Sweden exports on Industrial Furnaces were United States ($9.55M), Norway ($1.69M), Czechia ($1.52M), Japan ($1.34M), and Poland ($1.27M).

In 2022, Sweden imported $29.2M in Industrial Furnaces, mainly from Germany ($4.72M), United Kingdom ($4.48M), Italy ($2.64M), Denmark ($2.01M), and Austria ($2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
United States$1.7M (21.6%)
Saudi Arabia$1M (883%)
Norway$571k (51%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Sweden WERE (2021 - 2022):
Germany-$1.03M (-96.7%)
South Africa-$920k (-82.8%)
Iran-$890k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
Germany $576M
In 2022, Sweden's main importing competitors in Industrial Furnaces were:
Indonesia $474M
United States $382M
India $229M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $628k
TOP IMPORT POTENTIALChina+ $1.46M

Industrial Furnaces’s highest export potential is China. With an export gap of $628k.   Industrial Furnaces’s highest import potential is China with an import gap of $1.46M.

See methodology.

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