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2023
Exports $29.7MWorld Rnk 26 / 154
Flag Rnk 437 / 1210
2023
Destination $1.91M United States
2022 - 2023
FASTEST GROWING MARKET $1.91MNetherlands
2023
PRODUCT COMPLEXITY IN Industrial Furnaces0.99Rnk 180 / 1025
2023
Imports $41.9MWorld Rnk 36 / 213
Flag Rnk 492 / 1213
2023
Origin $7.45M Belgium
2022 - 2023
FASTEST GROWING ORIGIN $7.45MBelgium
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $29.7M in Industrial Furnaces, making it the 26th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 437th most exported product in Sweden. The main destination of Industrial Furnaces exports from Sweden are: United States ($9.06M), Netherlands ($2.79M), Czechia ($2.27M), Japan ($1.93M), and Spain ($1.87M).

The fastest growing export markets for Industrial Furnaces of Sweden between 2022 and 2023 were Netherlands ($1.91M), Spain ($1.61M), and Italy ($1.44M).

Imports In 2023, Sweden imported $41.9M in Industrial Furnaces, becoming the 36th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 492nd most imported product in Sweden. Sweden imports Industrial Furnaces primarily from: Belgium ($7.62M), Germany ($6.3M), United Kingdom ($5.07M), Denmark ($4.43M), and Czechia ($3.59M).

The fastest growing import markets in Industrial Furnaces for Sweden between 2022 and 2023 were Belgium ($7.45M), Germany ($3.74M), and Czechia ($1.77M).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Industrial Furnaces exports accounted up to SEK20.8M and imports accounted up to SEK46.2M, resulting in a negative trade balance of SEK25.4M. Between November 2023 and November 2024 the exports of Sweden's   Industrial Furnaces have increased by SEK5.42M (35.2%) from SEK15.4M to SEK20.8M, while imports increased by SEK8.31M (21.9%) from SEK37.9M to SEK46.2M.

Destinations In November 2024, Industrial Furnaces were exported mostly to Japan (SEK4.92M), United States (SEK4.86M), Poland (SEK2.31M), India (SEK1.63M), and Czechia (SEK1.51M), and were imported mostly from Finland (SEK11.5M), Denmark (SEK10.2M), United Kingdom (SEK9.27M), Belgium (SEK5.69M), and China (SEK2.77M).

Growth In November 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 November 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 (November 2023 - November 2024)SEK5.42M(35.2%)
IMPORT GROWTH (November 2023 - November 2024)SEK8.31M(21.9%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)JapanSEK4.92M

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 (2023)$29.7M
IMPORTS (2023)$41.9M
NET TRADE (2023)-$12.2M

In 2023, Sweden exported $29.7M in Industrial Furnaces. The main destinations of Sweden exports on Industrial Furnaces were United States ($9.06M), Netherlands ($2.79M), Czechia ($2.27M), Japan ($1.93M), and Spain ($1.87M).

In 2023, Sweden imported $41.9M in Industrial Furnaces, mainly from Belgium ($7.62M), Germany ($6.3M), United Kingdom ($5.07M), Denmark ($4.43M), and Czechia ($3.59M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Netherlands$1.91M (218%)
Spain$1.61M (628%)
Italy$1.44M (889%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Sweden WERE (2022 - 2023):
China-$1.7M (-95.6%)
Saudi Arabia-$1.05M (-74.7%)
Iran-$890k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Industrial Furnaces were:
China $2B
Germany $701M
Italy $631M
In 2023, Sweden's main importing competitors in Industrial Furnaces were:
United States $442M
India $348M
Indonesia $325M

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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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