Locomotive Parts in Sweden | The Observatory of Economic Complexity

About

Exports In 2022, Sweden exported $171M in Locomotive Parts, making it the 17th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 189th most exported product in Sweden. The main destination of Locomotive Parts exports from Sweden are: France ($29.3M), Egypt ($22.8M), Norway ($19.1M), United Kingdom ($13.5M), and China ($11M).

The fastest growing export markets for Locomotive Parts of Sweden between 2021 and 2022 were Egypt ($22.1M), Austria ($3.9M), and New Zealand ($1.87M).

Imports In 2022, Sweden imported $109M in Locomotive Parts, becoming the 24th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 306th most imported product in Sweden. Sweden imports Locomotive Parts primarily from: Germany ($25.1M), Italy ($14.3M), Norway ($11.8M), Poland ($11.4M), and Switzerland ($8.16M).

The fastest growing import markets in Locomotive Parts for Sweden between 2021 and 2022 were Switzerland ($2.38M), Italy ($2.38M), and Ireland ($1.51M).

COMPANIES In 2023, leading companies such as VOLVO CONSTRUCTION EQUIPMENT NORTH (340) were at the forefront of shipping Locomotive Parts from Sweden to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Sweden's Locomotive Parts exports accounted up to SEK81M and imports accounted up to SEK158M, resulting in a negative trade balance of SEK77.1M. Between December 2022 and December 2023 the exports of Sweden's Locomotive Parts have decreased by SEK-12.3M (-13.2%) from SEK93.2M to SEK81M, while imports increased by SEK48.1M (43.8%) from SEK110M to SEK158M.

Destinations In December 2023, Locomotive Parts were exported mostly to Norway (SEK14.8M), Denmark (SEK9.03M), France (SEK8.58M), Germany (SEK8.21M), and Poland (SEK4.76M), and were imported mostly from Germany (SEK52.5M), Norway (SEK20.5M), France (SEK16.2M), Poland (SEK13.6M), and Italy (SEK12.7M).

Growth In December 2023, the decrease in Locomotive Parts's year-by-year exports was explained primarily by a decrease in exports to Belgium (SEK-4.68M or -97%), Switzerland (SEK-4.62M or -66.7%), and United Kingdom (SEK-2.6M or -22.8%). In December 2023, the increase in Locomotive Parts's year-by-year imports was explained primarily by an increase in imports from Norway (SEK6.15M or 32.5%), Finland (SEK4.5M or 521%), and France (SEK2.48M or 110%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)SEK-12.3M(-13.2%)

IMPORT GROWTH (December 2022 - December 2023)SEK48.1M(43.8%)

MAIN EXPORTER (December 2023)

MAIN DESTINATION (December 2023)NorwaySEK14.8M

This section shows Locomotive 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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$171M

IMPORTS (2022)$109M

NET TRADE (2022)$61.7M

In 2022, Sweden exported $171M in Locomotive Parts. The main destinations of Sweden exports on Locomotive Parts were France ($29.3M), Egypt ($22.8M), Norway ($19.1M), United Kingdom ($13.5M), and China ($11M).

In 2022, Sweden imported $109M in Locomotive Parts, mainly from Germany ($25.1M), Italy ($14.3M), Norway ($11.8M), Poland ($11.4M), and Switzerland ($8.16M).

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