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2023
Exports $199MWorld Rnk 15 / 151
Flag Rnk 162 / 1210
2023
Destination $7.39M France
2022 - 2023
FASTEST GROWING MARKET $7.39MDenmark
2023
PRODUCT COMPLEXITY IN Locomotive Parts0.82Rnk 247 / 1025
2023
Imports $159MWorld Rnk 23 / 199
Flag Rnk 212 / 1213
2023
Origin $19.8M Germany
2022 - 2023
FASTEST GROWING ORIGIN $19.8MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $199M in Locomotive Parts, making it the 15th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 162nd most exported product in Sweden. The main destination of Locomotive Parts exports from Sweden are: France ($48.2M), Denmark ($21.9M), Germany ($21.8M), Norway ($17.2M), and Spain ($15.5M).

The fastest growing export markets for Locomotive Parts of Sweden between 2022 and 2023 were Denmark ($7.39M), Germany ($6.34M), and Italy ($2.95M).

Imports In 2023, Sweden imported $159M in Locomotive Parts, becoming the 23rd largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 212th most imported product in Sweden. Sweden imports Locomotive Parts primarily from: Germany ($60.3M), Norway ($15.5M), Italy ($11.8M), France ($10M), and Poland ($8.8M).

The fastest growing import markets in Locomotive Parts for Sweden between 2022 and 2023 were Germany ($19.8M), Poland ($4.12M), and Czechia ($3.61M).

COMPANIES In 2023, leading companies such as Volvo (189) and IKEA Group (1) were at the forefront of shipping Locomotive Parts from Sweden to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Locomotive Parts exports accounted up to SEK131M and imports accounted up to SEK169M, resulting in a negative trade balance of SEK38.3M. Between October 2023 and October 2024 the exports of Sweden's   Locomotive Parts have increased by SEK40.2M (44.2%) from SEK91M to SEK131M, while imports increased by SEK3.56M (2.14%) from SEK166M to SEK169M.

Destinations In October 2024, Locomotive Parts were exported mostly to Norway (SEK34M), France (SEK15.7M), Germany (SEK13M), South Korea (SEK9.19M), and United States (SEK7.52M), and were imported mostly from Germany (SEK42.4M), Norway (SEK31.1M), Italy (SEK28.2M), Poland (SEK21.2M), and Denmark (SEK10.5M).

Growth In October 2024, the increase in Locomotive Parts's year-by-year exports was explained primarily by an increase in exports to Norway (SEK15.4M or 143%), France (SEK6.73M or 136%), and Spain (SEK3.54M or 155%). In October 2024, 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
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK40.2M(44.2%)
IMPORT GROWTH (October 2023 - October 2024)SEK3.56M(2.14%)
MAIN EXPORTER (October 2024)undefined131M
MAIN DESTINATION (October 2024)NorwaySEK34M

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
EXPORTS (2023)$199M
IMPORTS (2023)$159M
NET TRADE (2023)$39.8M

In 2023, Sweden exported $199M in Locomotive Parts. The main destinations of Sweden exports on Locomotive Parts were France ($48.2M), Denmark ($21.9M), Germany ($21.8M), Norway ($17.2M), and Spain ($15.5M).

In 2023, Sweden imported $159M in Locomotive Parts, mainly from Germany ($60.3M), Norway ($15.5M), Italy ($11.8M), France ($10M), and Poland ($8.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Denmark$7.39M (50.9%)
Germany$6.34M (41%)
Italy$2.95M (72.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Sweden WERE (2022 - 2023):
Egypt-$22M (-99.2%)
France-$10.2M (-17.5%)
United Kingdom-$5.32M (-39.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Locomotive Parts were:
China $2.09B
Germany $1.94B
United States $1.67B
In 2023, Sweden's main importing competitors in Locomotive Parts were:
Germany $1.55B
Mexico $1.27B
United States $1.04B

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.65M
TOP IMPORT POTENTIALChina+ $3.43M

Locomotive Parts’s highest export potential is Germany. With an export gap of $7.65M.   Locomotive Parts’s highest import potential is China with an import gap of $3.43M.

See methodology.

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