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2023
Exports $594MWorld Rnk 30 / 226
Flag Rnk 61 / 1210
2023
Destination $14.4M Denmark
2022 - 2023
FASTEST GROWING MARKET $14.4MFinland
2023
PRODUCT COMPLEXITY IN Low-voltage Protection Equipment0.68Rnk 294 / 1025
2023
Imports $959MWorld Rnk 32 / 226
Flag Rnk 29 / 1213
2023
Origin $25.5M Germany
2022 - 2023
FASTEST GROWING ORIGIN $25.5MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $594M in Low-voltage Protection Equipment, making it the 30th largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 61st most exported product in Sweden. The main destination of Low-voltage Protection Equipment exports from Sweden are: Denmark ($80.9M), Finland ($48.5M), United States ($36.5M), Norway ($34.4M), and Germany ($32.2M).

The fastest growing export markets for Low-voltage Protection Equipment of Sweden between 2022 and 2023 were Finland ($14.4M), Saudi Arabia ($10.4M), and Belgium ($7.1M).

Imports In 2018, Sweden imported $959M in Low-voltage Protection Equipment, becoming the 32nd largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 29th most imported product in Sweden. Sweden imports Low-voltage Protection Equipment primarily from: Germany ($258M), France ($158M), China ($67.5M), Netherlands ($51.5M), and Italy ($47.4M).

The fastest growing import markets in Low-voltage Protection Equipment for Sweden between 2022 and 2023 were Germany ($25.5M), Spain ($17.7M), and Finland ($9.24M).

COMPANIES In 2023, leading companies such as Chevron (1) were at the forefront of shipping Low-voltage Protection Equipment from Sweden to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Low-voltage Protection Equipment exports accounted up to SEK614M and imports accounted up to SEK934M, resulting in a negative trade balance of SEK320M. Between November 2023 and November 2024 the exports of Sweden's   Low-voltage Protection Equipment have decreased by SEK-2.08M (-0.34%) from SEK616M to SEK614M, while imports increased by SEK88.3M (10.4%) from SEK846M to SEK934M.

Destinations In November 2024, Low-voltage Protection Equipment were exported mostly to Norway (SEK107M), Finland (SEK67.9M), Denmark (SEK66.3M), United States (SEK44.8M), and Germany (SEK32.1M), and were imported mostly from Germany (SEK255M), France (SEK148M), China (SEK67.3M), United States (SEK56.6M), and Netherlands (SEK46M).

Growth In November 2024, the decrease in Low-voltage Protection Equipment's year-by-year exports was explained primarily by a decrease in exports to Czechia (SEK-3.74M or -61.5%), Croatia (SEK-3.27M or -83.4%), and Thailand (SEK-2.86M or -80.3%). In November 2024, the increase in Low-voltage Protection Equipment's year-by-year imports was explained primarily by an increase in imports from Germany (SEK31.1M or 16.4%), United States (SEK21.7M or 71.5%), and Czechia (SEK15.1M or 95.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK-2.08M(-0.34%)
IMPORT GROWTH (November 2023 - November 2024)SEK88.3M(10.4%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)NorwaySEK107M

This section shows Low-voltage Protection Equipment'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 Low-voltage Protection Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$594M
IMPORTS (2023)$959M
NET TRADE (2023)-$365M

In 2023, Sweden exported $594M in Low-voltage Protection Equipment. The main destinations of Sweden exports on Low-voltage Protection Equipment were Denmark ($80.9M), Finland ($48.5M), United States ($36.5M), Norway ($34.4M), and Germany ($32.2M).

In 2023, Sweden imported $959M in Low-voltage Protection Equipment, mainly from Germany ($258M), France ($158M), China ($67.5M), Netherlands ($51.5M), and Italy ($47.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Low-voltage Protection Equipment EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Finland$14.4M (42.2%)
Saudi Arabia$10.4M (267%)
Belgium$7.1M (52.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Low-voltage Protection Equipment BY Sweden WERE (2022 - 2023):
Netherlands-$6.62M (-27.9%)
Denmark-$5.53M (-6.4%)
Spain-$3.93M (-28.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Low-voltage Protection Equipment were:
China $24.8B
Germany $15.5B
United States $9.69B
In 2023, Sweden's main importing competitors in Low-voltage Protection Equipment were:
United States $13.5B
Germany $9.42B
China $8.39B

Explore Visualizations

Trade Value of Low-voltage Protection Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $33.5M
TOP IMPORT POTENTIALChina+ $61.6M

Low-voltage Protection Equipment’s highest export potential is United States. With an export gap of $33.5M.   Low-voltage Protection Equipment’s highest import potential is China with an import gap of $61.6M.

See methodology.

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