Machinery Having Individual Functions in Sweden | The Observatory of Economic Complexity

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Exports In 2022, Sweden exported $1.36B in Machinery Having Individual Functions, making it the 19th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 26th most exported product in Sweden. The main destination of Machinery Having Individual Functions exports from Sweden are: United States ($216M), Germany ($142M), China ($139M), Norway ($79.6M), and France ($71M).

The fastest growing export markets for Machinery Having Individual Functions of Sweden between 2021 and 2022 were Germany ($26.9M), United States ($21.1M), and Singapore ($16.1M).

Imports In 2022, Sweden imported $1.07B in Machinery Having Individual Functions, becoming the 32nd largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 22nd most imported product in Sweden. Sweden imports Machinery Having Individual Functions primarily from: Germany ($286M), China ($144M), United States ($87.8M), Finland ($58.3M), and Czechia ($52.7M).

The fastest growing import markets in Machinery Having Individual Functions for Sweden between 2021 and 2022 were Finland ($29.8M), United States ($22.2M), and United Kingdom ($10.7M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (12) and Volvo (1) were at the forefront of shipping Machinery Having Individual Functions from Sweden to the United States.

Latest Trends

July 2024

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Overview In July 2024 Sweden's Machinery Having Individual Functions exports accounted up to SEK1.18B and imports accounted up to SEK713M, resulting in a positive trade balance of SEK466M. Between July 2023 and July 2024 the exports of Sweden's Machinery Having Individual Functions have increased by SEK285M (31.9%) from SEK893M to SEK1.18B, while imports increased by SEK200M (39%) from SEK513M to SEK713M.

Destinations In July 2024, Machinery Having Individual Functions were exported mostly to United States (SEK251M), Germany (SEK108M), Belgium (SEK99.8M), China (SEK72.1M), and Italy (SEK69.5M), and were imported mostly from China (SEK131M), South Korea (SEK127M), Germany (SEK122M), United States (SEK49.1M), and Czechia (SEK33.6M).

Growth In July 2024, the increase in Machinery Having Individual Functions's year-by-year exports was explained primarily by an increase in exports to Germany (SEK102M or 178%), Italy (SEK47.9M or 231%), and United States (SEK46.3M or 50.1%). In July 2024, the increase in Machinery Having Individual Functions's year-by-year imports was explained primarily by an increase in imports from Italy (SEK122M or 974%), Germany (SEK44.8M or 37%), and China (SEK27M or 48.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)SEK285M(31.9%)

IMPORT GROWTH (July 2023 - July 2024)SEK200M(39%)

MAIN EXPORTER (July 2024)undefined1.31B

MAIN DESTINATION (July 2024)United StatesSEK251M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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