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2022
Exports $289MWorld Rnk 17 / 199
Flag Rnk 134 / 1212
2022
Destination $5.3M Netherlands
2021 - 2022
FASTEST GROWING MARKET $5.3MNetherlands
2022
PRODUCT COMPLEXITY IN Metalworking Machine Parts1.64Rnk 34 / 1025
2022
Imports $234MWorld Rnk 24 / 220
Flag Rnk 162 / 1213
2022
Origin $12.7M Germany
2021 - 2022
FASTEST GROWING ORIGIN $12.7MNetherlands
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $289M in Metalworking Machine Parts, making it the 17th largest exporter of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 134th most exported product in Sweden. The main destination of Metalworking Machine Parts exports from Sweden are: Netherlands ($75M), United States ($42.9M), Germany ($25.2M), Finland ($25M), and Switzerland ($14.9M).

The fastest growing export markets for Metalworking Machine Parts of Sweden between 2021 and 2022 were Netherlands ($5.3M), Switzerland ($3.99M), and Bulgaria ($1.38M).

Imports In 2022, Sweden imported $234M in Metalworking Machine Parts, becoming the 24th largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 162nd most imported product in Sweden. Sweden imports Metalworking Machine Parts primarily from: Germany ($76.6M), Netherlands ($20M), Italy ($19.8M), Finland ($13.3M), and China ($12.1M).

The fastest growing import markets in Metalworking Machine Parts for Sweden between 2021 and 2022 were Netherlands ($12.7M), Germany ($3.59M), and Finland ($2.26M).

COMPANIES In 2023, leading companies such as John Deere (29) were at the forefront of shipping Metalworking Machine Parts from Sweden to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Sweden's Metalworking Machine Parts exports accounted up to SEK202M and imports accounted up to SEK165M, resulting in a positive trade balance of SEK37M. Between August 2023 and August 2024 the exports of Sweden's   Metalworking Machine Parts have decreased by SEK-19.6M (-8.83%) from SEK222M to SEK202M, while imports decreased by SEK-38.1M (-18.8%) from SEK203M to SEK165M.

Destinations In August 2024, Metalworking Machine Parts were exported mostly to Netherlands (SEK60M), United States (SEK36.2M), Germany (SEK24M), Norway (SEK11.5M), and Switzerland (SEK7.75M), and were imported mostly from Germany (SEK65.2M), Switzerland (SEK16.3M), Netherlands (SEK10.9M), Italy (SEK10.2M), and China (SEK9.26M).

Growth In August 2024, the decrease in Metalworking Machine Parts's year-by-year exports was explained primarily by a decrease in exports to Belgium (SEK-14M or -89.6%), Finland (SEK-7.99M or -36.6%), and Malaysia (SEK-4.78M or -92.1%). In August 2024, the decrease in Metalworking Machine Parts's year-by-year imports was explained primarily by a decrease in imports from France (SEK-10.1M or -67.9%), Chinese Taipei (SEK-3.38M or -49.5%), and Belgium (SEK-2.84M or -28.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)SEK-19.6M(-8.83%)
IMPORT GROWTH (August 2023 - August 2024)SEK-38.1M(-18.8%)
MAIN EXPORTER (August 2024)undefined310M
MAIN DESTINATION (August 2024)NetherlandsSEK60M

This section shows Metalworking Machine 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 Metalworking Machine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$289M
IMPORTS (2022)$234M
NET TRADE (2022)$54.7M

In 2022, Sweden exported $289M in Metalworking Machine Parts. The main destinations of Sweden exports on Metalworking Machine Parts were Netherlands ($75M), United States ($42.9M), Germany ($25.2M), Finland ($25M), and Switzerland ($14.9M).

In 2022, Sweden imported $234M in Metalworking Machine Parts, mainly from Germany ($76.6M), Netherlands ($20M), Italy ($19.8M), Finland ($13.3M), and China ($12.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Netherlands$5.3M (7.61%)
Switzerland$3.99M (36.6%)
Bulgaria$1.38M (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Sweden WERE (2021 - 2022):
Belgium-$18.8M (-78.2%)
Norway-$4.47M (-24.4%)
Spain-$4.11M (-65.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Metalworking Machine Parts were:
Germany $3.59B
China $2.15B
United States $2.04B
In 2022, Sweden's main importing competitors in Metalworking Machine Parts were:
United States $2.91B
Germany $2.12B
China $1.94B

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Trade Value of Metalworking Machine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $14.8M
TOP IMPORT POTENTIALChina+ $7.59M

Metalworking Machine Parts’s highest export potential is United States. With an export gap of $14.8M.   Metalworking Machine Parts’s highest import potential is China with an import gap of $7.59M.

See methodology.

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