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2023
Exports $265MWorld Rnk 18 / 199
Flag Rnk 134 / 1210
2023
Destination $16.1M United States
2022 - 2023
FASTEST GROWING MARKET $16.1MNetherlands
2023
PRODUCT COMPLEXITY IN Metalworking Machine Parts1.42Rnk 61 / 1025
2023
Imports $235MWorld Rnk 22 / 218
Flag Rnk 151 / 1213
2023
Origin $4.24M Germany
2022 - 2023
FASTEST GROWING ORIGIN $4.24MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $265M in Metalworking Machine Parts, making it the 18th 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: United States ($39.6M), Germany ($37.1M), Netherlands ($33.6M), China ($13.4M), and Norway ($12.5M).

The fastest growing export markets for Metalworking Machine Parts of Sweden between 2022 and 2023 were Netherlands ($16.1M), India ($4.2M), and United States ($3.91M).

Imports In 2023, Sweden imported $235M in Metalworking Machine Parts, becoming the 22nd largest importer of Metalworking Machine Parts in the world. At the same year, Metalworking Machine Parts was the 151st most imported product in Sweden. Sweden imports Metalworking Machine Parts primarily from: Germany ($85.6M), Italy ($18M), Netherlands ($17M), Switzerland ($12.4M), and United States ($10.6M).

The fastest growing import markets in Metalworking Machine Parts for Sweden between 2022 and 2023 were Germany ($4.24M), Czechia ($3.45M), and Italy ($2.94M).

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

November 2024

About

Overview In November 2024 Sweden's Metalworking Machine Parts exports accounted up to SEK255M and imports accounted up to SEK180M, resulting in a positive trade balance of SEK74.7M. Between November 2023 and November 2024 the exports of Sweden's   Metalworking Machine Parts have decreased by SEK-21.2M (-7.67%) from SEK276M to SEK255M, while imports decreased by SEK-16.3M (-8.31%) from SEK197M to SEK180M.

Destinations In November 2024, Metalworking Machine Parts were exported mostly to Netherlands (SEK75.7M), Finland (SEK29.9M), United States (SEK29.9M), Norway (SEK22.5M), and Germany (SEK21.6M), and were imported mostly from Germany (SEK65.2M), China (SEK24.9M), Italy (SEK12.7M), Netherlands (SEK11.7M), and Finland (SEK8.57M).

Growth In November 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 November 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 (November 2023 - November 2024)SEK-21.2M(-7.67%)
IMPORT GROWTH (November 2023 - November 2024)SEK-16.3M(-8.31%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)NetherlandsSEK75.7M

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 (2023)$265M
IMPORTS (2023)$235M
NET TRADE (2023)$29.6M

In 2023, Sweden exported $265M in Metalworking Machine Parts. The main destinations of Sweden exports on Metalworking Machine Parts were United States ($39.6M), Germany ($37.1M), Netherlands ($33.6M), China ($13.4M), and Norway ($12.5M).

In 2023, Sweden imported $235M in Metalworking Machine Parts, mainly from Germany ($85.6M), Italy ($18M), Netherlands ($17M), Switzerland ($12.4M), and United States ($10.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machine Parts EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Netherlands$16.1M (92.2%)
India$4.2M (189%)
United States$3.91M (11%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machine Parts BY Sweden WERE (2022 - 2023):
Switzerland-$5.56M (-34.1%)
Japan-$4.55M (-39.5%)
China-$3.73M (-21.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Metalworking Machine Parts were:
Germany $4.12B
China $2.27B
United States $1.68B
In 2023, Sweden's main importing competitors in Metalworking Machine Parts were:
United States $3.03B
Germany $2B
China $1.62B

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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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