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2022
Exports $4.05MWorld Rnk 29 / 160
Flag Rnk 788 / 1212
2022
Destination $460k Denmark
2021 - 2022
FASTEST GROWING MARKET $460kDenmark
2022
PRODUCT COMPLEXITY IN Metalworking Machines1.92Rnk 9 / 1025
2022
Imports $16.3MWorld Rnk 30 / 212
Flag Rnk 699 / 1213
2022
Origin $1.23M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.23MItaly
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $4.05M in Metalworking Machines, making it the 29th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 788th most exported product in Sweden. The main destination of Metalworking Machines exports from Sweden are: Denmark ($713k), Italy ($561k), India ($354k), Norway ($319k), and United Kingdom ($237k).

The fastest growing export markets for Metalworking Machines of Sweden between 2021 and 2022 were Denmark ($460k), Romania ($219k), and Italy ($139k).

Imports In 2022, Sweden imported $16.3M in Metalworking Machines, becoming the 30th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 699th most imported product in Sweden. Sweden imports Metalworking Machines primarily from: Germany ($7.91M), Italy ($3.56M), China ($1.41M), Austria ($568k), and Chinese Taipei ($542k).

The fastest growing import markets in Metalworking Machines for Sweden between 2021 and 2022 were Italy ($1.23M), Austria ($511k), and Chinese Taipei ($283k).

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Metalworking Machines exports accounted up to SEK2.9M and imports accounted up to SEK5.77M, resulting in a negative trade balance of SEK2.86M. Between May 2023 and May 2024 the exports of Sweden's   Metalworking Machines have decreased by SEK-1.03M (-26.1%) from SEK3.93M to SEK2.9M, while imports increased by SEK2.14M (58.8%) from SEK3.63M to SEK5.77M.

Destinations In May 2024, Metalworking Machines were exported mostly to Brazil (SEK1.68M), Czechia (SEK313k), India (SEK188k), Norway (SEK164k), and United States (SEK134k), and were imported mostly from Germany (SEK1.34M), United States (SEK1.27M), China (SEK1.11M), Chinese Taipei (SEK413k), and Belgium (SEK365k).

Growth In May 2024, the decrease in Metalworking Machines's year-by-year exports was explained primarily by a decrease in exports to Denmark (SEK-361k or -84.7%). In May 2024, the increase in Metalworking Machines's year-by-year imports was explained primarily by an increase in imports from Austria (SEK8.2M or 2.94k%), Denmark (SEK435k or 177%), and Norway (SEK132k or 1.89k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK-1.03M(-26.1%)
IMPORT GROWTH (May 2023 - May 2024)SEK2.14M(58.8%)
MAIN EXPORTER (May 2024)undefined2.9M
MAIN DESTINATION (May 2024)BrazilSEK1.68M

This section shows Metalworking Machines'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 Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$4.05M
IMPORTS (2022)$16.3M
NET TRADE (2022)-$12.3M

In 2022, Sweden exported $4.05M in Metalworking Machines. The main destinations of Sweden exports on Metalworking Machines were Denmark ($713k), Italy ($561k), India ($354k), Norway ($319k), and United Kingdom ($237k).

In 2022, Sweden imported $16.3M in Metalworking Machines, mainly from Germany ($7.91M), Italy ($3.56M), China ($1.41M), Austria ($568k), and Chinese Taipei ($542k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Denmark$460k (182%)
Romania$219k (18k%)
Italy$139k (33.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Sweden WERE (2021 - 2022):
India-$1.31M (-78.7%)
Norway-$431k (-57.5%)
United States-$325k (-68.7%)
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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 Machines were:
Germany $667M
China $394M
Japan $227M
In 2022, Sweden's main importing competitors in Metalworking Machines were:
China $488M
United States $272M
India $115M

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $225k
TOP IMPORT POTENTIALChina+ $754k

Metalworking Machines’s highest export potential is India. With an export gap of $225k.   Metalworking Machines’s highest import potential is China with an import gap of $754k.

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