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2023
Exports $3.49MWorld Rnk 31 / 158
Flag Rnk 783 / 1210
2023
Destination $331k United States
2022 - 2023
FASTEST GROWING MARKET $331kLatvia
2023
PRODUCT COMPLEXITY IN Metalworking Machines1.85Rnk 8 / 1025
2023
Imports $14.9MWorld Rnk 32 / 213
Flag Rnk 703 / 1213
2023
Origin $3.55M Germany
2022 - 2023
FASTEST GROWING ORIGIN $3.55MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $3.49M in Metalworking Machines, making it the 31st largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 783rd most exported product in Sweden. The main destination of Metalworking Machines exports from Sweden are: United States ($455k), Denmark ($445k), Latvia ($340k), Ireland ($285k), and Norway ($282k).

The fastest growing export markets for Metalworking Machines of Sweden between 2022 and 2023 were Latvia ($331k), United States ($293k), and Ireland ($152k).

Imports In 2023, Sweden imported $14.9M in Metalworking Machines, becoming the 32nd largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 703rd most imported product in Sweden. Sweden imports Metalworking Machines primarily from: Germany ($7.41M), Italy ($2.6M), Denmark ($1.41M), Austria ($822k), and China ($773k).

The fastest growing import markets in Metalworking Machines for Sweden between 2022 and 2023 were Germany ($3.55M), Denmark ($1M), and Austria ($501k).

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Metalworking Machines exports accounted up to SEK5.56M and imports accounted up to SEK21.8M, resulting in a negative trade balance of SEK16.2M. Between October 2023 and October 2024 the exports of Sweden's   Metalworking Machines have increased by SEK3.55M (176%) from SEK2.01M to SEK5.56M, while imports increased by SEK13M (147%) from SEK8.84M to SEK21.8M.

Destinations In October 2024, Metalworking Machines were exported mostly to Denmark (SEK4.8M), China (SEK319k), Norway (SEK245k), Finland (SEK111k), and Poland (SEK64k), and were imported mostly from Italy (SEK9.59M), Germany (SEK7.63M), China (SEK1.44M), France (SEK1.21M), and Denmark (SEK930k).

Growth In October 2024, the increase in Metalworking Machines's year-by-year exports was explained primarily by an increase in exports to Norway (SEK477k or 232%), United Kingdom (SEK186k or 227%), and Finland (SEK25k or 46.3%). In October 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 (October 2023 - October 2024)SEK3.55M(176%)
IMPORT GROWTH (October 2023 - October 2024)SEK13M(147%)
MAIN EXPORTER (October 2024)undefined10.4M
MAIN DESTINATION (October 2024)DenmarkSEK4.8M

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 (2023)$3.49M
IMPORTS (2023)$14.9M
NET TRADE (2023)-$11.4M

In 2023, Sweden exported $3.49M in Metalworking Machines. The main destinations of Sweden exports on Metalworking Machines were United States ($455k), Denmark ($445k), Latvia ($340k), Ireland ($285k), and Norway ($282k).

In 2023, Sweden imported $14.9M in Metalworking Machines, mainly from Germany ($7.41M), Italy ($2.6M), Denmark ($1.41M), Austria ($822k), and China ($773k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Latvia$331k (3.64k%)
United States$293k (180%)
Ireland$152k (114%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Sweden WERE (2022 - 2023):
Denmark-$501k (-53%)
Italy-$313k (-55.8%)
India-$283k (-81%)
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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 Machines were:
Germany $788M
China $409M
Switzerland $233M
In 2023, Sweden's main importing competitors in Metalworking Machines were:
China $630M
United States $329M
India $139M

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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.

See methodology.

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