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2022
Exports $293MWorld Rnk 20 / 200
Flag Rnk 131 / 1212
2022
Destination $14.7M Germany
2021 - 2022
FASTEST GROWING MARKET $14.7MUnited States
2022
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 162 / 1025
2022
Imports $276MWorld Rnk 22 / 220
Flag Rnk 141 / 1213
2022
Origin $30.1M Portugal
2021 - 2022
FASTEST GROWING ORIGIN $30.1MPortugal
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $293M in Navigation Equipment, making it the 20th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 131st most exported product in Sweden. The main destination of Navigation Equipment exports from Sweden are: Germany ($108M), United States ($37.7M), Italy ($21.6M), China ($18.4M), and United Kingdom ($17.7M).

The fastest growing export markets for Navigation Equipment of Sweden between 2021 and 2022 were United States ($14.7M), United Kingdom ($11.8M), and Belgium ($4.73M).

Imports In 2022, Sweden imported $276M in Navigation Equipment, becoming the 22nd largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 141st most imported product in Sweden. Sweden imports Navigation Equipment primarily from: Portugal ($44.3M), United Kingdom ($33.9M), Denmark ($32.8M), Germany ($30.6M), and Japan ($15.5M).

The fastest growing import markets in Navigation Equipment for Sweden between 2021 and 2022 were Portugal ($30.1M), Israel ($3.39M), and South Africa ($2.27M).

Latest Trends

July 2024

About

Overview In July 2024 Sweden's Navigation Equipment exports accounted up to SEK389M and imports accounted up to SEK523M, resulting in a negative trade balance of SEK134M. Between July 2023 and July 2024 the exports of Sweden's   Navigation Equipment have increased by SEK82.6M (26.9%) from SEK307M to SEK389M, while imports increased by SEK395M (309%) from SEK128M to SEK523M.

Destinations In July 2024, Navigation Equipment were exported mostly to Germany (SEK140M), United Kingdom (SEK88.8M), United States (SEK59.8M), Norway (SEK17.9M), and Italy (SEK12.4M), and were imported mostly from United Kingdom (SEK350M), South Africa (SEK53.3M), Denmark (SEK17.9M), France (SEK14.8M), and Poland (SEK14.8M).

Growth In July 2024, the increase in Navigation Equipment's year-by-year exports was explained primarily by an increase in exports to Germany (SEK72.7M or 118%), Italy (SEK6.55M or 29.7%), and United States (SEK5.01M or 54.6%). In July 2024, the increase in Navigation Equipment's year-by-year imports was explained primarily by an increase in imports from France (SEK10.7M or 134%), Poland (SEK9.61M or 242%), and United States (SEK8.28M or 392%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)SEK82.6M(26.9%)
IMPORT GROWTH (July 2023 - July 2024)SEK395M(309%)
MAIN EXPORTER (July 2024)undefined848M
MAIN DESTINATION (July 2024)GermanySEK140M

This section shows Navigation Equipment'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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$293M
IMPORTS (2022)$276M
NET TRADE (2022)$17.8M

In 2022, Sweden exported $293M in Navigation Equipment. The main destinations of Sweden exports on Navigation Equipment were Germany ($108M), United States ($37.7M), Italy ($21.6M), China ($18.4M), and United Kingdom ($17.7M).

In 2022, Sweden imported $276M in Navigation Equipment, mainly from Portugal ($44.3M), United Kingdom ($33.9M), Denmark ($32.8M), Germany ($30.6M), and Japan ($15.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
United States$14.7M (64%)
United Kingdom$11.8M (198%)
Belgium$4.73M (204%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Sweden WERE (2021 - 2022):
Russia-$2.54M (-95.5%)
China-$1.38M (-6.99%)
Austria-$1.04M (-11.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Navigation Equipment were:
China $3.22B
United States $2.61B
Germany $1.95B
In 2022, Sweden's main importing competitors in Navigation Equipment were:
United States $3.89B
Germany $1.74B
China $1.5B

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16M
TOP IMPORT POTENTIALChina+ $9.75M

Navigation Equipment’s highest export potential is United States. With an export gap of $16M.   Navigation Equipment’s highest import potential is China with an import gap of $9.75M.

See methodology.

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