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2023
Exports $459MWorld Rnk 18 / 199
Flag Rnk 80 / 1210
2023
Destination $78.3M Germany
2022 - 2023
FASTEST GROWING MARKET $78.3MMexico
2023
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 167 / 1025
2023
Imports $217MWorld Rnk 24 / 223
Flag Rnk 160 / 1213
2023
Origin $6.71M Denmark
2022 - 2023
FASTEST GROWING ORIGIN $6.71MPoland
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $459M in Navigation Equipment, making it the 18th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 80th most exported product in Sweden. The main destination of Navigation Equipment exports from Sweden are: Germany ($149M), United States ($81.8M), Mexico ($78.9M), Italy ($23.8M), and United Kingdom ($23.5M).

The fastest growing export markets for Navigation Equipment of Sweden between 2022 and 2023 were Mexico ($78.3M), Germany ($45.5M), and United States ($34.2M).

Imports In 2023, Sweden imported $217M in Navigation Equipment, becoming the 24th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 160th most imported product in Sweden. Sweden imports Navigation Equipment primarily from: Denmark ($30.7M), United Kingdom ($26.7M), Germany ($23.1M), France ($21.5M), and Poland ($15.6M).

The fastest growing import markets in Navigation Equipment for Sweden between 2022 and 2023 were Poland ($6.71M), Portugal ($5.12M), and France ($3.79M).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Navigation Equipment exports accounted up to SEK346M and imports accounted up to SEK231M, resulting in a positive trade balance of SEK114M. Between November 2023 and November 2024 the exports of Sweden's   Navigation Equipment have decreased by SEK-24.3M (-6.57%) from SEK370M to SEK346M, while imports increased by SEK79.5M (52.4%) from SEK152M to SEK231M.

Destinations In November 2024, Navigation Equipment were exported mostly to Germany (SEK176M), United States (SEK59.5M), Belgium (SEK14M), Italy (SEK9.96M), and Norway (SEK9.19M), and were imported mostly from Denmark (SEK63.7M), Finland (SEK34.4M), United Kingdom (SEK19.8M), Poland (SEK19.1M), and Germany (SEK16.1M).

Growth In November 2024, the decrease in Navigation Equipment's year-by-year exports was explained primarily by a decrease in exports to Canada (SEK-25.9M or -97.4%), China (SEK-2.88M or -24.2%), and Brazil (SEK-2.1M or -84.3%). In November 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 (November 2023 - November 2024)SEK-24.3M(-6.57%)
IMPORT GROWTH (November 2023 - November 2024)SEK79.5M(52.4%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)GermanySEK176M

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 (2023)$459M
IMPORTS (2023)$217M
NET TRADE (2023)$242M

In 2023, Sweden exported $459M in Navigation Equipment. The main destinations of Sweden exports on Navigation Equipment were Germany ($149M), United States ($81.8M), Mexico ($78.9M), Italy ($23.8M), and United Kingdom ($23.5M).

In 2023, Sweden imported $217M in Navigation Equipment, mainly from Denmark ($30.7M), United Kingdom ($26.7M), Germany ($23.1M), France ($21.5M), and Poland ($15.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Mexico$78.3M (12.9k%)
Germany$45.5M (44.1%)
United States$34.2M (71.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Sweden WERE (2022 - 2023):
China-$8.65M (-43.4%)
Canada-$2.24M (-48.8%)
Denmark-$1.87M (-20.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Navigation Equipment were:
China $3.35B
United States $3.12B
Germany $1.92B
In 2023, Sweden's main importing competitors in Navigation Equipment were:
United States $4.43B
Germany $2.3B
China $1.81B

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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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