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2023
Exports $582MWorld Rnk 19 / 217
Flag Rnk 63 / 1210
2023
Destination $81M United States
2022 - 2023
FASTEST GROWING MARKET $81MUnited States
2023
PRODUCT COMPLEXITY IN Other Electrical Machinery1.46Rnk 52 / 1025
2023
Imports $331MWorld Rnk 32 / 225
Flag Rnk 115 / 1213
2023
Origin $15.5M China
2022 - 2023
FASTEST GROWING ORIGIN $15.5MHungary
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $582M in Other Electrical Machinery, making it the 19th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 63rd most exported product in Sweden. The main destination of Other Electrical Machinery exports from Sweden are: United States ($174M), Canada ($94.1M), China ($74.6M), Germany ($39.7M), and Japan ($33.5M).

The fastest growing export markets for Other Electrical Machinery of Sweden between 2022 and 2023 were United States ($81M), Canada ($50.1M), and Germany ($25M).

Imports In 2023, Sweden imported $331M in Other Electrical Machinery, becoming the 32nd largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 115th most imported product in Sweden. Sweden imports Other Electrical Machinery primarily from: China ($72.4M), Germany ($50.2M), Hungary ($33.9M), Netherlands ($15.8M), and Poland ($14.2M).

The fastest growing import markets in Other Electrical Machinery for Sweden between 2022 and 2023 were Hungary ($15.5M), Italy ($3.45M), and Spain ($3.05M).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Other Electrical Machinery exports accounted up to SEK831M and imports accounted up to SEK279M, resulting in a positive trade balance of SEK552M. Between November 2023 and November 2024 the exports of Sweden's   Other Electrical Machinery have increased by SEK91.4M (12.4%) from SEK739M to SEK831M, while imports increased by SEK18.9M (7.28%) from SEK260M to SEK279M.

Destinations In November 2024, Other Electrical Machinery were exported mostly to Germany (SEK260M), Japan (SEK215M), Canada (SEK60.7M), Belgium (SEK56.4M), and Poland (SEK44.4M), and were imported mostly from South Africa (SEK37.9M), Hungary (SEK35M), Germany (SEK33.4M), Netherlands (SEK33.3M), and China (SEK28.1M).

Growth In November 2024, the increase in Other Electrical Machinery's year-by-year exports was explained primarily by an increase in exports to Japan (SEK94.3M or 262%), Canada (SEK77.9M or 14.9k%), and Germany (SEK62.6M or 64.3%). In November 2024, the increase in Other Electrical Machinery's year-by-year imports was explained primarily by an increase in imports from South Korea (SEK51M or 1.97k%), Denmark (SEK7.34M or 125%), and Norway (SEK6.48M or 158%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK91.4M(12.4%)
IMPORT GROWTH (November 2023 - November 2024)SEK18.9M(7.28%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)GermanySEK260M

This section shows Other Electrical Machinery'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 Other Electrical Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$582M
IMPORTS (2023)$331M
NET TRADE (2023)$250M

In 2023, Sweden exported $582M in Other Electrical Machinery. The main destinations of Sweden exports on Other Electrical Machinery were United States ($174M), Canada ($94.1M), China ($74.6M), Germany ($39.7M), and Japan ($33.5M).

In 2023, Sweden imported $331M in Other Electrical Machinery, mainly from China ($72.4M), Germany ($50.2M), Hungary ($33.9M), Netherlands ($15.8M), and Poland ($14.2M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
United States$81M (87%)
Canada$50.1M (114%)
Germany$25M (171%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Sweden WERE (2022 - 2023):
Finland-$4.89M (-38.5%)
Indonesia-$3.6M (-63.7%)
Spain-$2.93M (-61%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Other Electrical Machinery were:
China $20.3B
United States $5.26B
Germany $4.99B
In 2023, Sweden's main importing competitors in Other Electrical Machinery were:
United States $17.6B
Germany $4.08B
China $3.85B

Explore Visualizations

Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $42.1M
TOP IMPORT POTENTIALChina+ $30.7M

Other Electrical Machinery’s highest export potential is United States. With an export gap of $42.1M.   Other Electrical Machinery’s highest import potential is China with an import gap of $30.7M.

See methodology.

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