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2023
Exports $1.17BWorld Rnk 12 / 212
Flag Rnk 28 / 1210
2023
Destination $34.6M Germany
2022 - 2023
FASTEST GROWING MARKET $34.6MIndonesia
2023
PRODUCT COMPLEXITY IN Other Heating Machinery1.3Rnk 78 / 1025
2023
Imports $664MWorld Rnk 24 / 225
Flag Rnk 49 / 1213
2023
Origin $15.9M Germany
2022 - 2023
FASTEST GROWING ORIGIN $15.9MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $1.17B in Other Heating Machinery, making it the 12th largest exporter of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 28th most exported product in Sweden. The main destination of Other Heating Machinery exports from Sweden are: Germany ($118M), United States ($109M), Italy ($73.7M), China ($72.6M), and France ($57.8M).

The fastest growing export markets for Other Heating Machinery of Sweden between 2022 and 2023 were Indonesia ($34.6M), Germany ($11.3M), and India ($9.13M).

Imports In 2023, Sweden imported $664M in Other Heating Machinery, becoming the 24th largest importer of Other Heating Machinery in the world. At the same year, Other Heating Machinery was the 49th most imported product in Sweden. Sweden imports Other Heating Machinery primarily from: Germany ($112M), Italy ($77.8M), Finland ($58.7M), Denmark ($52.3M), and Netherlands ($43.7M).

The fastest growing import markets in Other Heating Machinery for Sweden between 2022 and 2023 were Germany ($15.9M), Denmark ($10.1M), and Poland ($8.47M).

COMPANIES In 2023, leading companies such as Team Hardinger (24) were at the forefront of shipping Other Heating Machinery from Sweden to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Other Heating Machinery exports accounted up to SEK1.01B and imports accounted up to SEK471M, resulting in a positive trade balance of SEK538M. Between November 2023 and November 2024 the exports of Sweden's   Other Heating Machinery have decreased by SEK-151M (-13%) from SEK1.16B to SEK1.01B, while imports decreased by SEK-111M (-19.1%) from SEK582M to SEK471M.

Destinations In November 2024, Other Heating Machinery were exported mostly to United States (SEK132M), Germany (SEK88.3M), France (SEK82.7M), United Kingdom (SEK49.4M), and Norway (SEK47.9M), and were imported mostly from China (SEK96.5M), Italy (SEK72.2M), Germany (SEK50M), Denmark (SEK37.3M), and Netherlands (SEK33.2M).

Growth In November 2024, the decrease in Other Heating Machinery's year-by-year exports was explained primarily by a decrease in exports to Egypt (SEK-10.7M or -92.2%), Vietnam (SEK-7.68M or -97.2%), and Japan (SEK-7.38M or -74.3%). In November 2024, the decrease in Other Heating Machinery's year-by-year imports was explained primarily by a decrease in imports from Belgium (SEK-10.1M or -68.4%), United Kingdom (SEK-7.6M or -29.7%), and France (SEK-4.74M or -12.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK-151M(-13%)
IMPORT GROWTH (November 2023 - November 2024)SEK-111M(-19.1%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)United StatesSEK132M

This section shows Other Heating 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 Heating Machinery over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.17B
IMPORTS (2023)$664M
NET TRADE (2023)$508M

In 2023, Sweden exported $1.17B in Other Heating Machinery. The main destinations of Sweden exports on Other Heating Machinery were Germany ($118M), United States ($109M), Italy ($73.7M), China ($72.6M), and France ($57.8M).

In 2023, Sweden imported $664M in Other Heating Machinery, mainly from Germany ($112M), Italy ($77.8M), Finland ($58.7M), Denmark ($52.3M), and Netherlands ($43.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Heating Machinery EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Indonesia$34.6M (364%)
Germany$11.3M (10.7%)
India$9.13M (70.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Heating Machinery BY Sweden WERE (2022 - 2023):
United Kingdom-$16.1M (-24.2%)
Kazakhstan-$4.2M (-68.9%)
Denmark-$4.03M (-7.49%)
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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 Heating Machinery were:
China $8.69B
Germany $5.96B
Italy $4.77B
In 2023, Sweden's main importing competitors in Other Heating Machinery were:
United States $7.4B
Germany $3.7B
China $3.49B

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Trade Value of Other Heating Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $51.5M
TOP IMPORT POTENTIALChina+ $27.5M

Other Heating Machinery’s highest export potential is United States. With an export gap of $51.5M.   Other Heating Machinery’s highest import potential is China with an import gap of $27.5M.

See methodology.

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