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2022
Exports $23.2MWorld Rnk 18 / 165
Flag Rnk 510 / 1212
2022
Destination $602k United States
2021 - 2022
FASTEST GROWING MARKET $602kUnited States
2022
PRODUCT COMPLEXITY IN Tensile Testing Machines1.41Rnk 69 / 1025
2022
Imports $27.1MWorld Rnk 25 / 206
Flag Rnk 610 / 1213
2022
Origin $6.7M United States
2021 - 2022
FASTEST GROWING ORIGIN $6.7MUnited States
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $23.2M in Tensile Testing Machines, making it the 18th largest exporter of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 510th most exported product in Sweden. The main destination of Tensile Testing Machines exports from Sweden are: United States ($9.27M), Norway ($1.37M), Germany ($952k), Brazil ($879k), and China ($844k).

The fastest growing export markets for Tensile Testing Machines of Sweden between 2021 and 2022 were United States ($602k), Norway ($519k), and Austria ($484k).

Imports In 2022, Sweden imported $27.1M in Tensile Testing Machines, becoming the 25th largest importer of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 610th most imported product in Sweden. Sweden imports Tensile Testing Machines primarily from: United States ($11.7M), Germany ($4.64M), Denmark ($1.77M), United Kingdom ($1.38M), and Chinese Taipei ($1.36M).

The fastest growing import markets in Tensile Testing Machines for Sweden between 2021 and 2022 were United States ($6.7M), Germany ($1.74M), and Denmark ($1.01M).

Latest Trends

August 2024

About

Overview In August 2024 Sweden's Tensile Testing Machines exports accounted up to SEK17.4M and imports accounted up to SEK6.78M, resulting in a positive trade balance of SEK10.6M. Between August 2023 and August 2024 the exports of Sweden's   Tensile Testing Machines have decreased by SEK-1.31M (-6.97%) from SEK18.7M to SEK17.4M, while imports decreased by SEK-3.96M (-36.9%) from SEK10.7M to SEK6.78M.

Destinations In August 2024, Tensile Testing Machines were exported mostly to South Africa (SEK3.69M), United States (SEK2.75M), China (SEK1.71M), Singapore (SEK1.31M), and Finland (SEK1.04M), and were imported mostly from United Kingdom (SEK1.83M), United States (SEK1.81M), Slovenia (SEK1.18M), Germany (SEK689k), and Netherlands (SEK307k).

Growth In August 2024, the decrease in Tensile Testing Machines's year-by-year exports was explained primarily by a decrease in exports to Japan (SEK-346k or -81.6%), United States (SEK-246k or -10.8%), and Australia (SEK-236k or -80.5%). In August 2024, the decrease in Tensile Testing Machines's year-by-year imports was explained primarily by a decrease in imports from United States (SEK-13.1M or -85%), United Kingdom (SEK-1.09M or -51.7%), and Slovenia (SEK-661k or -92.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)SEK-1.31M(-6.97%)
IMPORT GROWTH (August 2023 - August 2024)SEK-3.96M(-36.9%)
MAIN EXPORTER (August 2024)undefined35.6M
MAIN DESTINATION (August 2024)South AfricaSEK3.69M

This section shows Tensile Testing 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 Tensile Testing Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.2M
IMPORTS (2022)$27.1M
NET TRADE (2022)-$3.93M

In 2022, Sweden exported $23.2M in Tensile Testing Machines. The main destinations of Sweden exports on Tensile Testing Machines were United States ($9.27M), Norway ($1.37M), Germany ($952k), Brazil ($879k), and China ($844k).

In 2022, Sweden imported $27.1M in Tensile Testing Machines, mainly from United States ($11.7M), Germany ($4.64M), Denmark ($1.77M), United Kingdom ($1.38M), and Chinese Taipei ($1.36M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tensile Testing Machines EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
United States$602k (6.95%)
Norway$519k (60.8%)
Austria$484k (570%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tensile Testing Machines BY Sweden WERE (2021 - 2022):
China-$1.25M (-59.7%)
Canada-$771k (-69.4%)
Denmark-$766k (-51.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Tensile Testing Machines were:
United States $633M
Germany $397M
United Kingdom $230M
In 2022, Sweden's main importing competitors in Tensile Testing Machines were:
China $408M
United States $239M
Germany $162M

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Trade Value of Tensile Testing Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.55M
TOP IMPORT POTENTIALUnited Kingdom+ $572k

Tensile Testing Machines’s highest export potential is China. With an export gap of $1.55M.   Tensile Testing Machines’s highest import potential is United Kingdom with an import gap of $572k.

See methodology.

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