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2023
Exports $27.7MWorld Rnk 15 / 174
Flag Rnk 447 / 1210
2023
Destination $1.38M United States
2022 - 2023
FASTEST GROWING MARKET $1.38MChina
2023
PRODUCT COMPLEXITY IN Tensile Testing Machines1.43Rnk 56 / 1025
2023
Imports $30.5MWorld Rnk 24 / 208
Flag Rnk 558 / 1213
2023
Origin $10.6M Germany
2022 - 2023
FASTEST GROWING ORIGIN $10.6MGermany
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $27.7M in Tensile Testing Machines, making it the 15th largest exporter of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 447th most exported product in Sweden. The main destination of Tensile Testing Machines exports from Sweden are: United States ($7.44M), China ($3.3M), Indonesia ($1.75M), Brazil ($1.21M), and France ($1.2M).

The fastest growing export markets for Tensile Testing Machines of Sweden between 2022 and 2023 were China ($1.38M), Indonesia ($1.34M), and United Kingdom ($887k).

Imports In 2018, Sweden imported $30.5M in Tensile Testing Machines, becoming the 24th largest importer of Tensile Testing Machines in the world. At the same year, Tensile Testing Machines was the 558th most imported product in Sweden. Sweden imports Tensile Testing Machines primarily from: Germany ($13.3M), United States ($6.53M), Switzerland ($2.35M), Slovenia ($1.89M), and United Kingdom ($1.82M).

The fastest growing import markets in Tensile Testing Machines for Sweden between 2022 and 2023 were Germany ($10.6M), Switzerland ($1.47M), and Slovenia ($520k).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Tensile Testing Machines exports accounted up to SEK20.8M and imports accounted up to SEK10.1M, resulting in a positive trade balance of SEK10.6M. Between November 2023 and November 2024 the exports of Sweden's   Tensile Testing Machines have decreased by SEK-1.22M (-5.54%) from SEK22M to SEK20.8M, while imports decreased by SEK-4.26M (-29.6%) from SEK14.4M to SEK10.1M.

Destinations In November 2024, Tensile Testing Machines were exported mostly to United States (SEK7.08M), Bangladesh (SEK2.45M), Japan (SEK1.86M), Finland (SEK1.22M), and Norway (SEK1.14M), and were imported mostly from United States (SEK2.8M), Slovenia (SEK2.5M), United Kingdom (SEK1.72M), Germany (SEK803k), and Norway (SEK518k).

Growth In November 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 November 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 (November 2023 - November 2024)SEK-1.22M(-5.54%)
IMPORT GROWTH (November 2023 - November 2024)SEK-4.26M(-29.6%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)United StatesSEK7.08M

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 (2023)$27.7M
IMPORTS (2023)$30.5M
NET TRADE (2023)-$2.78M

In 2023, Sweden exported $27.7M in Tensile Testing Machines. The main destinations of Sweden exports on Tensile Testing Machines were United States ($7.44M), China ($3.3M), Indonesia ($1.75M), Brazil ($1.21M), and France ($1.2M).

In 2023, Sweden imported $30.5M in Tensile Testing Machines, mainly from Germany ($13.3M), United States ($6.53M), Switzerland ($2.35M), Slovenia ($1.89M), and United Kingdom ($1.82M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tensile Testing Machines EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
China$1.38M (72.3%)
Indonesia$1.34M (329%)
United Kingdom$887k (333%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tensile Testing Machines BY Sweden WERE (2022 - 2023):
United States-$800k (-9.71%)
Finland-$486k (-52.5%)
Italy-$463k (-75.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Tensile Testing Machines were:
United States $640M
Germany $435M
United Kingdom $256M
In 2023, Sweden's main importing competitors in Tensile Testing Machines were:
China $411M
United States $251M
Germany $128M

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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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