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2023
Exports $52.4MWorld Rnk 21 / 177
Flag Rnk 342 / 1210
2023
Destination $5.55M Denmark
2022 - 2023
FASTEST GROWING MARKET $5.55MChile
2023
PRODUCT COMPLEXITY IN Woodworking machines1.29Rnk 81 / 1025
2023
Imports $92.8MWorld Rnk 26 / 217
Flag Rnk 316 / 1213
2023
Origin $11.6M Germany
2022 - 2023
FASTEST GROWING ORIGIN $11.6MFinland
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $52.4M in Woodworking machines, making it the 21st largest exporter of Woodworking machines in the world. At the same year, Woodworking machines was the 342nd most exported product in Sweden. The main destination of Woodworking machines exports from Sweden are: Denmark ($7.37M), Chile ($5.94M), United States ($5.33M), Germany ($4.23M), and Norway ($2.96M).

The fastest growing export markets for Woodworking machines of Sweden between 2022 and 2023 were Chile ($5.55M), Lithuania ($1.92M), and Slovenia ($1.66M).

Imports In 2023, Sweden imported $92.8M in Woodworking machines, becoming the 26th largest importer of Woodworking machines in the world. At the same year, Woodworking machines was the 316th most imported product in Sweden. Sweden imports Woodworking machines primarily from: Germany ($22.4M), Italy ($17M), Finland ($15.1M), China ($14.8M), and Belgium ($3.98M).

The fastest growing import markets in Woodworking machines for Sweden between 2022 and 2023 were Finland ($11.6M), Netherlands ($1.3M), and Belgium ($729k).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Woodworking machines exports accounted up to SEK29.8M and imports accounted up to SEK57.5M, resulting in a negative trade balance of SEK27.7M. Between November 2023 and November 2024 the exports of Sweden's   Woodworking machines have decreased by SEK-61.2M (-67.3%) from SEK91M to SEK29.8M, while imports increased by SEK976k (1.73%) from SEK56.5M to SEK57.5M.

Destinations In November 2024, Woodworking machines were exported mostly to Norway (SEK10.4M), Denmark (SEK4.55M), Finland (SEK3.62M), Poland (SEK3.3M), and United States (SEK3.16M), and were imported mostly from Italy (SEK17.2M), Finland (SEK14.4M), China (SEK8.74M), Germany (SEK6.68M), and Belgium (SEK4.43M).

Growth In November 2024, the decrease in Woodworking machines's year-by-year exports was explained primarily by a decrease in exports to United States (SEK-2.43M or -34.6%), Germany (SEK-1.95M or -27.9%), and Norway (SEK-1.3M or -13.1%). In November 2024, the increase in Woodworking machines's year-by-year imports was explained primarily by an increase in imports from Germany (SEK2.84M or 33.2%), Finland (SEK2.64M or 196%), and Denmark (SEK2.09M or 358%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK-61.2M(-67.3%)
IMPORT GROWTH (November 2023 - November 2024)SEK976k(1.73%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)NorwaySEK10.4M

This section shows Woodworking 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 Woodworking machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$52.4M
IMPORTS (2023)$92.8M
NET TRADE (2023)-$40.4M

In 2023, Sweden exported $52.4M in Woodworking machines. The main destinations of Sweden exports on Woodworking machines were Denmark ($7.37M), Chile ($5.94M), United States ($5.33M), Germany ($4.23M), and Norway ($2.96M).

In 2023, Sweden imported $92.8M in Woodworking machines, mainly from Germany ($22.4M), Italy ($17M), Finland ($15.1M), China ($14.8M), and Belgium ($3.98M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Woodworking machines EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Chile$5.55M (1.45k%)
Lithuania$1.92M (509%)
Slovenia$1.66M (247%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Woodworking machines BY Sweden WERE (2022 - 2023):
Russia-$10.7M (-100%)
Switzerland-$5.73M (-95.8%)
Australia-$5.63M (-96.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Woodworking machines were:
China $2.22B
Germany $1.75B
Italy $1.23B
In 2023, Sweden's main importing competitors in Woodworking machines were:
United States $1.48B
Germany $532M
France $380M

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Trade Value of Woodworking machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.98M
TOP IMPORT POTENTIALChina+ $6.85M

Woodworking machines’s highest export potential is United States. With an export gap of $3.98M.   Woodworking machines’s highest import potential is China with an import gap of $6.85M.

See methodology.

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