Electrical Transformers in Sweden | The Observatory of Economic Complexity

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Exports In 2022, Sweden exported $885M in Electrical Transformers, making it the 29th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 38th most exported product in Sweden. The main destination of Electrical Transformers exports from Sweden are: United Kingdom ($162M), Norway ($96.6M), United States ($82.3M), China ($57.5M), and Germany ($51.4M).

The fastest growing export markets for Electrical Transformers of Sweden between 2021 and 2022 were United Kingdom ($116M), Norway ($42.2M), and Canada ($35.5M).

Imports In 2022, Sweden imported $1.35B in Electrical Transformers, becoming the 28th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 17th most imported product in Sweden. Sweden imports Electrical Transformers primarily from: China ($301M), Germany ($216M), Netherlands ($105M), Italy ($77.3M), and Finland ($76.9M).

The fastest growing import markets in Electrical Transformers for Sweden between 2021 and 2022 were China ($55.5M), Czechia ($20.2M), and Italy ($19.3M).

Latest Trends

January 2024

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Overview In January 2024 Sweden's Electrical Transformers exports accounted up to SEK945M and imports accounted up to SEK1.28B, resulting in a negative trade balance of SEK338M. Between January 2023 and January 2024 the exports of Sweden's Electrical Transformers have increased by SEK377M (66.3%) from SEK568M to SEK945M, while imports decreased by SEK-3.78M (-0.29%) from SEK1.29B to SEK1.28B.

Destinations In January 2024, Electrical Transformers were exported mostly to United Kingdom (SEK316M), United Arab Emirates (SEK199M), Norway (SEK56.5M), United States (SEK46.8M), and Germany (SEK38.3M), and were imported mostly from China (SEK310M), Germany (SEK207M), Portugal (SEK104M), Finland (SEK102M), and Netherlands (SEK85.8M).

Growth In January 2024, the increase in Electrical Transformers's year-by-year exports was explained primarily by an increase in exports to United States (SEK61.8M or 203%), Singapore (SEK24.2M or 775%), and Germany (SEK15.3M or 36.5%). In January 2024, the decrease in Electrical Transformers's year-by-year imports was explained primarily by a decrease in imports from Ireland (SEK-49.4M or -74.1%), Hong Kong (SEK-14.2M or -45.5%), and Spain (SEK-11.3M or -88.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)SEK377M(66.3%)

IMPORT GROWTH (January 2023 - January 2024)SEK-3.78M(-0.29%)

MAIN EXPORTER (January 2024)undefined945M

MAIN DESTINATION (January 2024)United KingdomSEK316M

This section shows Electrical Transformers'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 Electrical Transformers over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$885M

IMPORTS (2022)$1.35B

NET TRADE (2022)-$468M

In 2022, Sweden exported $885M in Electrical Transformers. The main destinations of Sweden exports on Electrical Transformers were United Kingdom ($162M), Norway ($96.6M), United States ($82.3M), China ($57.5M), and Germany ($51.4M).

In 2022, Sweden imported $1.35B in Electrical Transformers, mainly from China ($301M), Germany ($216M), Netherlands ($105M), Italy ($77.3M), and Finland ($76.9M).

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