Navigation Equipment in Sweden | The Observatory of Economic Complexity

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Exports In 2022, Sweden exported $293M in Navigation Equipment, making it the 20th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 131st most exported product in Sweden. The main destination of Navigation Equipment exports from Sweden are: Germany ($108M), United States ($37.7M), Italy ($21.6M), China ($18.4M), and United Kingdom ($17.7M).

The fastest growing export markets for Navigation Equipment of Sweden between 2021 and 2022 were United States ($14.7M), United Kingdom ($11.8M), and Belgium ($4.73M).

Imports In 2022, Sweden imported $276M in Navigation Equipment, becoming the 22nd largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 141st most imported product in Sweden. Sweden imports Navigation Equipment primarily from: Portugal ($44.3M), United Kingdom ($33.9M), Denmark ($32.8M), Germany ($30.6M), and Japan ($15.5M).

The fastest growing import markets in Navigation Equipment for Sweden between 2021 and 2022 were Portugal ($30.1M), Israel ($3.39M), and South Africa ($2.27M).

Latest Trends

January 2024

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Overview In January 2024 Sweden's Navigation Equipment exports accounted up to SEK424M and imports accounted up to SEK162M, resulting in a positive trade balance of SEK262M. Between January 2023 and January 2024 the exports of Sweden's Navigation Equipment have increased by SEK149M (54%) from SEK276M to SEK424M, while imports decreased by SEK-37.5M (-18.8%) from SEK199M to SEK162M.

Destinations In January 2024, Navigation Equipment were exported mostly to Germany (SEK132M), United Kingdom (SEK74.3M), United States (SEK50.1M), United Arab Emirates (SEK44M), and Italy (SEK29.8M), and were imported mostly from United Kingdom (SEK21.4M), Poland (SEK20.6M), Germany (SEK20.1M), Spain (SEK17.7M), and France (SEK16.4M).

Growth In January 2024, the increase in Navigation Equipment's year-by-year exports was explained primarily by an increase in exports to Germany (SEK72.7M or 118%), Italy (SEK6.55M or 29.7%), and United States (SEK5.01M or 54.6%). In January 2024, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (SEK-147M or -77.5%), Japan (SEK-36.4M or -98.3%), and Singapore (SEK-20.5M or -99.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)SEK149M(54%)

IMPORT GROWTH (January 2023 - January 2024)SEK-37.5M(-18.8%)

MAIN EXPORTER (January 2024)undefined424M

MAIN DESTINATION (January 2024)GermanySEK132M

This section shows Navigation Equipment'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 Navigation Equipment over time.

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