Machinery Having Individual Functions in Sweden | The Observatory of Economic Complexity

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Exports In 2022, Sweden exported $1.36B in Machinery Having Individual Functions, making it the 19th largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 26th most exported product in Sweden. The main destination of Machinery Having Individual Functions exports from Sweden are: United States ($216M), Germany ($142M), China ($139M), Norway ($79.6M), and France ($71M).

The fastest growing export markets for Machinery Having Individual Functions of Sweden between 2021 and 2022 were Germany ($26.9M), United States ($21.1M), and Singapore ($16.1M).

Imports In 2022, Sweden imported $1.07B in Machinery Having Individual Functions, becoming the 32nd largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 22nd most imported product in Sweden. Sweden imports Machinery Having Individual Functions primarily from: Germany ($286M), China ($144M), United States ($87.8M), Finland ($58.3M), and Czechia ($52.7M).

The fastest growing import markets in Machinery Having Individual Functions for Sweden between 2021 and 2022 were Finland ($29.8M), United States ($22.2M), and United Kingdom ($10.7M).

COMPANIES In 2023, leading companies such as ABB MOTORS AND MECHANICAL INC (408) were at the forefront of shipping Machinery Having Individual Functions from Sweden to the United States.

Latest Trends

December 2023

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Overview In December 2023 Sweden's Machinery Having Individual Functions exports accounted up to SEK1.06B and imports accounted up to SEK660M, resulting in a positive trade balance of SEK398M. Between December 2022 and December 2023 the exports of Sweden's Machinery Having Individual Functions have decreased by SEK-246M (-18.8%) from SEK1.3B to SEK1.06B, while imports decreased by SEK-205M (-23.7%) from SEK865M to SEK660M.

Destinations In December 2023, Machinery Having Individual Functions were exported mostly to United States (SEK146M), Germany (SEK102M), China (SEK101M), Norway (SEK73.7M), and France (SEK56.4M), and were imported mostly from Germany (SEK255M), Czechia (SEK47.3M), China (SEK44M), United States (SEK42.4M), and Denmark (SEK38M).

Growth In December 2023, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Switzerland (SEK-24.5M or -69.3%), Egypt (SEK-12.6M or -99.1%), and Romania (SEK-8.99M or -90.7%). In December 2023, the decrease in Machinery Having Individual Functions's year-by-year imports was explained primarily by a decrease in imports from South Korea (SEK-19.1M or -95.2%), Spain (SEK-6.1M or -62.8%), and Japan (SEK-4.63M or -27%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)SEK-246M(-18.8%)

IMPORT GROWTH (December 2022 - December 2023)SEK-205M(-23.7%)

MAIN EXPORTER (December 2023)

MAIN DESTINATION (December 2023)United StatesSEK146M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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