Electric Batteries in Sweden | The Observatory of Economic Complexity

About

Exports In 2022, Sweden exported $450M in Electric Batteries, making it the 27th largest exporter of Electric Batteries in the world. At the same year, Electric Batteries was the 88th most exported product in Sweden. The main destination of Electric Batteries exports from Sweden are: Norway ($60.3M), Denmark ($35.6M), United States ($28.4M), Italy ($27.4M), and Finland ($27.2M).

The fastest growing export markets for Electric Batteries of Sweden between 2021 and 2022 were Kuwait ($10.9M), Canada ($7.14M), and Poland ($6.47M).

Imports In 2022, Sweden imported $1.05B in Electric Batteries, becoming the 28th largest importer of Electric Batteries in the world. At the same year, Electric Batteries was the 23rd most imported product in Sweden. Sweden imports Electric Batteries primarily from: China ($333M), Germany ($140M), Poland ($123M), Finland ($68M), and Czechia ($66.8M).

The fastest growing import markets in Electric Batteries for Sweden between 2021 and 2022 were China ($181M), Finland ($44.9M), and Czechia ($20.2M).

COMPANIES In 2023, leading companies such as GOODYEAR TIRE & RUBBER CO. (3) and VOLVO GROUP NORTH AMERICA LLC (1) were at the forefront of shipping Electric Batteries from Sweden to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Sweden's Electric Batteries exports accounted up to SEK463M and imports accounted up to SEK1.79B, resulting in a negative trade balance of SEK1.33B. Between January 2023 and January 2024 the exports of Sweden's Electric Batteries have increased by SEK4.15M (0.9%) from SEK459M to SEK463M, while imports increased by SEK532M (42.2%) from SEK1.26B to SEK1.79B.

Destinations In January 2024, Electric Batteries were exported mostly to Norway (SEK72.4M), Finland (SEK56.3M), Italy (SEK46M), Denmark (SEK32.9M), and Poland (SEK30.9M), and were imported mostly from Finland (SEK706M), Germany (SEK302M), Belgium (SEK179M), China (SEK164M), and Poland (SEK116M).

Growth In January 2024, the increase in Electric Batteries's year-by-year exports was explained primarily by an increase in exports to Italy (SEK23.2M or 144%), Germany (SEK18M or 196%), and Australia (SEK15.8M or 762%). In January 2024, the increase in Electric Batteries's year-by-year imports was explained primarily by an increase in imports from Belgium (SEK158M or 969%), Germany (SEK53.9M or 52%), and Poland (SEK41M or 68%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)SEK4.15M(0.9%)

IMPORT GROWTH (January 2023 - January 2024)SEK532M(42.2%)

MAIN EXPORTER (January 2024)undefined463M

MAIN DESTINATION (January 2024)NorwaySEK72.4M

This section shows Electric Batteries'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 Electric Batteries over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$450M

IMPORTS (2022)$1.05B

NET TRADE (2022)-$603M

In 2022, Sweden exported $450M in Electric Batteries. The main destinations of Sweden exports on Electric Batteries were Norway ($60.3M), Denmark ($35.6M), United States ($28.4M), Italy ($27.4M), and Finland ($27.2M).

In 2022, Sweden imported $1.05B in Electric Batteries, mainly from China ($333M), Germany ($140M), Poland ($123M), Finland ($68M), and Czechia ($66.8M).

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