Drilling Machines in Sweden | The Observatory of Economic Complexity

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Exports In 2022, Sweden exported $9.47M in Drilling Machines, making it the 25th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 651st most exported product in Sweden. The main destination of Drilling Machines exports from Sweden are: Norway ($1.44M), Saudi Arabia ($1.08M), Netherlands ($665k), United States ($569k), and Germany ($553k).

The fastest growing export markets for Drilling Machines of Sweden between 2021 and 2022 were Saudi Arabia ($1.06M), Netherlands ($408k), and Latvia ($405k).

Imports In 2022, Sweden imported $31.3M in Drilling Machines, becoming the 27th largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 575th most imported product in Sweden. Sweden imports Drilling Machines primarily from: Spain ($11.4M), Germany ($9.78M), China ($1.78M), Italy ($1.73M), and Denmark ($1.08M).

The fastest growing import markets in Drilling Machines for Sweden between 2021 and 2022 were Spain ($8.12M), China ($435k), and Chinese Taipei ($346k).

COMPANIES In 2023, leading companies such as VOLVO GROUP NORTH AMERICA LLC (5) were at the forefront of shipping Drilling Machines from Sweden to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Sweden's Drilling Machines exports accounted up to SEK5.57M and imports accounted up to SEK7.28M, resulting in a negative trade balance of SEK1.71M. Between January 2023 and January 2024 the exports of Sweden's Drilling Machines have decreased by SEK-3.63M (-39.5%) from SEK9.2M to SEK5.57M, while imports increased by SEK1.01M (16%) from SEK6.27M to SEK7.28M.

Destinations In January 2024, Drilling Machines were exported mostly to Norway (SEK2.03M), Turkey (SEK1.05M), Ireland (SEK913k), Austria (SEK469k), and United States (SEK220k), and were imported mostly from Germany (SEK4.5M), China (SEK870k), Norway (SEK630k), Italy (SEK358k), and Netherlands (SEK278k).

Growth In January 2024, the decrease in Drilling Machines's year-by-year exports was explained primarily by a decrease in exports to Poland (SEK-184k or -62.6%), Finland (SEK-122k or -27.5%), and Ireland (SEK-91k or -29.8%). In January 2024, the increase in Drilling Machines's year-by-year imports was explained primarily by an increase in imports from Finland (SEK153k or 106%), Denmark (SEK143k or 298%), and Norway (SEK104k or 217%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)SEK-3.63M(-39.5%)

IMPORT GROWTH (January 2023 - January 2024)SEK1.01M(16%)

MAIN EXPORTER (January 2024)undefined5.57M

MAIN DESTINATION (January 2024)NorwaySEK2.03M

This section shows Drilling 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 Drilling Machines over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$9.47M

IMPORTS (2022)$31.3M

NET TRADE (2022)-$21.8M

In 2022, Sweden exported $9.47M in Drilling Machines. The main destinations of Sweden exports on Drilling Machines were Norway ($1.44M), Saudi Arabia ($1.08M), Netherlands ($665k), United States ($569k), and Germany ($553k).

In 2022, Sweden imported $31.3M in Drilling Machines, mainly from Spain ($11.4M), Germany ($9.78M), China ($1.78M), Italy ($1.73M), and Denmark ($1.08M).

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