Gas Turbines in Sweden | The Observatory of Economic Complexity

About

Exports In 2022, Sweden exported $1.48B in Gas Turbines, making it the 17th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 24th most exported product in Sweden. The main destination of Gas Turbines exports from Sweden are: United States ($449M), Thailand ($180M), United Kingdom ($94.1M), Germany ($80.5M), and Italy ($65.2M).

The fastest growing export markets for Gas Turbines of Sweden between 2021 and 2022 were United States ($76.8M), Italy ($36.7M), and Argentina ($29.7M).

Imports In 2022, Sweden imported $556M in Gas Turbines, becoming the 35th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 67th most imported product in Sweden. Sweden imports Gas Turbines primarily from: United States ($148M), United Kingdom ($109M), France ($43.8M), Italy ($38.4M), and Germany ($34.6M).

The fastest growing import markets in Gas Turbines for Sweden between 2021 and 2022 were Bulgaria ($22.9M), United States ($21.1M), and Norway ($16.6M).

Latest Trends

January 2024

About

Overview In January 2024 Sweden's Gas Turbines exports accounted up to SEK1.37B and imports accounted up to SEK663M, resulting in a positive trade balance of SEK702M. Between January 2023 and January 2024 the exports of Sweden's Gas Turbines have increased by SEK403M (41.8%) from SEK963M to SEK1.37B, while imports increased by SEK159M (31.5%) from SEK504M to SEK663M.

Destinations In January 2024, Gas Turbines were exported mostly to United States (SEK475M), Australia (SEK164M), China (SEK137M), United Kingdom (SEK133M), and Thailand (SEK117M), and were imported mostly from United States (SEK361M), Germany (SEK56.1M), United Kingdom (SEK39.2M), Hungary (SEK30.1M), and Norway (SEK29.7M).

Growth In January 2024, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to Israel (SEK203M or 725k%), United States (SEK156M or 53.2%), and Italy (SEK97.2M or 10.2k%). In January 2024, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from United States (SEK39.3M or 31.6%), Germany (SEK38.3M or 47.5%), and Norway (SEK37.9M or 1.71k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)SEK403M(41.8%)

IMPORT GROWTH (January 2023 - January 2024)SEK159M(31.5%)

MAIN EXPORTER (January 2024)undefined1.37B

MAIN DESTINATION (January 2024)United StatesSEK475M

This section shows Gas Turbines'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 Gas Turbines over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.48B

IMPORTS (2022)$556M

NET TRADE (2022)$920M

In 2022, Sweden exported $1.48B in Gas Turbines. The main destinations of Sweden exports on Gas Turbines were United States ($449M), Thailand ($180M), United Kingdom ($94.1M), Germany ($80.5M), and Italy ($65.2M).

In 2022, Sweden imported $556M in Gas Turbines, mainly from United States ($148M), United Kingdom ($109M), France ($43.8M), Italy ($38.4M), and Germany ($34.6M).

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