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2022
Exports $41.8MWorld Rnk 27 / 190
Flag Rnk 398 / 1212
2022
Destination $1.27M Norway
2021 - 2022
FASTEST GROWING MARKET $1.27MFinland
2022
PRODUCT COMPLEXITY IN Batteries0.69Rnk 280 / 1025
2022
Imports $76.4MWorld Rnk 32 / 225
Flag Rnk 385 / 1213
2022
Origin $3.35M China
2021 - 2022
FASTEST GROWING ORIGIN $3.35MPoland
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $41.8M in Batteries, making it the 27th largest exporter of Batteries in the world. At the same year, Batteries was the 398th most exported product in Sweden. The main destination of Batteries exports from Sweden are: Norway ($12M), Denmark ($11.1M), Finland ($5.08M), Italy ($1.85M), and United Kingdom ($1.47M).

The fastest growing export markets for Batteries of Sweden between 2021 and 2022 were Finland ($1.27M), China ($302k), and United Kingdom ($297k).

Imports In 2022, Sweden imported $76.4M in Batteries, becoming the 32nd largest importer of Batteries in the world. At the same year, Batteries was the 385th most imported product in Sweden. Sweden imports Batteries primarily from: China ($29.9M), Germany ($15.4M), Poland ($9.92M), Netherlands ($5.09M), and France ($2.11M).

The fastest growing import markets in Batteries for Sweden between 2021 and 2022 were Poland ($3.35M), Ireland ($518k), and Japan ($507k).

COMPANIES In 2023, leading companies such as Volvo (11) were at the forefront of shipping Batteries from Sweden to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Batteries exports accounted up to SEK61.1M and imports accounted up to SEK260M, resulting in a negative trade balance of SEK199M. Between May 2023 and May 2024 the exports of Sweden's   Batteries have increased by SEK28.3M (86.4%) from SEK32.8M to SEK61.1M, while imports increased by SEK205M (371%) from SEK55.4M to SEK260M.

Destinations In May 2024, Batteries were exported mostly to United States (SEK34.2M), Norway (SEK8.79M), Denmark (SEK7.44M), Finland (SEK1.78M), and France (SEK1.55M), and were imported mostly from Germany (SEK192M), Italy (SEK12.5M), China (SEK11.6M), Romania (SEK7.43M), and Slovakia (SEK7.27M).

Growth In May 2024, the increase in Batteries's year-by-year exports was explained primarily by an increase in exports to Denmark (SEK4.5M or 97.7%), Norway (SEK933k or 9.26%), and China (SEK614k or 180%). In May 2024, the increase in Batteries's year-by-year imports was explained primarily by an increase in imports from Israel (SEK3.29M or 98.1%), Netherlands (SEK2.37M or 130%), and Austria (SEK1.83M or 297%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK28.3M(86.4%)
IMPORT GROWTH (May 2023 - May 2024)SEK205M(371%)
MAIN EXPORTER (May 2024)undefined61.1M
MAIN DESTINATION (May 2024)United StatesSEK34.2M

This section shows 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 Batteries over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$41.8M
IMPORTS (2022)$76.4M
NET TRADE (2022)-$34.5M

In 2022, Sweden exported $41.8M in Batteries. The main destinations of Sweden exports on Batteries were Norway ($12M), Denmark ($11.1M), Finland ($5.08M), Italy ($1.85M), and United Kingdom ($1.47M).

In 2022, Sweden imported $76.4M in Batteries, mainly from China ($29.9M), Germany ($15.4M), Poland ($9.92M), Netherlands ($5.09M), and France ($2.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Batteries EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Finland$1.27M (33.3%)
China$302k (129%)
United Kingdom$297k (25.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Batteries BY Sweden WERE (2021 - 2022):
Norway-$2.42M (-16.7%)
Denmark-$2.08M (-15.8%)
Netherlands-$1.45M (-50.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Batteries were:
China $2.92B
United States $821M
Singapore $739M
In 2022, Sweden's main importing competitors in Batteries were:
United States $1.23B
Germany $705M
China $386M

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Trade Value of Batteries by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $975k
TOP IMPORT POTENTIALChina+ $3.21M

Batteries’s highest export potential is United States. With an export gap of $975k.   Batteries’s highest import potential is China with an import gap of $3.21M.

See methodology.

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