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2022
Exports $375MWorld Rnk 31 / 216
Flag Rnk 100 / 1212
2022
Destination $10.5M Germany
2021 - 2022
FASTEST GROWING MARKET $10.5MUnited States
2022
PRODUCT COMPLEXITY IN Electric Motors0.76Rnk 259 / 1025
2022
Imports $940MWorld Rnk 21 / 226
Flag Rnk 33 / 1213
2022
Origin $156M China
2021 - 2022
FASTEST GROWING ORIGIN $156MChina
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $375M in Electric Motors, making it the 31st largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 100th most exported product in Sweden. The main destination of Electric Motors exports from Sweden are: Germany ($65.8M), China ($40.4M), Denmark ($33.2M), United States ($28.4M), and Norway ($20.7M).

The fastest growing export markets for Electric Motors of Sweden between 2021 and 2022 were United States ($10.5M), Chinese Taipei ($9.62M), and Belgium ($6.48M).

Imports In 2022, Sweden imported $940M in Electric Motors, becoming the 21st largest importer of Electric Motors in the world. At the same year, Electric Motors was the 33rd most imported product in Sweden. Sweden imports Electric Motors primarily from: China ($302M), Germany ($190M), Serbia ($122M), Spain ($36.3M), and Netherlands ($33.7M).

The fastest growing import markets in Electric Motors for Sweden between 2021 and 2022 were China ($156M), Serbia ($44.3M), and Germany ($25.2M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (1) were at the forefront of shipping Electric Motors from Sweden to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Electric Motors exports accounted up to SEK949M and imports accounted up to SEK971M, resulting in a negative trade balance of SEK22.4M. Between May 2023 and May 2024 the exports of Sweden's   Electric Motors have increased by SEK515M (119%) from SEK434M to SEK949M, while imports increased by SEK197M (25.5%) from SEK774M to SEK971M.

Destinations In May 2024, Electric Motors were exported mostly to United States (SEK410M), Belgium (SEK126M), Germany (SEK73.4M), Italy (SEK58M), and Poland (SEK38M), and were imported mostly from Slovakia (SEK251M), Serbia (SEK137M), Germany (SEK127M), China (SEK119M), and Belgium (SEK112M).

Growth In May 2024, the increase in Electric Motors's year-by-year exports was explained primarily by an increase in exports to China (SEK61M or 292%), United States (SEK55.6M or 167%), and Germany (SEK30.8M or 109%). In May 2024, the increase in Electric Motors's year-by-year imports was explained primarily by an increase in imports from China (SEK67.9M or 50.8%), Germany (SEK65.1M or 83.9%), and Serbia (SEK16M or 32%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK515M(119%)
IMPORT GROWTH (May 2023 - May 2024)SEK197M(25.5%)
MAIN EXPORTER (May 2024)undefined949M
MAIN DESTINATION (May 2024)United StatesSEK410M

This section shows Electric Motors'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 Motors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$375M
IMPORTS (2022)$940M
NET TRADE (2022)-$565M

In 2022, Sweden exported $375M in Electric Motors. The main destinations of Sweden exports on Electric Motors were Germany ($65.8M), China ($40.4M), Denmark ($33.2M), United States ($28.4M), and Norway ($20.7M).

In 2022, Sweden imported $940M in Electric Motors, mainly from China ($302M), Germany ($190M), Serbia ($122M), Spain ($36.3M), and Netherlands ($33.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
United States$10.5M (59.1%)
Chinese Taipei$9.62M (1.08k%)
Belgium$6.48M (53.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Sweden WERE (2021 - 2022):
China-$32.8M (-44.8%)
Saudi Arabia-$16.3M (-74.6%)
Norway-$5.38M (-20.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Sweden's main importing competitors in Electric Motors were:
United States $12.1B
Germany $7.08B
China $4.2B

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Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $26.2M
TOP IMPORT POTENTIALChina+ $35.2M

Electric Motors’s highest export potential is United States. With an export gap of $26.2M.   Electric Motors’s highest import potential is China with an import gap of $35.2M.

See methodology.

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