Cars in Sweden | The Observatory of Economic Complexity

About

Exports In 2022, Sweden exported $11.9B in Cars, making it the 16th largest exporter of Cars in the world. At the same year, Cars was the 2nd most exported product in Sweden. The main destination of Cars exports from Sweden are: United States ($3.4B), Germany ($997M), China ($944M), Denmark ($807M), and Finland ($591M).

The fastest growing export markets for Cars of Sweden between 2021 and 2022 were United States ($573M), Italy ($142M), and Japan ($127M).

Imports In 2022, Sweden imported $9.84B in Cars, becoming the 19th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Sweden. Sweden imports Cars primarily from: Germany ($3.24B), Belgium ($2.48B), Czechia ($613M), South Korea ($483M), and United Kingdom ($434M).

The fastest growing import markets in Cars for Sweden between 2021 and 2022 were Belgium ($217M), Japan ($134M), and Czechia ($76.2M).

COMPANIES In 2023, leading companies such as Volvo (86) were at the forefront of shipping Cars from Sweden to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Sweden's Cars exports accounted up to SEK8.34B and imports accounted up to SEK8.04B, resulting in a positive trade balance of SEK298M. Between July 2023 and July 2024 the exports of Sweden's Cars have decreased by SEK-721M (-7.95%) from SEK9.06B to SEK8.34B, while imports decreased by SEK-1.01B (-11.2%) from SEK9.05B to SEK8.04B.

Destinations In July 2024, Cars were exported mostly to United States (SEK2.12B), Germany (SEK763M), Finland (SEK597M), China (SEK577M), and Denmark (SEK489M), and were imported mostly from Germany (SEK3.11B), Belgium (SEK1.94B), France (SEK525M), Czechia (SEK444M), and Slovakia (SEK419M).

Growth In July 2024, the decrease in Cars's year-by-year exports was explained primarily by a decrease in exports to Netherlands (SEK-105M or -41.2%), Russia (SEK-70.9M or -100%), and Spain (SEK-50.4M or -17.9%). In July 2024, the decrease in Cars's year-by-year imports was explained primarily by a decrease in imports from South Korea (SEK-334M or -51.1%), Finland (SEK-134M or -63.9%), and Spain (SEK-19.3M or -8.66%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)SEK-721M(-7.95%)

IMPORT GROWTH (July 2023 - July 2024)SEK-1.01B(-11.2%)

MAIN EXPORTER (July 2024)undefined15.9B

MAIN DESTINATION (July 2024)United StatesSEK2.12B

This section shows Cars'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 Cars over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$11.9B

IMPORTS (2022)$9.84B

NET TRADE (2022)$2.09B

In 2022, Sweden exported $11.9B in Cars. The main destinations of Sweden exports on Cars were United States ($3.4B), Germany ($997M), China ($944M), Denmark ($807M), and Finland ($591M).

In 2022, Sweden imported $9.84B in Cars, mainly from Germany ($3.24B), Belgium ($2.48B), Czechia ($613M), South Korea ($483M), and United Kingdom ($434M).

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