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2023
Exports $151MWorld Rnk 22 / 215
Flag Rnk 196 / 1210
2023
Destination $12M Italy
2022 - 2023
FASTEST GROWING MARKET $12MNetherlands
2023
PRODUCT COMPLEXITY IN Bi-Wheel Vehicle Parts0.78Rnk 258 / 1025
2023
Imports $155MWorld Rnk 36 / 224
Flag Rnk 221 / 1213
2023
Origin $3.47M China
2022 - 2023
FASTEST GROWING ORIGIN $3.47MJapan
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $151M in Bi-Wheel Vehicle Parts, making it the 22nd largest exporter of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 196th most exported product in Sweden. The main destination of Bi-Wheel Vehicle Parts exports from Sweden are: Italy ($24.5M), Netherlands ($18.3M), France ($13.8M), United States ($12.8M), and Finland ($11.1M).

The fastest growing export markets for Bi-Wheel Vehicle Parts of Sweden between 2022 and 2023 were Netherlands ($12M), Italy ($8.43M), and United Kingdom ($2.02M).

Imports In 2023, Sweden imported $155M in Bi-Wheel Vehicle Parts, becoming the 36th largest importer of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 221st most imported product in Sweden. Sweden imports Bi-Wheel Vehicle Parts primarily from: China ($35.5M), Denmark ($18.4M), Chinese Taipei ($16.2M), Germany ($13.6M), and Japan ($13.5M).

The fastest growing import markets in Bi-Wheel Vehicle Parts for Sweden between 2022 and 2023 were Japan ($3.47M), Denmark ($2.93M), and United States ($817k).

COMPANIES In 2023, leading companies such as Volvo (16) were at the forefront of shipping Bi-Wheel Vehicle Parts from Sweden to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Bi-Wheel Vehicle Parts exports accounted up to SEK129M and imports accounted up to SEK130M, resulting in a negative trade balance of SEK502k. Between October 2023 and October 2024 the exports of Sweden's   Bi-Wheel Vehicle Parts have increased by SEK12M (10.2%) from SEK117M to SEK129M, while imports decreased by SEK-12.8M (-8.97%) from SEK142M to SEK130M.

Destinations In October 2024, Bi-Wheel Vehicle Parts were exported mostly to United States (SEK18.5M), Netherlands (SEK18.2M), Norway (SEK14.3M), Japan (SEK10.8M), and Germany (SEK10.6M), and were imported mostly from Denmark (SEK26.4M), China (SEK23.5M), Netherlands (SEK12.9M), Japan (SEK12M), and Germany (SEK10.8M).

Growth In October 2024, the increase in Bi-Wheel Vehicle Parts's year-by-year exports was explained primarily by an increase in exports to Japan (SEK10M or 119%), United Kingdom (SEK3.26M or 78%), and United States (SEK2.5M or 16.7%). In October 2024, the decrease in Bi-Wheel Vehicle Parts's year-by-year imports was explained primarily by a decrease in imports from Netherlands (SEK-11.5M or -54%), Czechia (SEK-5.69M or -49.5%), and Denmark (SEK-4.32M or -32.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK12M(10.2%)
IMPORT GROWTH (October 2023 - October 2024)SEK-12.8M(-8.97%)
MAIN EXPORTER (October 2024)undefined129M
MAIN DESTINATION (October 2024)United StatesSEK18.5M

This section shows Bi-Wheel Vehicle Parts'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 Bi-Wheel Vehicle Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$151M
IMPORTS (2023)$155M
NET TRADE (2023)-$3.68M

In 2023, Sweden exported $151M in Bi-Wheel Vehicle Parts. The main destinations of Sweden exports on Bi-Wheel Vehicle Parts were Italy ($24.5M), Netherlands ($18.3M), France ($13.8M), United States ($12.8M), and Finland ($11.1M).

In 2023, Sweden imported $155M in Bi-Wheel Vehicle Parts, mainly from China ($35.5M), Denmark ($18.4M), Chinese Taipei ($16.2M), Germany ($13.6M), and Japan ($13.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bi-Wheel Vehicle Parts EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Netherlands$12M (187%)
Italy$8.43M (52.4%)
United Kingdom$2.02M (36.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bi-Wheel Vehicle Parts BY Sweden WERE (2022 - 2023):
Denmark-$3.41M (-27.2%)
Norway-$1.58M (-12.7%)
Austria-$1.57M (-48.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Bi-Wheel Vehicle Parts were:
China $9.13B
Chinese Taipei $3.8B
Japan $1.92B
In 2023, Sweden's main importing competitors in Bi-Wheel Vehicle Parts were:
Germany $3.29B
United States $1.74B
Italy $1.18B

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Trade Value of Bi-Wheel Vehicle Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.66M
TOP IMPORT POTENTIALChina+ $17.1M

Bi-Wheel Vehicle Parts’s highest export potential is Germany. With an export gap of $6.66M.   Bi-Wheel Vehicle Parts’s highest import potential is China with an import gap of $17.1M.

See methodology.

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