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2022
Exports $32.8MWorld Rnk 15 / 203
Flag Rnk 440 / 1212
2022
Destination $350k United States
2021 - 2022
FASTEST GROWING MARKET $350kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Hand Tools0.83Rnk 235 / 1025
2022
Imports $38.2MWorld Rnk 20 / 220
Flag Rnk 529 / 1213
2022
Origin $488kN/A
2021 - 2022
FASTEST GROWING ORIGIN $488kChina
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $32.8M in Hand Tools, making it the 15th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 440th most exported product in Sweden. The main destination of Hand Tools exports from Sweden are: United States ($8.8M), Germany ($4.99M), Norway ($4.46M), Denmark ($2.29M), and Finland ($1.69M).

The fastest growing export markets for Hand Tools of Sweden between 2021 and 2022 were United Kingdom ($350k), United States ($264k), and Switzerland ($140k).

Imports In 2022, Sweden imported $38.2M in Hand Tools, becoming the 20th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 529th most imported product in Sweden. Sweden imports Hand Tools primarily from: N/A.

The fastest growing import markets in Hand Tools for Sweden between 2021 and 2022 were China ($488k), India ($176k), and Finland ($169k).

COMPANIES In 2023, leading companies such as John Deere (4) and ABB Motors and Mechanical (1) were at the forefront of shipping Hand Tools from Sweden to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Sweden's Hand Tools exports accounted up to SEK22.7M and imports accounted up to SEK37.1M, resulting in a negative trade balance of SEK14.4M. Between August 2023 and August 2024 the exports of Sweden's   Hand Tools have decreased by SEK-4.51M (-16.6%) from SEK27.2M to SEK22.7M, while imports increased by SEK9.06M (32.4%) from SEK28M to SEK37.1M.

Destinations In August 2024, Hand Tools were exported mostly to Norway (SEK5.05M), United States (SEK2.78M), Denmark (SEK2.62M), Germany (SEK2.54M), and Finland (SEK1.99M), and were imported mostly from Germany (SEK10.4M), Netherlands (SEK5.7M), China (SEK4.55M), Italy (SEK3.25M), and United States (SEK3.04M).

Growth In August 2024, the decrease in Hand Tools's year-by-year exports was explained primarily by a decrease in exports to Germany (SEK-1.74M or -30.7%), China (SEK-332k or -86.7%), and Belgium (SEK-256k or -48.2%). In August 2024, the increase in Hand Tools's year-by-year imports was explained primarily by an increase in imports from Germany (SEK3M or 34.3%), Denmark (SEK2M or 143%), and China (SEK928k or 24.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)SEK-4.51M(-16.6%)
IMPORT GROWTH (August 2023 - August 2024)SEK9.06M(32.4%)
MAIN EXPORTER (August 2024)undefined30.5M
MAIN DESTINATION (August 2024)NorwaySEK5.05M

This section shows Hand Tools'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 Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$32.8M
IMPORTS (2022)$38.2M
NET TRADE (2022)-$5.4M

In 2022, Sweden exported $32.8M in Hand Tools. The main destinations of Sweden exports on Hand Tools were United States ($8.8M), Germany ($4.99M), Norway ($4.46M), Denmark ($2.29M), and Finland ($1.69M).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
United Kingdom$350k (28.7%)
United States$264k (3.1%)
Switzerland$140k (100%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Sweden WERE (2021 - 2022):
Norway-$811k (-15.4%)
Germany-$799k (-13.8%)
Netherlands-$795k (-36.2%)
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Change in Exports by Market (undefined - undefined)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Hand Tools were:
China $1.12B
Germany $462M
Chinese Taipei $202M
In 2022, Sweden's main importing competitors in Hand Tools were:
United States $552M
Germany $197M
France $121M

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $883k
TOP IMPORT POTENTIALChina+ $2.07M

Hand Tools’s highest export potential is United States. With an export gap of $883k.   Hand Tools’s highest import potential is China with an import gap of $2.07M.

See methodology.

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