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2022
Exports $1.42BWorld Rnk 28 / 222
Flag Rnk 25 / 1212
2022
Destination $136M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $136MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Insulated Wire-0.59Rnk 723 / 1025
2022
Imports $1.43BWorld Rnk 27 / 225
Flag Rnk 14 / 1213
2022
Origin $13.2M Germany
2021 - 2022
FASTEST GROWING ORIGIN $13.2MFinland
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $1.42B in Insulated Wire, making it the 28th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 25th most exported product in Sweden. The main destination of Insulated Wire exports from Sweden are: United Kingdom ($280M), Norway ($176M), Germany ($169M), Finland ($121M), and Denmark ($115M).

The fastest growing export markets for Insulated Wire of Sweden between 2021 and 2022 were United Kingdom ($136M), Greece ($28.2M), and Finland ($14.3M).

Imports In 2022, Sweden imported $1.43B in Insulated Wire, becoming the 27th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 14th most imported product in Sweden. Sweden imports Insulated Wire primarily from: Germany ($190M), China ($156M), Poland ($141M), Serbia ($113M), and Finland ($88.2M).

The fastest growing import markets in Insulated Wire for Sweden between 2021 and 2022 were Finland ($13.2M), Netherlands ($9.73M), and Serbia ($8.92M).

COMPANIES In 2023, leading companies such as NOURYON FUNCTIONAL CHEMICALS LLC (2) were at the forefront of shipping Insulated Wire from Sweden to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Sweden's Insulated Wire exports accounted up to SEK2.32B and imports accounted up to SEK892M, resulting in a positive trade balance of SEK1.42B. Between July 2023 and July 2024 the exports of Sweden's   Insulated Wire have increased by SEK1.57B (209%) from SEK749M to SEK2.32B, while imports decreased by SEK-109M (-10.9%) from SEK1B to SEK892M.

Destinations In July 2024, Insulated Wire were exported mostly to United Kingdom (SEK655M), United States (SEK610M), Germany (SEK374M), Finland (SEK97.7M), and Norway (SEK85.6M), and were imported mostly from Germany (SEK112M), China (SEK99.8M), Serbia (SEK88M), Poland (SEK52.4M), and Netherlands (SEK50.2M).

Growth In July 2024, the increase in Insulated Wire's year-by-year exports was explained primarily by an increase in exports to Germany (SEK140M or 108%), Mexico (SEK47.9M or 1.97k%), and Norway (SEK39.1M or 34.4%). In July 2024, the decrease in Insulated Wire's year-by-year imports was explained primarily by a decrease in imports from China (SEK-50.8M or -33.4%), Austria (SEK-22.7M or -76.9%), and Hungary (SEK-12.3M or -17%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)SEK1.57B(209%)
IMPORT GROWTH (July 2023 - July 2024)SEK-109M(-10.9%)
MAIN EXPORTER (July 2024)undefined2.32B
MAIN DESTINATION (July 2024)United KingdomSEK655M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.42B
IMPORTS (2022)$1.43B
NET TRADE (2022)-$13.9M

In 2022, Sweden exported $1.42B in Insulated Wire. The main destinations of Sweden exports on Insulated Wire were United Kingdom ($280M), Norway ($176M), Germany ($169M), Finland ($121M), and Denmark ($115M).

In 2022, Sweden imported $1.43B in Insulated Wire, mainly from Germany ($190M), China ($156M), Poland ($141M), Serbia ($113M), and Finland ($88.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
United Kingdom$136M (94.2%)
Greece$28.2M (4.85k%)
Finland$14.3M (13.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Sweden WERE (2021 - 2022):
Germany-$97M (-36.5%)
Norway-$79M (-31%)
Russia-$8.67M (-84.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Insulated Wire were:
China $33.9B
Mexico $16.6B
United States $11B
In 2022, Sweden's main importing competitors in Insulated Wire were:
United States $29.8B
Germany $15.4B
Mexico $8.28B

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $53.6M
TOP IMPORT POTENTIALChina+ $88.7M

Insulated Wire’s highest export potential is Germany. With an export gap of $53.6M.   Insulated Wire’s highest import potential is China with an import gap of $88.7M.

See methodology.

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