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2023
Exports $423MWorld Rnk 9 / 212
Flag Rnk 90 / 1210
2023
Destination $4.57M Singapore
2022 - 2023
FASTEST GROWING MARKET $4.57MSouth Africa
2023
PRODUCT COMPLEXITY IN Interchangeable Tool Parts1.77Rnk 16 / 1025
2023
Imports $219MWorld Rnk 28 / 223
Flag Rnk 157 / 1213
2023
Origin $2.74M Germany
2022 - 2023
FASTEST GROWING ORIGIN $2.74MNetherlands
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $423M in Interchangeable Tool Parts, making it the 9th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 90th most exported product in Sweden. The main destination of Interchangeable Tool Parts exports from Sweden are: Singapore ($41.5M), United States ($39.9M), Australia ($38.4M), Canada ($34.8M), and South Africa ($32.9M).

The fastest growing export markets for Interchangeable Tool Parts of Sweden between 2022 and 2023 were South Africa ($4.57M), Greece ($3.1M), and Norway ($3.09M).

Imports In 2023, Sweden imported $219M in Interchangeable Tool Parts, becoming the 28th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 157th most imported product in Sweden. Sweden imports Interchangeable Tool Parts primarily from: Germany ($58.6M), Netherlands ($31.2M), China ($19.7M), United States ($13.6M), and Denmark ($11M).

The fastest growing import markets in Interchangeable Tool Parts for Sweden between 2022 and 2023 were Netherlands ($2.74M), Lithuania ($1.87M), and Latvia ($1.75M).

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Interchangeable Tool Parts exports accounted up to SEK302M and imports accounted up to SEK183M, resulting in a positive trade balance of SEK119M. Between October 2023 and October 2024 the exports of Sweden's   Interchangeable Tool Parts have decreased by SEK-9.18M (-2.94%) from SEK312M to SEK302M, while imports decreased by SEK-34.4M (-15.8%) from SEK218M to SEK183M.

Destinations In October 2024, Interchangeable Tool Parts were exported mostly to South Africa (SEK41M), United States (SEK37.6M), Australia (SEK35.6M), Norway (SEK25.6M), and Canada (SEK17.4M), and were imported mostly from Germany (SEK45M), Netherlands (SEK29.9M), China (SEK13.7M), Belgium (SEK9.48M), and Denmark (SEK9.4M).

Growth In October 2024, the decrease in Interchangeable Tool Parts's year-by-year exports was explained primarily by a decrease in exports to South Africa (SEK-5.8M or -26.8%), Kazakhstan (SEK-3.12M or -52.5%), and Germany (SEK-2.69M or -31.6%). In October 2024, the decrease in Interchangeable Tool Parts's year-by-year imports was explained primarily by a decrease in imports from China (SEK-9.69M or -39.8%), Belgium (SEK-6.9M or -66.1%), and Chinese Taipei (SEK-4.91M or -52.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-9.18M(-2.94%)
IMPORT GROWTH (October 2023 - October 2024)SEK-34.4M(-15.8%)
MAIN EXPORTER (October 2024)undefined302M
MAIN DESTINATION (October 2024)South AfricaSEK41M

This section shows Interchangeable Tool 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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$423M
IMPORTS (2023)$219M
NET TRADE (2023)$204M

In 2023, Sweden exported $423M in Interchangeable Tool Parts. The main destinations of Sweden exports on Interchangeable Tool Parts were Singapore ($41.5M), United States ($39.9M), Australia ($38.4M), Canada ($34.8M), and South Africa ($32.9M).

In 2023, Sweden imported $219M in Interchangeable Tool Parts, mainly from Germany ($58.6M), Netherlands ($31.2M), China ($19.7M), United States ($13.6M), and Denmark ($11M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
South Africa$4.57M (16.2%)
Greece$3.1M (340%)
Norway$3.09M (18.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Sweden WERE (2022 - 2023):
South Korea-$5.96M (-75%)
China-$5.55M (-37.2%)
Russia-$2.49M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Interchangeable Tool Parts were:
China $4.99B
Germany $4.03B
United States $1.99B
In 2023, Sweden's main importing competitors in Interchangeable Tool Parts were:
United States $3.05B
Germany $2.21B
Mexico $1.66B

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Trade Value of Interchangeable Tool Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $18.4M
TOP IMPORT POTENTIALChina+ $12.9M

Interchangeable Tool Parts’s highest export potential is United States. With an export gap of $18.4M.   Interchangeable Tool Parts’s highest import potential is China with an import gap of $12.9M.

See methodology.

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