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2022
Exports $248kWorld Rnk 60 / 109
Flag Rnk 1076 / 1212
2022
Destination $45k United Kingdom
2021 - 2022
FASTEST GROWING MARKET $45kBelgium
2022
PRODUCT COMPLEXITY IN Wool-2.11Rnk 1004 / 1025
2022
Imports $602kWorld Rnk 47 / 137
Flag Rnk 1090 / 1213
2022
Origin $27.1k New Zealand
2021 - 2022
FASTEST GROWING ORIGIN $27.1kGermany
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $248k in Wool, making it the 60th largest exporter of Wool in the world. At the same year, Wool was the 1076th most exported product in Sweden. The main destination of Wool exports from Sweden are: United Kingdom ($70.6k), Norway ($60.5k), Belgium ($57.7k), Latvia ($30.7k), and Germany ($15.9k).

The fastest growing export markets for Wool of Sweden between 2021 and 2022 were Belgium ($45k), Latvia ($23.7k), and Switzerland ($1.53k).

Imports In 2022, Sweden imported $602k in Wool, becoming the 47th largest importer of Wool in the world. At the same year, Wool was the 1090th most imported product in Sweden. Sweden imports Wool primarily from: New Zealand ($313k), United Kingdom ($122k), Germany ($86.1k), Belgium ($26.2k), and India ($21.4k).

The fastest growing import markets in Wool for Sweden between 2021 and 2022 were Germany ($27.1k), India ($19.7k), and China ($12.5k).

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Wool exports accounted up to SEK51k and imports accounted up to SEK613k, resulting in a negative trade balance of SEK562k. Between May 2023 and May 2024 the exports of Sweden's   Wool have increased by SEK42k (467%) from SEK9k to SEK51k, while imports increased by SEK609k (15.2k%) from SEK4k to SEK613k.

Destinations In May 2024, Wool were exported mostly to United Kingdom (SEK44k) and Norway (SEK7k), and were imported mostly from United Kingdom (SEK450k) and India (SEK163k).

Growth In May 2024, the increase in Wool's year-by-year exports was explained primarily by an increase in exports to United Kingdom (SEK200k or 10k%) and Norway (SEK18k or 164%). In May 2024, the increase in Wool's year-by-year imports was explained primarily by an increase in imports from United Kingdom (SEK93k or 3.1k%) and Norway (SEK22k or 1.1k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK42k(467%)
IMPORT GROWTH (May 2023 - May 2024)SEK609k(15.2k%)
MAIN EXPORTER (May 2024)undefined349k
MAIN DESTINATION (May 2024)United KingdomSEK44k

This section shows Wool'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 Wool over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$248k
IMPORTS (2022)$602k
NET TRADE (2022)-$355k

In 2022, Sweden exported $248k in Wool. The main destinations of Sweden exports on Wool were United Kingdom ($70.6k), Norway ($60.5k), Belgium ($57.7k), Latvia ($30.7k), and Germany ($15.9k).

In 2022, Sweden imported $602k in Wool, mainly from New Zealand ($313k), United Kingdom ($122k), Germany ($86.1k), Belgium ($26.2k), and India ($21.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Belgium$45k (353%)
Latvia$23.7k (338%)
Switzerland$1.53k (147%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Sweden WERE (2021 - 2022):
Norway-$71.9k (-54.3%)
United Kingdom-$37k (-34.4%)
Germany-$34.2k (-68.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Wool were:
Australia $2.22B
South Africa $301M
New Zealand $275M
In 2022, Sweden's main importing competitors in Wool were:
China $2.16B
Italy $223M
India $205M

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Trade Value of Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $20.4k
TOP IMPORT POTENTIALUnited Kingdom+ $30.8k

Wool’s highest export potential is Germany. With an export gap of $20.4k.   Wool’s highest import potential is United Kingdom with an import gap of $30.8k.

See methodology.

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