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2022
Exports $27.7MWorld Rnk 17 / 200
Flag Rnk 478 / 1212
2022
Destination $397k Netherlands
2021 - 2022
FASTEST GROWING MARKET $397kUnited States
2022
PRODUCT COMPLEXITY IN Wrenches1.67Rnk 30 / 1025
2022
Imports $48.7MWorld Rnk 20 / 219
Flag Rnk 470 / 1213
2022
Origin $1.27M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $1.27MGermany
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $27.7M in Wrenches, making it the 17th largest exporter of Wrenches in the world. At the same year, Wrenches was the 478th most exported product in Sweden. The main destination of Wrenches exports from Sweden are: Netherlands ($6.73M), Belgium ($4.29M), Norway ($3.9M), Denmark ($3.15M), and Finland ($2.2M).

The fastest growing export markets for Wrenches of Sweden between 2021 and 2022 were United States ($397k), Belgium ($385k), and Germany ($384k).

Imports In 2022, Sweden imported $48.7M in Wrenches, becoming the 20th largest importer of Wrenches in the world. At the same year, Wrenches was the 470th most imported product in Sweden. Sweden imports Wrenches primarily from: Chinese Taipei ($15.1M), Germany ($8.51M), Netherlands ($7.63M), China ($6.11M), and Belgium ($2.11M).

The fastest growing import markets in Wrenches for Sweden between 2021 and 2022 were Germany ($1.27M), Belgium ($610k), and China ($375k).

Latest Trends

August 2024

About

Overview In August 2024 Sweden's Wrenches exports accounted up to SEK26.7M and imports accounted up to SEK41M, resulting in a negative trade balance of SEK14.3M. Between August 2023 and August 2024 the exports of Sweden's   Wrenches have increased by SEK4.4M (19.7%) from SEK22.3M to SEK26.7M, while imports increased by SEK3.51M (9.36%) from SEK37.5M to SEK41M.

Destinations In August 2024, Wrenches were exported mostly to Belgium (SEK10.3M), Netherlands (SEK4.13M), Norway (SEK3.62M), Denmark (SEK2.61M), and Finland (SEK2.22M), and were imported mostly from Germany (SEK11.3M), Chinese Taipei (SEK9.71M), China (SEK6.54M), Netherlands (SEK5.31M), and Denmark (SEK1.82M).

Growth In August 2024, the increase in Wrenches's year-by-year exports was explained primarily by an increase in exports to Netherlands (SEK755k or 26.2%), Brazil (SEK250k or 373%), and France (SEK217k or 140%). In August 2024, the increase in Wrenches's year-by-year imports was explained primarily by an increase in imports from Germany (SEK1.6M or 33.2%), India (SEK890k or 91.8%), and Denmark (SEK655k or 121%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)SEK4.4M(19.7%)
IMPORT GROWTH (August 2023 - August 2024)SEK3.51M(9.36%)
MAIN EXPORTER (August 2024)undefined33.9M
MAIN DESTINATION (August 2024)BelgiumSEK10.3M

This section shows Wrenches'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 Wrenches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$27.7M
IMPORTS (2022)$48.7M
NET TRADE (2022)-$21M

In 2022, Sweden exported $27.7M in Wrenches. The main destinations of Sweden exports on Wrenches were Netherlands ($6.73M), Belgium ($4.29M), Norway ($3.9M), Denmark ($3.15M), and Finland ($2.2M).

In 2022, Sweden imported $48.7M in Wrenches, mainly from Chinese Taipei ($15.1M), Germany ($8.51M), Netherlands ($7.63M), China ($6.11M), and Belgium ($2.11M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
United States$397k (38.8%)
Belgium$385k (9.85%)
Germany$384k (97.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Sweden WERE (2021 - 2022):
Norway-$1.34M (-25.6%)
Netherlands-$1.13M (-14.4%)
Finland-$168k (-7.11%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Wrenches were:
China $1.41B
Chinese Taipei $1.02B
Germany $349M
In 2022, Sweden's main importing competitors in Wrenches were:
United States $923M
Germany $325M
France $152M

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.55M
TOP IMPORT POTENTIALChina+ $2.23M

Wrenches’s highest export potential is United States. With an export gap of $1.55M.   Wrenches’s highest import potential is China with an import gap of $2.23M.

See methodology.

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