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2023
Exports $32.1MWorld Rnk 14 / 196
Flag Rnk 419 / 1210
2023
Destination $579k Germany
2022 - 2023
FASTEST GROWING MARKET $579kGermany
2023
PRODUCT COMPLEXITY IN Hand Tools0.76Rnk 262 / 1025
2023
Imports $38.2MWorld Rnk 18 / 220
Flag Rnk 511 / 1213
2023
Origin $673k Germany
2022 - 2023
FASTEST GROWING ORIGIN $673kItaly
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $32.1M in Hand Tools, making it the 14th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 419th most exported product in Sweden. The main destination of Hand Tools exports from Sweden are: Germany ($7.07M), United States ($6.36M), Denmark ($2.74M), United Kingdom ($2.55M), and France ($1.5M).

The fastest growing export markets for Hand Tools of Sweden between 2022 and 2023 were Germany ($579k), Denmark ($519k), and France ($315k).

Imports In 2023, Sweden imported $38.2M in Hand Tools, becoming the 18th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 511th most imported product in Sweden. Sweden imports Hand Tools primarily from: Germany ($12.5M), Netherlands ($4.8M), China ($4.22M), Chinese Taipei ($3.37M), and Denmark ($2.03M).

The fastest growing import markets in Hand Tools for Sweden between 2022 and 2023 were Italy ($673k), United Kingdom ($484k), and Poland ($215k).

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

November 2024

About

Overview In November 2024 Sweden's Hand Tools exports accounted up to SEK26.9M and imports accounted up to SEK33.2M, resulting in a negative trade balance of SEK6.36M. Between November 2023 and November 2024 the exports of Sweden's   Hand Tools have decreased by SEK-5.51M (-17%) from SEK32.4M to SEK26.9M, while imports decreased by SEK-5.96M (-15.2%) from SEK39.2M to SEK33.2M.

Destinations In November 2024, Hand Tools were exported mostly to United States (SEK4.71M), Germany (SEK4.45M), Norway (SEK4.2M), Denmark (SEK2.16M), and Finland (SEK1.94M), and were imported mostly from Germany (SEK11.8M), Netherlands (SEK5.05M), China (SEK3.08M), United States (SEK2.6M), and Norway (SEK2.47M).

Growth In November 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 November 2024, the decrease in Hand Tools's year-by-year imports was explained primarily by a decrease in imports from Hong Kong (SEK-577k or -86.2%), Belgium (SEK-411k or -48.8%), and Netherlands (SEK-324k or -7.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK-5.51M(-17%)
IMPORT GROWTH (November 2023 - November 2024)SEK-5.96M(-15.2%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)United StatesSEK4.71M

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 (2023)$32.1M
IMPORTS (2023)$38.2M
NET TRADE (2023)-$6.18M

In 2023, Sweden exported $32.1M in Hand Tools. The main destinations of Sweden exports on Hand Tools were Germany ($7.07M), United States ($6.36M), Denmark ($2.74M), United Kingdom ($2.55M), and France ($1.5M).

In 2023, Sweden imported $38.2M in Hand Tools, mainly from Germany ($12.5M), Netherlands ($4.8M), China ($4.22M), Chinese Taipei ($3.37M), and Denmark ($2.03M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Germany$579k (8.93%)
Denmark$519k (23.4%)
France$315k (26.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Sweden WERE (2022 - 2023):
United States-$1.77M (-21.8%)
United Kingdom-$269k (-9.55%)
Netherlands-$253k (-17.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Hand Tools were:
China $997M
Germany $448M
Chinese Taipei $235M
In 2023, Sweden's main importing competitors in Hand Tools were:
United States $479M
Germany $204M
France $135M

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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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