2023
Exports
$1.11BWorld Rnk 32 / 223
Flag Rnk 29 / 1210
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$1.45BWorld Rnk 28 / 225
Flag Rnk 13 / 1213
2023
ECONOMIC COMPLEXITY of Sweden
1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $1.11B in Insulated Wire, making it the 32nd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 29th most exported product in Sweden. The main destination of Insulated Wire exports from Sweden are: Norway ($140M), Denmark ($138M), Germany ($98.4M), Finland ($81.2M), and Canada ($70.8M).

The fastest growing export markets for Insulated Wire of Sweden between 2022 and 2023 were Canada ($63.4M), Denmark ($59.1M), and Norway ($15.8M).

Imports In 2023, Sweden imported $1.45B in Insulated Wire, becoming the 28th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 13th most imported product in Sweden. Sweden imports Insulated Wire primarily from: Germany ($188M), Serbia ($168M), Morocco ($144M), China ($135M), and Poland ($115M).

The fastest growing import markets in Insulated Wire for Sweden between 2022 and 2023 were Serbia ($55.7M), Morocco ($52.1M), and Lithuania ($14.3M).

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

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-15.3M(-0.94%)
IMPORT GROWTH (October 2023 - October 2024)SEK124M(8.38%)
MAIN EXPORTER (October 2024)undefined2.34B
MAIN DESTINATION (October 2024)United KingdomSEK435M

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 (2023)$1.11B
IMPORTS (2023)$1.45B
NET TRADE (2023)-$335M

In 2023, Sweden exported $1.11B in Insulated Wire. The main destinations of Sweden exports on Insulated Wire were Norway ($140M), Denmark ($138M), Germany ($98.4M), Finland ($81.2M), and Canada ($70.8M).

In 2023, Sweden imported $1.45B in Insulated Wire, mainly from Germany ($188M), Serbia ($168M), Morocco ($144M), China ($135M), and Poland ($115M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Canada$63.4M (854%)
Denmark$59.1M (75%)
Norway$15.8M (12.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Sweden WERE (2022 - 2023):
United Kingdom-$18.6M (-23.7%)
Finland-$14.8M (-15.4%)
Estonia-$7.6M (-22.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Insulated Wire were:
In 2023, Sweden's main importing competitors in Insulated Wire were:

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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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