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2022
Exports $373MWorld Rnk 13 / 213
Flag Rnk 102 / 1212
2022
Destination $11.7M United States
2021 - 2022
FASTEST GROWING MARKET $11.7MUnited States
2022
PRODUCT COMPLEXITY IN Interchangeable Tool Parts1.7Rnk 24 / 1025
2022
Imports $249MWorld Rnk 26 / 225
Flag Rnk 153 / 1213
2022
Origin $9.97M Germany
2021 - 2022
FASTEST GROWING ORIGIN $9.97MNetherlands
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $373M in Interchangeable Tool Parts, making it the 13th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 102nd most exported product in Sweden. The main destination of Interchangeable Tool Parts exports from Sweden are: United States ($42.2M), Australia ($37M), South Africa ($29.8M), Norway ($27.7M), and Canada ($26.6M).

The fastest growing export markets for Interchangeable Tool Parts of Sweden between 2021 and 2022 were United States ($11.7M), Chile ($6.15M), and Indonesia ($5.34M).

Imports In 2022, Sweden imported $249M in Interchangeable Tool Parts, becoming the 26th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 153rd most imported product in Sweden. Sweden imports Interchangeable Tool Parts primarily from: Germany ($71.4M), Netherlands ($27.4M), China ($25.4M), Italy ($14.1M), and United States ($13.9M).

The fastest growing import markets in Interchangeable Tool Parts for Sweden between 2021 and 2022 were Netherlands ($9.97M), Austria ($4.26M), and Denmark ($2.01M).

Latest Trends

July 2024

About

Overview In July 2024 Sweden's Interchangeable Tool Parts exports accounted up to SEK221M and imports accounted up to SEK134M, resulting in a positive trade balance of SEK86.5M. Between July 2023 and July 2024 the exports of Sweden's   Interchangeable Tool Parts have decreased by SEK-13.4M (-5.71%) from SEK234M to SEK221M, while imports decreased by SEK-17.1M (-11.3%) from SEK151M to SEK134M.

Destinations In July 2024, Interchangeable Tool Parts were exported mostly to United States (SEK33.2M), Australia (SEK24.7M), South Africa (SEK18.4M), Canada (SEK15.1M), and Belgium (SEK12.1M), and were imported mostly from Germany (SEK34.7M), China (SEK18M), Netherlands (SEK15.6M), United States (SEK8.61M), and Italy (SEK7.4M).

Growth In July 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 July 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 (July 2023 - July 2024)SEK-13.4M(-5.71%)
IMPORT GROWTH (July 2023 - July 2024)SEK-17.1M(-11.3%)
MAIN EXPORTER (July 2024)undefined256M
MAIN DESTINATION (July 2024)United StatesSEK33.2M

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 (2022)$373M
IMPORTS (2022)$249M
NET TRADE (2022)$124M

In 2022, Sweden exported $373M in Interchangeable Tool Parts. The main destinations of Sweden exports on Interchangeable Tool Parts were United States ($42.2M), Australia ($37M), South Africa ($29.8M), Norway ($27.7M), and Canada ($26.6M).

In 2022, Sweden imported $249M in Interchangeable Tool Parts, mainly from Germany ($71.4M), Netherlands ($27.4M), China ($25.4M), Italy ($14.1M), and United States ($13.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
United States$11.7M (38.1%)
Chile$6.15M (108%)
Indonesia$5.34M (105%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Sweden WERE (2021 - 2022):
Australia-$8.17M (-18.1%)
Russia-$7.17M (-74.2%)
South Africa-$3.43M (-10.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Interchangeable Tool Parts were:
China $4.96B
Germany $3.88B
United States $2.11B
In 2022, Sweden's main importing competitors in Interchangeable Tool Parts were:
United States $3.32B
Germany $2.4B
Mexico $1.18B

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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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