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2022
Exports $1.52MWorld Rnk 24 / 161
Flag Rnk 914 / 1212
2022
Destination $299k Latvia
2021 - 2022
FASTEST GROWING MARKET $299kLatvia
2022
Imports $1.81MWorld Rnk 40 / 207
Flag Rnk 1015 / 1213
2022
Origin $101k China
2021 - 2022
FASTEST GROWING ORIGIN $101kChinese Taipei
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $1.52M in Iron Sewing Needles, making it the 24th largest exporter of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 914th most exported product in Sweden. The main destination of Iron Sewing Needles exports from Sweden are: Latvia ($349k), Norway ($229k), Denmark ($163k), Indonesia ($133k), and Finland ($92.2k).

The fastest growing export markets for Iron Sewing Needles of Sweden between 2021 and 2022 were Latvia ($299k), United Kingdom ($45.2k), and United States ($37.9k).

Imports In 2022, Sweden imported $1.81M in Iron Sewing Needles, becoming the 40th largest importer of Iron Sewing Needles in the world. At the same year, Iron Sewing Needles was the 1015th most imported product in Sweden. Sweden imports Iron Sewing Needles primarily from: China ($420k), India ($287k), Chinese Taipei ($218k), Denmark ($202k), and Germany ($182k).

The fastest growing import markets in Iron Sewing Needles for Sweden between 2021 and 2022 were Chinese Taipei ($101k), China ($98.2k), and France ($19.1k).

Latest Trends

September 2024

About

Overview In September 2024 Sweden's Iron Sewing Needles exports accounted up to SEK711k and imports accounted up to SEK1.28M, resulting in a negative trade balance of SEK564k. Between September 2023 and September 2024 the exports of Sweden's   Iron Sewing Needles have decreased by SEK-149k (-17.3%) from SEK860k to SEK711k, while imports decreased by SEK-48k (-3.63%) from SEK1.32M to SEK1.28M.

Destinations In September 2024, Iron Sewing Needles were exported mostly to Norway (SEK207k), Denmark (SEK144k), Finland (SEK93k), Brazil (SEK69k), and Netherlands (SEK45k), and were imported mostly from India (SEK311k), Norway (SEK197k), United States (SEK170k), Denmark (SEK142k), and Chinese Taipei (SEK119k).

Growth In September 2024, the decrease in Iron Sewing Needles's year-by-year exports was explained primarily by a decrease in exports to Finland (SEK-46k or -41.1%), Denmark (SEK-39k or -17.6%), and Latvia (SEK-24k or -75%). In September 2024, the decrease in Iron Sewing Needles's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (SEK-360k or -93%), Norway (SEK-98k or -15.8%), and Denmark (SEK-44k or -19.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)SEK-149k(-17.3%)
IMPORT GROWTH (September 2023 - September 2024)SEK-48k(-3.63%)
MAIN EXPORTER (September 2024)undefined1.58M
MAIN DESTINATION (September 2024)NorwaySEK207k

This section shows Iron Sewing Needles'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 Iron Sewing Needles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.52M
IMPORTS (2022)$1.81M
NET TRADE (2022)-$286k

In 2022, Sweden exported $1.52M in Iron Sewing Needles. The main destinations of Sweden exports on Iron Sewing Needles were Latvia ($349k), Norway ($229k), Denmark ($163k), Indonesia ($133k), and Finland ($92.2k).

In 2022, Sweden imported $1.81M in Iron Sewing Needles, mainly from China ($420k), India ($287k), Chinese Taipei ($218k), Denmark ($202k), and Germany ($182k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Sewing Needles EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Latvia$299k (602%)
United Kingdom$45.2k (703%)
United States$37.9k (156%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Sewing Needles BY Sweden WERE (2021 - 2022):
Japan-$334k (-97.7%)
Denmark-$175k (-51.7%)
Malaysia-$153k (-83.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Iron Sewing Needles were:
China $164M
Japan $21.4M
United States $19.9M
In 2022, Sweden's main importing competitors in Iron Sewing Needles were:
United States $49.2M
Indonesia $25.8M
Malaysia $22.4M

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Trade Value of Iron Sewing Needles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $66.5k
TOP IMPORT POTENTIALChina+ $145k

Iron Sewing Needles’s highest export potential is United States. With an export gap of $66.5k.   Iron Sewing Needles’s highest import potential is China with an import gap of $145k.

See methodology.

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