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2023
Exports $116MWorld Rnk 46 / 219
Flag Rnk 229 / 1210
2023
Destination $3.85M Denmark
2022 - 2023
FASTEST GROWING MARKET $3.85MSouth Korea
2023
PRODUCT COMPLEXITY IN Knit Sweaters-1.3Rnk 900 / 1025
2023
Imports $563MWorld Rnk 23 / 220
Flag Rnk 62 / 1213
2023
Origin $6.81M China
2022 - 2023
FASTEST GROWING ORIGIN $6.81MPoland
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $116M in Knit Sweaters, making it the 46th largest exporter of Knit Sweaters in the world. At the same year, Knit Sweaters was the 229th most exported product in Sweden. The main destination of Knit Sweaters exports from Sweden are: Denmark ($35.2M), Netherlands ($13.9M), Finland ($10M), Germany ($7.35M), and Italy ($7.3M).

The fastest growing export markets for Knit Sweaters of Sweden between 2022 and 2023 were South Korea ($3.85M), Poland ($1.17M), and Italy ($735k).

Imports In 2023, Sweden imported $563M in Knit Sweaters, becoming the 23rd largest importer of Knit Sweaters in the world. At the same year, Knit Sweaters was the 62nd most imported product in Sweden. Sweden imports Knit Sweaters primarily from: China ($111M), Bangladesh ($101M), Denmark ($75M), Germany ($44.2M), and Netherlands ($43.6M).

The fastest growing import markets in Knit Sweaters for Sweden between 2022 and 2023 were Poland ($6.81M), Spain ($1.56M), and Denmark ($1.12M).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Knit Sweaters exports accounted up to SEK405M and imports accounted up to SEK620M, resulting in a negative trade balance of SEK215M. Between November 2023 and November 2024 the exports of Sweden's   Knit Sweaters have decreased by SEK-4.55M (-1.11%) from SEK409M to SEK405M, while imports increased by SEK47.9M (8.38%) from SEK572M to SEK620M.

Destinations In November 2024, Knit Sweaters were exported mostly to Norway (SEK122M), Germany (SEK64M), Finland (SEK45.6M), Poland (SEK33.8M), and Denmark (SEK30.7M), and were imported mostly from Bangladesh (SEK120M), China (SEK98M), Denmark (SEK62M), Poland (SEK45M), and Germany (SEK42.6M).

Growth In November 2024, the decrease in Knit Sweaters's year-by-year exports was explained primarily by a decrease in exports to Germany (SEK-4.7M or -10.1%), Iceland (SEK-2.32M or -61.4%), and United States (SEK-1.65M or -17.4%). In November 2024, the increase in Knit Sweaters's year-by-year imports was explained primarily by an increase in imports from Denmark (SEK17.1M or 28.5%), Macau (SEK2.43M or 514%), and India (SEK2.42M or 49.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK-4.55M(-1.11%)
IMPORT GROWTH (November 2023 - November 2024)SEK47.9M(8.38%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)NorwaySEK122M

This section shows Knit Sweaters'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 Knit Sweaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$116M
IMPORTS (2023)$563M
NET TRADE (2023)-$447M

In 2023, Sweden exported $116M in Knit Sweaters. The main destinations of Sweden exports on Knit Sweaters were Denmark ($35.2M), Netherlands ($13.9M), Finland ($10M), Germany ($7.35M), and Italy ($7.3M).

In 2023, Sweden imported $563M in Knit Sweaters, mainly from China ($111M), Bangladesh ($101M), Denmark ($75M), Germany ($44.2M), and Netherlands ($43.6M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit Sweaters EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
South Korea$3.85M (734%)
Poland$1.17M (24.9%)
Italy$735k (11.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit Sweaters BY Sweden WERE (2022 - 2023):
Israel-$20.2M (-92.2%)
Denmark-$12M (-25.4%)
Netherlands-$2.15M (-13.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Knit Sweaters were:
China $19.7B
Bangladesh $6.68B
Vietnam $4.31B
In 2023, Sweden's main importing competitors in Knit Sweaters were:
United States $14.9B
Germany $5.42B
Japan $4.39B

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Trade Value of Knit Sweaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $13.9M
TOP IMPORT POTENTIALChina+ $45M

Knit Sweaters’s highest export potential is Germany. With an export gap of $13.9M.   Knit Sweaters’s highest import potential is China with an import gap of $45M.

See methodology.

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