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2023
Exports $448MWorld Rnk 5 / 199
Flag Rnk 83 / 1210
2023
Destination $7.08M United States
2022 - 2023
FASTEST GROWING MARKET $7.08MTurkey
2023
PRODUCT COMPLEXITY IN Motor-working Tools1.34Rnk 73 / 1025
2023
Imports $144MWorld Rnk 20 / 225
Flag Rnk 238 / 1213
2023
Origin $3.25M Germany
2022 - 2023
FASTEST GROWING ORIGIN $3.25MNorway
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $448M in Motor-working Tools, making it the 5th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 83rd most exported product in Sweden. The main destination of Motor-working Tools exports from Sweden are: United States ($80.4M), Germany ($59.9M), Belgium ($43.2M), Hungary ($19.1M), and China ($15.6M).

The fastest growing export markets for Motor-working Tools of Sweden between 2022 and 2023 were Turkey ($7.08M), Vietnam ($3.5M), and Ireland ($2.39M).

Imports In 2023, Sweden imported $144M in Motor-working Tools, becoming the 20th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 238th most imported product in Sweden. Sweden imports Motor-working Tools primarily from: Germany ($24.9M), China ($24.4M), Poland ($16.3M), United States ($13.2M), and Norway ($11.1M).

The fastest growing import markets in Motor-working Tools for Sweden between 2022 and 2023 were Norway ($3.25M), United States ($910k), and Finland ($854k).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Motor-working Tools exports accounted up to SEK898M and imports accounted up to SEK308M, resulting in a positive trade balance of SEK590M. Between November 2023 and November 2024 the exports of Sweden's   Motor-working Tools have increased by SEK310M (52.6%) from SEK589M to SEK898M, while imports decreased by SEK-41.4M (-11.8%) from SEK350M to SEK308M.

Destinations In November 2024, Motor-working Tools were exported mostly to Belgium (SEK395M), United States (SEK119M), Norway (SEK55.8M), Germany (SEK52.9M), and Denmark (SEK43.4M), and were imported mostly from China (SEK59.6M), Poland (SEK47.9M), Germany (SEK36.1M), Austria (SEK26.5M), and Belgium (SEK23.9M).

Growth In November 2024, the increase in Motor-working Tools's year-by-year exports was explained primarily by an increase in exports to Germany (SEK19.4M or 36.2%), Belgium (SEK13.1M or 18.4%), and Denmark (SEK12M or 37.3%). In November 2024, the decrease in Motor-working Tools's year-by-year imports was explained primarily by a decrease in imports from Estonia (SEK-31M or -68.5%), Chinese Taipei (SEK-6.43M or -68.1%), and Czechia (SEK-4.16M or -39.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK310M(52.6%)
IMPORT GROWTH (November 2023 - November 2024)SEK-41.4M(-11.8%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)BelgiumSEK395M

This section shows Motor-working 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 Motor-working Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$448M
IMPORTS (2023)$144M
NET TRADE (2023)$305M

In 2023, Sweden exported $448M in Motor-working Tools. The main destinations of Sweden exports on Motor-working Tools were United States ($80.4M), Germany ($59.9M), Belgium ($43.2M), Hungary ($19.1M), and China ($15.6M).

In 2023, Sweden imported $144M in Motor-working Tools, mainly from Germany ($24.9M), China ($24.4M), Poland ($16.3M), United States ($13.2M), and Norway ($11.1M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Turkey$7.08M (195%)
Vietnam$3.5M (79.2%)
Ireland$2.39M (138%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Sweden WERE (2022 - 2023):
United States-$42.2M (-34.4%)
Belgium-$12.4M (-22.3%)
Spain-$8.82M (-54.4%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Motor-working Tools were:
China $3.15B
Germany $1.17B
United States $712M
In 2023, Sweden's main importing competitors in Motor-working Tools were:
United States $1.37B
Germany $482M
Mexico $458M

Explore Visualizations

Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $25.7M
TOP IMPORT POTENTIALChina+ $29.9M

Motor-working Tools’s highest export potential is United States. With an export gap of $25.7M.   Motor-working Tools’s highest import potential is China with an import gap of $29.9M.

See methodology.

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