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2023
Exports $67.4MWorld Rnk 20 / 221
Flag Rnk 307 / 1210
2023
Destination $4.09M Denmark
2022 - 2023
FASTEST GROWING MARKET $4.09MFrance
2023
PRODUCT COMPLEXITY IN Other Hand Tools1.82Rnk 14 / 1025
2023
Imports $87.5MWorld Rnk 28 / 225
Flag Rnk 333 / 1213
2023
Origin $1.01M Germany
2022 - 2023
FASTEST GROWING ORIGIN $1.01MFrance
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $67.4M in Other Hand Tools, making it the 20th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 307th most exported product in Sweden. The main destination of Other Hand Tools exports from Sweden are: Denmark ($8.34M), Germany ($7.7M), France ($5.97M), Norway ($5.89M), and Belgium ($5.01M).

The fastest growing export markets for Other Hand Tools of Sweden between 2022 and 2023 were France ($4.09M), Estonia ($1.39M), and Belgium ($1.24M).

Imports In 2023, Sweden imported $87.5M in Other Hand Tools, becoming the 28th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 333rd most imported product in Sweden. Sweden imports Other Hand Tools primarily from: Germany ($18.4M), China ($15.7M), Chinese Taipei ($14.8M), Denmark ($5.63M), and Netherlands ($5.11M).

The fastest growing import markets in Other Hand Tools for Sweden between 2022 and 2023 were France ($1.01M), Norway ($404k), and South Korea ($287k).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Other Hand Tools exports accounted up to SEK58.7M and imports accounted up to SEK79.1M, resulting in a negative trade balance of SEK20.5M. Between November 2023 and November 2024 the exports of Sweden's   Other Hand Tools have decreased by SEK-1.98M (-3.26%) from SEK60.7M to SEK58.7M, while imports increased by SEK1.74M (2.25%) from SEK77.4M to SEK79.1M.

Destinations In November 2024, Other Hand Tools were exported mostly to Norway (SEK20.7M), Denmark (SEK9.15M), Finland (SEK5.5M), Germany (SEK3.73M), and Netherlands (SEK3.11M), and were imported mostly from Germany (SEK17.8M), China (SEK13.3M), Chinese Taipei (SEK11.6M), Denmark (SEK5.75M), and Netherlands (SEK4.91M).

Growth In November 2024, the decrease in Other Hand Tools's year-by-year exports was explained primarily by a decrease in exports to Germany (SEK-1.62M or -38.9%), Denmark (SEK-1.42M or -17.6%), and New Zealand (SEK-790k or -99.5%). In November 2024, the increase in Other Hand Tools's year-by-year imports was explained primarily by an increase in imports from Germany (SEK6.51M or 52%), Norway (SEK1.71M or 95%), and India (SEK805k or 45.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK-1.98M(-3.26%)
IMPORT GROWTH (November 2023 - November 2024)SEK1.74M(2.25%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)NorwaySEK20.7M

This section shows Other Hand 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 Other Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$67.4M
IMPORTS (2023)$87.5M
NET TRADE (2023)-$20.1M

In 2023, Sweden exported $67.4M in Other Hand Tools. The main destinations of Sweden exports on Other Hand Tools were Denmark ($8.34M), Germany ($7.7M), France ($5.97M), Norway ($5.89M), and Belgium ($5.01M).

In 2023, Sweden imported $87.5M in Other Hand Tools, mainly from Germany ($18.4M), China ($15.7M), Chinese Taipei ($14.8M), Denmark ($5.63M), and Netherlands ($5.11M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
France$4.09M (218%)
Estonia$1.39M (84.5%)
Belgium$1.24M (33%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Sweden WERE (2022 - 2023):
United States-$2.93M (-47.9%)
Denmark-$2.13M (-20.3%)
Poland-$2.08M (-62.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Other Hand Tools were:
China $3.65B
Germany $905M
Chinese Taipei $812M
In 2023, Sweden's main importing competitors in Other Hand Tools were:
United States $1.46B
Germany $630M
France $472M

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.39M
TOP IMPORT POTENTIALChina+ $6.06M

Other Hand Tools’s highest export potential is United States. With an export gap of $3.39M.   Other Hand Tools’s highest import potential is China with an import gap of $6.06M.

See methodology.

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