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2018
Exports $131MWorld Rnk 24 / 209
Flag Rnk 230 / 1212
2018
Destination $2.07M Norway
2021 - 2022
FASTEST GROWING MARKET $2.07MChinese Taipei
2022
PRODUCT COMPLEXITY IN Padlocks0.82Rnk 236 / 1025
2018
Imports $239MWorld Rnk 16 / 223
Flag Rnk 159 / 1213
2018
Origin $12.7M Finland
2021 - 2022
FASTEST GROWING ORIGIN $12.7MVietnam
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2018, Sweden exported $131M in Padlocks, making it the 24th largest exporter of Padlocks in the world. At the same year, Padlocks was the 230th most exported product in Sweden. The main destination of Padlocks exports from Sweden are: Norway ($39.5M), Denmark ($18.9M), United States ($9.96M), Germany ($7.12M), and United Kingdom ($7.02M).

The fastest growing export markets for Padlocks of Sweden between 2021 and 2022 were Chinese Taipei ($2.07M), Poland ($1.05M), and Australia ($834k).

Imports In 2022, Sweden imported $239M in Padlocks, becoming the 16th largest importer of Padlocks in the world. At the same year, Padlocks was the 159th most imported product in Sweden. Sweden imports Padlocks primarily from: Finland ($38.2M), China ($37.1M), Czechia ($36.5M), Germany ($20.3M), and Romania ($13.9M).

The fastest growing import markets in Padlocks for Sweden between 2021 and 2022 were Vietnam ($12.7M), Chinese Taipei ($2.66M), and Germany ($1.66M).

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Padlocks exports accounted up to SEK129M and imports accounted up to SEK171M, resulting in a negative trade balance of SEK41.2M. Between May 2023 and May 2024 the exports of Sweden's   Padlocks have increased by SEK17.2M (15.3%) from SEK112M to SEK129M, while imports increased by SEK4.16M (2.5%) from SEK166M to SEK171M.

Destinations In May 2024, Padlocks were exported mostly to Norway (SEK52.3M), Denmark (SEK18.9M), United States (SEK8.43M), United Kingdom (SEK7.26M), and Finland (SEK5.36M), and were imported mostly from Czechia (SEK31.7M), China (SEK29.2M), Finland (SEK17.1M), Vietnam (SEK13.4M), and Germany (SEK13M).

Growth In May 2024, the increase in Padlocks's year-by-year exports was explained primarily by an increase in exports to Norway (SEK7.35M or 25.2%), Denmark (SEK4.22M or 26.1%), and Hungary (SEK3.22M or 303%). In May 2024, the increase in Padlocks's year-by-year imports was explained primarily by an increase in imports from United Kingdom (SEK16.5M or 907%), Vietnam (SEK12.4M or 144%), and Finland (SEK8.48M or 42.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK17.2M(15.3%)
IMPORT GROWTH (May 2023 - May 2024)SEK4.16M(2.5%)
MAIN EXPORTER (May 2024)undefined149M
MAIN DESTINATION (May 2024)NorwaySEK52.3M

This section shows Padlocks'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 Padlocks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$131M
IMPORTS (2022)$239M
NET TRADE (2022)-$108M

In 2022, Sweden exported $131M in Padlocks. The main destinations of Sweden exports on Padlocks were Norway ($39.5M), Denmark ($18.9M), United States ($9.96M), Germany ($7.12M), and United Kingdom ($7.02M).

In 2022, Sweden imported $239M in Padlocks, mainly from Finland ($38.2M), China ($37.1M), Czechia ($36.5M), Germany ($20.3M), and Romania ($13.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Padlocks EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Chinese Taipei$2.07M (1.26k%)
Poland$1.05M (22.6%)
Australia$834k (159%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Padlocks BY Sweden WERE (2021 - 2022):
Denmark-$8.03M (-29.8%)
Estonia-$1.86M (-28.2%)
Finland-$1.68M (-22.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Padlocks were:
China $5.34B
Germany $1.37B
Mexico $1.27B
In 2022, Sweden's main importing competitors in Padlocks were:
United States $3.22B
Germany $1.14B
Mexico $800M

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Trade Value of Padlocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.7M
TOP IMPORT POTENTIALChina+ $13.9M

Padlocks’s highest export potential is United States. With an export gap of $7.7M.   Padlocks’s highest import potential is China with an import gap of $13.9M.

See methodology.

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