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2023
Exports $50.6MWorld Rnk 26 / 190
Flag Rnk 346 / 1210
2023
Destination $4M Norway
2022 - 2023
FASTEST GROWING MARKET $4MChina
2023
PRODUCT COMPLEXITY IN Stranded Iron Wire0.24Rnk 479 / 1025
2023
Imports $30.9MWorld Rnk 53 / 222
Flag Rnk 554 / 1213
2023
Origin $1.27M Germany
2022 - 2023
FASTEST GROWING ORIGIN $1.27MUnited Kingdom
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2023, Sweden exported $50.6M in Stranded Iron Wire, making it the 26th largest exporter of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 346th most exported product in Sweden. The main destination of Stranded Iron Wire exports from Sweden are: Norway ($10.8M), United States ($8.25M), Finland ($5.08M), China ($4.45M), and Denmark ($4.01M).

The fastest growing export markets for Stranded Iron Wire of Sweden between 2022 and 2023 were China ($4M), Bulgaria ($904k), and South Korea ($742k).

Imports In 2023, Sweden imported $30.9M in Stranded Iron Wire, becoming the 53rd largest importer of Stranded Iron Wire in the world. At the same year, Stranded Iron Wire was the 554th most imported product in Sweden. Sweden imports Stranded Iron Wire primarily from: Germany ($6.39M), France ($3.41M), United Kingdom ($2.75M), China ($2.55M), and Denmark ($2.52M).

The fastest growing import markets in Stranded Iron Wire for Sweden between 2022 and 2023 were United Kingdom ($1.27M), France ($755k), and Italy ($510k).

Latest Trends

October 2024

About

Overview In October 2024 Sweden's Stranded Iron Wire exports accounted up to SEK51.9M and imports accounted up to SEK30.9M, resulting in a positive trade balance of SEK21M. Between October 2023 and October 2024 the exports of Sweden's   Stranded Iron Wire have decreased by SEK-9.14M (-15%) from SEK61M to SEK51.9M, while imports decreased by SEK-1.55M (-4.76%) from SEK32.5M to SEK30.9M.

Destinations In October 2024, Stranded Iron Wire were exported mostly to Norway (SEK9.69M), Denmark (SEK9.16M), Finland (SEK6.33M), United States (SEK5.76M), and Germany (SEK4.03M), and were imported mostly from United Kingdom (SEK9.15M), China (SEK5.18M), Germany (SEK3.8M), Denmark (SEK2.66M), and France (SEK2.41M).

Growth In October 2024, the decrease in Stranded Iron Wire's year-by-year exports was explained primarily by a decrease in exports to Denmark (SEK-2.52M or -43.6%), Norway (SEK-1.88M or -13.8%), and Poland (SEK-1.38M or -78.3%). In October 2024, the decrease in Stranded Iron Wire's year-by-year imports was explained primarily by a decrease in imports from China (SEK-807k or -24.6%), Finland (SEK-376k or -51.4%), and Italy (SEK-302k or -91.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)SEK-9.14M(-15%)
IMPORT GROWTH (October 2023 - October 2024)SEK-1.55M(-4.76%)
MAIN EXPORTER (October 2024)undefined51.9M
MAIN DESTINATION (October 2024)NorwaySEK9.69M

This section shows Stranded Iron Wire'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 Stranded Iron Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$50.6M
IMPORTS (2023)$30.9M
NET TRADE (2023)$19.7M

In 2023, Sweden exported $50.6M in Stranded Iron Wire. The main destinations of Sweden exports on Stranded Iron Wire were Norway ($10.8M), United States ($8.25M), Finland ($5.08M), China ($4.45M), and Denmark ($4.01M).

In 2023, Sweden imported $30.9M in Stranded Iron Wire, mainly from Germany ($6.39M), France ($3.41M), United Kingdom ($2.75M), China ($2.55M), and Denmark ($2.52M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Stranded Iron Wire EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
China$4M (905%)
Bulgaria$904k (4.69k%)
South Korea$742k (1.89k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Stranded Iron Wire BY Sweden WERE (2022 - 2023):
Norway-$6.31M (-37%)
Finland-$5.76M (-53.1%)
Denmark-$3.46M (-46.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Stranded Iron Wire were:
China $2.52B
South Korea $535M
Germany $448M
In 2023, Sweden's main importing competitors in Stranded Iron Wire were:
United States $1.17B
Germany $393M
Canada $299M

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Trade Value of Stranded Iron Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.18M
TOP IMPORT POTENTIALChina+ $2.57M

Stranded Iron Wire’s highest export potential is United States. With an export gap of $4.18M.   Stranded Iron Wire’s highest import potential is China with an import gap of $2.57M.

See methodology.

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