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2018
Exports $27.5MWorld Rnk 16 / 196
Flag Rnk 451 / 1210
2018
Destination $1.57M Belgium
2022 - 2023
FASTEST GROWING MARKET $1.57MBelgium
2023
PRODUCT COMPLEXITY IN Wrenches1.5Rnk 44 / 1025
2018
Imports $45.2MWorld Rnk 21 / 221
Flag Rnk 478 / 1213
2018
Origin $250k Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $250kFinland
2023
ECONOMIC COMPLEXITY of Sweden1.53Rnk 9 / 132

About

Exports In 2018, Sweden exported $27.5M in Wrenches, making it the 16th largest exporter of Wrenches in the world. At the same year, Wrenches was the 451st most exported product in Sweden. The main destination of Wrenches exports from Sweden are: Belgium ($6.53M), Netherlands ($4.52M), Denmark ($3.97M), United States ($3.39M), and Finland ($1.05M).

The fastest growing export markets for Wrenches of Sweden between 2022 and 2023 were Belgium ($1.57M), Mexico ($353k), and India ($336k).

Imports In 2023, Sweden imported $45.2M in Wrenches, becoming the 21st largest importer of Wrenches in the world. At the same year, Wrenches was the 478th most imported product in Sweden. Sweden imports Wrenches primarily from: Chinese Taipei ($14.5M), Germany ($7.42M), Netherlands ($7.31M), China ($6M), and United States ($1.89M).

The fastest growing import markets in Wrenches for Sweden between 2022 and 2023 were Finland ($250k), United States ($242k), and Jamaica ($91.4k).

Latest Trends

November 2024

About

Overview In November 2024 Sweden's Wrenches exports accounted up to SEK37.3M and imports accounted up to SEK42M, resulting in a negative trade balance of SEK4.73M. Between November 2023 and November 2024 the exports of Sweden's   Wrenches have increased by SEK12.2M (48.7%) from SEK25.1M to SEK37.3M, while imports decreased by SEK-1.49M (-3.43%) from SEK43.5M to SEK42M.

Destinations In November 2024, Wrenches were exported mostly to Belgium (SEK15.6M), Norway (SEK7.1M), Netherlands (SEK3.56M), Denmark (SEK2.95M), and Finland (SEK2.92M), and were imported mostly from Chinese Taipei (SEK13M), Germany (SEK6.9M), Netherlands (SEK6.72M), China (SEK6.1M), and India (SEK1.79M).

Growth In November 2024, the increase in Wrenches's year-by-year exports was explained primarily by an increase in exports to Netherlands (SEK755k or 26.2%), Brazil (SEK250k or 373%), and France (SEK217k or 140%). In November 2024, the decrease in Wrenches's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (SEK-366k or -3.28%), Norway (SEK-304k or -76.4%), and Netherlands (SEK-174k or -2.78%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)SEK12.2M(48.7%)
IMPORT GROWTH (November 2023 - November 2024)SEK-1.49M(-3.43%)
MAIN EXPORTER (November 2024)
MAIN DESTINATION (November 2024)BelgiumSEK15.6M

This section shows Wrenches'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 Wrenches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$27.5M
IMPORTS (2023)$45.2M
NET TRADE (2023)-$17.8M

In 2023, Sweden exported $27.5M in Wrenches. The main destinations of Sweden exports on Wrenches were Belgium ($6.53M), Netherlands ($4.52M), Denmark ($3.97M), United States ($3.39M), and Finland ($1.05M).

In 2023, Sweden imported $45.2M in Wrenches, mainly from Chinese Taipei ($14.5M), Germany ($7.42M), Netherlands ($7.31M), China ($6M), and United States ($1.89M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Sweden WERE (2022 - 2023):
Belgium$1.57M (31.6%)
Mexico$353k (107%)
India$336k (456%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Sweden WERE (2022 - 2023):
Netherlands-$2.16M (-32.3%)
Denmark-$1.34M (-25.2%)
United States-$707k (-17.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Sweden's main exporting competitors in Wrenches were:
China $1.21B
Chinese Taipei $1.01B
Germany $332M
In 2023, Sweden's main importing competitors in Wrenches were:
United States $778M
Germany $289M
France $156M

Explore Visualizations

Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.55M
TOP IMPORT POTENTIALChina+ $2.23M

Wrenches’s highest export potential is United States. With an export gap of $1.55M.   Wrenches’s highest import potential is China with an import gap of $2.23M.

See methodology.

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