Insulated Wire in Sweden | The Observatory of Economic Complexity

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Exports In 2022, Sweden exported $1.42B in Insulated Wire, making it the 28th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 25th most exported product in Sweden. The main destination of Insulated Wire exports from Sweden are: United Kingdom ($280M), Norway ($176M), Germany ($169M), Finland ($121M), and Denmark ($115M).

The fastest growing export markets for Insulated Wire of Sweden between 2021 and 2022 were United Kingdom ($136M), Greece ($28.2M), and Finland ($14.3M).

Imports In 2022, Sweden imported $1.43B in Insulated Wire, becoming the 27th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 14th most imported product in Sweden. Sweden imports Insulated Wire primarily from: Germany ($190M), China ($156M), Poland ($141M), Serbia ($113M), and Finland ($88.2M).

The fastest growing import markets in Insulated Wire for Sweden between 2021 and 2022 were Finland ($13.2M), Netherlands ($9.73M), and Serbia ($8.92M).

Latest Trends

January 2024

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Overview In January 2024 Sweden's Insulated Wire exports accounted up to SEK1.07B and imports accounted up to SEK1.3B, resulting in a negative trade balance of SEK228M. Between January 2023 and January 2024 the exports of Sweden's Insulated Wire have decreased by SEK-116M (-9.8%) from SEK1.18B to SEK1.07B, while imports increased by SEK73.1M (5.98%) from SEK1.22B to SEK1.3B.

Destinations In January 2024, Insulated Wire were exported mostly to Germany (SEK256M), Norway (SEK135M), Finland (SEK101M), Denmark (SEK80.1M), and Poland (SEK53.7M), and were imported mostly from Serbia (SEK179M), Morocco (SEK146M), Germany (SEK143M), Lithuania (SEK110M), and China (SEK85.8M).

Growth In January 2024, the decrease in Insulated Wire's year-by-year exports was explained primarily by a decrease in exports to Denmark (SEK-93.6M or -50.5%), United States (SEK-13.7M or -37.5%), and Lithuania (SEK-8.91M or -35.2%). In January 2024, the increase in Insulated Wire's year-by-year imports was explained primarily by an increase in imports from Morocco (SEK51.3M or 76.8%), Serbia (SEK49.7M or 54.8%), and Lithuania (SEK30.1M or 70.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)SEK-116M(-9.8%)

IMPORT GROWTH (January 2023 - January 2024)SEK73.1M(5.98%)

MAIN EXPORTER (January 2024)undefined1.07B

MAIN DESTINATION (January 2024)GermanySEK256M

This section shows Insulated 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 Insulated Wire over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.42B

IMPORTS (2022)$1.43B

NET TRADE (2022)-$13.9M

In 2022, Sweden exported $1.42B in Insulated Wire. The main destinations of Sweden exports on Insulated Wire were United Kingdom ($280M), Norway ($176M), Germany ($169M), Finland ($121M), and Denmark ($115M).

In 2022, Sweden imported $1.43B in Insulated Wire, mainly from Germany ($190M), China ($156M), Poland ($141M), Serbia ($113M), and Finland ($88.2M).

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