Hand Tools in Sweden | The Observatory of Economic Complexity

About

Exports In 2022, Sweden exported $32.8M in Hand Tools, making it the 15th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 440th most exported product in Sweden. The main destination of Hand Tools exports from Sweden are: United States ($8.8M), Germany ($4.99M), Norway ($4.46M), Denmark ($2.29M), and Finland ($1.69M).

The fastest growing export markets for Hand Tools of Sweden between 2021 and 2022 were United Kingdom ($350k), United States ($264k), and Switzerland ($140k).

Imports In 2022, Sweden imported $38.2M in Hand Tools, becoming the 20th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 529th most imported product in Sweden. Sweden imports Hand Tools primarily from: Germany ($14.1M), Netherlands ($5.11M), China ($4.87M), Chinese Taipei ($3.27M), and United States ($1.8M).

The fastest growing import markets in Hand Tools for Sweden between 2021 and 2022 were China ($488k), India ($176k), and Finland ($169k).

COMPANIES In 2023, leading companies such as JOHN DEERE COMMERCIAL PRODUCTS (4) and ABB MOTORS AND MECHANICAL INC (2) were at the forefront of shipping Hand Tools from Sweden to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Sweden's Hand Tools exports accounted up to SEK29.6M and imports accounted up to SEK31.3M, resulting in a negative trade balance of SEK1.7M. Between January 2023 and January 2024 the exports of Sweden's Hand Tools have increased by SEK420k (1.44%) from SEK29.2M to SEK29.6M, while imports decreased by SEK-4.48M (-12.5%) from SEK35.8M to SEK31.3M.

Destinations In January 2024, Hand Tools were exported mostly to United States (SEK6.23M), Norway (SEK5.16M), Germany (SEK4.2M), Denmark (SEK2.93M), and Finland (SEK1.77M), and were imported mostly from Germany (SEK11.8M), Netherlands (SEK5.62M), China (SEK3.09M), Chinese Taipei (SEK2.08M), and Denmark (SEK1.96M).

Growth In January 2024, the increase in Hand Tools's year-by-year exports was explained primarily by an increase in exports to France (SEK1.01M or 227%), Switzerland (SEK647k or 2.94k%), and Denmark (SEK473k or 23.3%). In January 2024, the decrease in Hand Tools's year-by-year imports was explained primarily by a decrease in imports from Hong Kong (SEK-577k or -86.2%), Belgium (SEK-411k or -48.8%), and Netherlands (SEK-324k or -7.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)SEK420k(1.44%)

IMPORT GROWTH (January 2023 - January 2024)SEK-4.48M(-12.5%)

MAIN EXPORTER (January 2024)undefined29.6M

MAIN DESTINATION (January 2024)United StatesSEK6.23M

This section shows 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 Hand Tools over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$32.8M

IMPORTS (2022)$38.2M

NET TRADE (2022)-$5.4M

In 2022, Sweden exported $32.8M in Hand Tools. The main destinations of Sweden exports on Hand Tools were United States ($8.8M), Germany ($4.99M), Norway ($4.46M), Denmark ($2.29M), and Finland ($1.69M).

In 2022, Sweden imported $38.2M in Hand Tools, mainly from Germany ($14.1M), Netherlands ($5.11M), China ($4.87M), Chinese Taipei ($3.27M), and United States ($1.8M).

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