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2022
Exports $132MWorld Rnk 24 / 206
Flag Rnk 227 / 1212
2022
Destination $4.67M Norway
2021 - 2022
FASTEST GROWING MARKET $4.67MFinland
2022
PRODUCT COMPLEXITY IN Bi-Wheel Vehicle Parts0.9Rnk 210 / 1025
2022
Imports $193MWorld Rnk 37 / 220
Flag Rnk 196 / 1213
2022
Origin $8.96M China
2021 - 2022
FASTEST GROWING ORIGIN $8.96MNetherlands
2022
ECONOMIC COMPLEXITY of Sweden1.49Rnk 9 / 133

About

Exports In 2022, Sweden exported $132M in Bi-Wheel Vehicle Parts, making it the 24th largest exporter of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 227th most exported product in Sweden. The main destination of Bi-Wheel Vehicle Parts exports from Sweden are: Norway ($15.7M), United States ($13.4M), Finland ($12.2M), Japan ($11.8M), and Germany ($9.62M).

The fastest growing export markets for Bi-Wheel Vehicle Parts of Sweden between 2021 and 2022 were Finland ($4.67M), Japan ($4.59M), and United Kingdom ($1.14M).

Imports In 2022, Sweden imported $193M in Bi-Wheel Vehicle Parts, becoming the 37th largest importer of Bi-Wheel Vehicle Parts in the world. At the same year, Bi-Wheel Vehicle Parts was the 196th most imported product in Sweden. Sweden imports Bi-Wheel Vehicle Parts primarily from: China ($41.9M), Chinese Taipei ($22.6M), Germany ($21.4M), Netherlands ($19M), and Denmark ($14.8M).

The fastest growing import markets in Bi-Wheel Vehicle Parts for Sweden between 2021 and 2022 were Netherlands ($8.96M), China ($6.09M), and Chinese Taipei ($4.69M).

COMPANIES In 2023, leading companies such as Volvo (16) were at the forefront of shipping Bi-Wheel Vehicle Parts from Sweden to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Sweden's Bi-Wheel Vehicle Parts exports accounted up to SEK128M and imports accounted up to SEK125M, resulting in a positive trade balance of SEK3.37M. Between May 2023 and May 2024 the exports of Sweden's   Bi-Wheel Vehicle Parts have increased by SEK21.3M (19.9%) from SEK107M to SEK128M, while imports decreased by SEK-54.9M (-30.5%) from SEK180M to SEK125M.

Destinations In May 2024, Bi-Wheel Vehicle Parts were exported mostly to United States (SEK23.5M), Norway (SEK15.5M), Netherlands (SEK14.4M), Japan (SEK14.2M), and Germany (SEK9.26M), and were imported mostly from Denmark (SEK29.4M), China (SEK19.7M), Netherlands (SEK13.1M), Chinese Taipei (SEK10.7M), and Germany (SEK8.54M).

Growth In May 2024, the increase in Bi-Wheel Vehicle Parts's year-by-year exports was explained primarily by an increase in exports to Japan (SEK10M or 119%), United Kingdom (SEK3.26M or 78%), and United States (SEK2.5M or 16.7%). In May 2024, the decrease in Bi-Wheel Vehicle Parts's year-by-year imports was explained primarily by a decrease in imports from Netherlands (SEK-11.5M or -54%), Czechia (SEK-5.69M or -49.5%), and Denmark (SEK-4.32M or -32.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)SEK21.3M(19.9%)
IMPORT GROWTH (May 2023 - May 2024)SEK-54.9M(-30.5%)
MAIN EXPORTER (May 2024)undefined128M
MAIN DESTINATION (May 2024)United StatesSEK23.5M

This section shows Bi-Wheel Vehicle Parts'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 Bi-Wheel Vehicle Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$132M
IMPORTS (2022)$193M
NET TRADE (2022)-$61.3M

In 2022, Sweden exported $132M in Bi-Wheel Vehicle Parts. The main destinations of Sweden exports on Bi-Wheel Vehicle Parts were Norway ($15.7M), United States ($13.4M), Finland ($12.2M), Japan ($11.8M), and Germany ($9.62M).

In 2022, Sweden imported $193M in Bi-Wheel Vehicle Parts, mainly from China ($41.9M), Chinese Taipei ($22.6M), Germany ($21.4M), Netherlands ($19M), and Denmark ($14.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bi-Wheel Vehicle Parts EXPORT MARKETS FOR Sweden WERE (2021 - 2022):
Finland$4.67M (62.3%)
Japan$4.59M (63.5%)
United Kingdom$1.14M (29.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bi-Wheel Vehicle Parts BY Sweden WERE (2021 - 2022):
France-$4.79M (-48.5%)
Netherlands-$3.14M (-25%)
Italy-$2.63M (-21.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Sweden's main exporting competitors in Bi-Wheel Vehicle Parts were:
China $12B
Chinese Taipei $5.97B
Japan $2.21B
In 2022, Sweden's main importing competitors in Bi-Wheel Vehicle Parts were:
Germany $4.18B
United States $2.41B
Netherlands $1.58B

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Trade Value of Bi-Wheel Vehicle Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.66M
TOP IMPORT POTENTIALChina+ $17.1M

Bi-Wheel Vehicle Parts’s highest export potential is Germany. With an export gap of $6.66M.   Bi-Wheel Vehicle Parts’s highest import potential is China with an import gap of $17.1M.

See methodology.

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