Wrenches in China

EXPORTS (2018): $1.01B, World Rnk 1 / 161
Flag Rnk 354 / 1218

TOP DESTINATION (2018): $331M, United States

FASTEST GROWING MARKET (2017 - 2018): $36.6M, United States

IMPORTS (2018): $108M, World Rnk 5 / 206
Flag Rnk 619 / 1216

TOP ORIGIN (2018): $63M, Chinese Taipei

FASTEST GROWING ORIGIN (2017 - 2018): $2.44M, Germany

ECONOMIC COMPLEXITY of China (2018): 0.89, Rnk 30 / 137

PRODUCT COMPLEXITY  IN Wrenches (2018): 1.65, Rnk 27 / 1018

Overview: This page contains the latest trade data of Wrenches in China.

Exports: In 2018, China exported $1.01B in Wrenches, making it the 1st largest exporter of Wrenches in the world. At the same year, Wrenches was the 354th most exported product in China. The main destination of Wrenches exports from China are: United States ($331M), Canada ($46.2M), Germany ($34.3M), France ($31.8M), and Poland ($30.1M).

The fastest growing export markets for Wrenches of China between 2017 and 2018 were United States ($36.6M), India ($7.61M), and Indonesia ($7.02M).

Imports: In 2018, China imported $108M in Wrenches, becoming the 5th largest importer of Wrenches in the world. At the same year, Wrenches was the 619th most imported product in China. China imports Wrenches primarily from: Chinese Taipei ($63M), Germany ($13.2M), United States ($10M), Japan ($7.64M), and Italy ($2.79M).

The fastest growing import markets in Wrenches for China between 2017 and 2018 were Germany ($2.44M), United States ($1.63M), and India ($935k).

Tariffs: In 2018, the average tariff for China in Wrenches was 8%. The countries with the highest import tariffs for Wrenches were Taiwan (10.3%), Burkina Faso (10.2%), Botswana (10.2%), Cote d'Ivoire (10.2%), and Cameroon (10.2%).

Overview: In July 2020 China's Wrenches exports accounted up to $90.8M and imports accounted up to $10.1M, resulting in a positive trade balance of $80.8M. Between July 2019 and July 2020 the exports of China's   Wrenches have increased by $3.54M (4.06%) from $87.3M to $90.8M, while imports increased by $207k (2.1%) from $9.87M to $10.1M.

Destinations: In July 2020 Wrenches exported mostly to United States ($30.8M), Canada ($3.96M), Russia ($3.34M), Taiwan ($3.33M), and Indonesia ($2.69M), and imported mostly from Taiwan ($6.45M), Germany ($918k), Japan ($726k), United States ($591k), and Italy ($442k).

Growth: In July 2020, the increase in Wrenches's year-by-year exports was explained primarily by an increase in exports to Germany ($1.81M or 100%), Indonesia ($1.69M or 95.9%), and Thailand ($1.21M or 87.4%). In July 2020, the increase in Wrenches's year-by-year imports was explained primarily by an increase in imports from Taiwan ($1.93M or 29.8%), China ($100k or 45.5%), and Poland ($50.2k or 1.95k%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): $3.54M, (4.06%)

IMPORT GROWTH (July 2019 - July 2020): $207k, (2.1%)

MAIN EXPORTER (July 2020): Zhejiang Province, $38.5M

MAIN DESTINATION (July 2020): United States, $30.8M

This section shows Wrenches's exports and imports data at subnational level for China. 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.

Value

EXPORTS (2018): $1.01B

IMPORTS (2018): $108M

NET TRADE (2018): $905M

In 2018, China exported $1.01B in Wrenches. The main destinations of China exports on Wrenches were United States ($331M), Canada ($46.2M), Germany ($34.3M), France ($31.8M), and Poland ($30.1M).

In 2018, China imported $108M in Wrenches, mainly from Chinese Taipei ($63M), Germany ($13.2M), United States ($10M), Japan ($7.64M), and Italy ($2.79M).

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IN 2018, China HAD A POSITIVE NET TRADE IN Wrenches WITH:

  • United States, $321M ($331M - $10M)
  • Canada, $46.2M ($46.2M - $45k)
  • France, $31M ($31.8M - $822k)

IN 2018, China HAD A NEGATIVE NET TRADE IN Wrenches WITH:: Chinese Taipei, -$46.9M ($16.1M - $63M)

Flow

THE FASTEST GROWING Wrenches EXPORT MARKETS FOR China WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY China WERE (2017 - 2018):

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Market Concentration

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Type

In 2018, China's main exporting competitors in Wrenches were:

In 2018, China's main importing competitors in Wrenches were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Wrenches in China. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for China in Wrenches was 8%.

The countries with the highest tariffs for Wrenches in China were Taiwan (10.3%), Burkina Faso (10.2%), Botswana (10.2%), Cote d'Ivoire (10.2%), and Cameroon (10.2%).

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