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Exports In 2022, Chinese Taipei exported $589M in Wrench sockets, ratchet handles, extensions, spinners, making it the 1st largest exporter of Wrench sockets, ratchet handles, extensions, spinners in the world. At the same year, Wrench sockets, ratchet handles, extensions, spinners was the 93rd most exported product in Chinese Taipei. The main destination of Wrench sockets, ratchet handles, extensions, spinners exports from Chinese Taipei are: United States ($243M), China ($41.8M), Germany ($40.6M), Australia ($31.1M), and Netherlands ($19.6M).

The fastest growing export markets for Wrench sockets, ratchet handles, extensions, spinners of Chinese Taipei between 2021 and 2022 were United States ($20.3M), Australia ($7.19M), and United Arab Emirates ($3.21M).

Imports In 2022, Chinese Taipei imported $7.78M in Wrench sockets, ratchet handles, extensions, spinners, becoming the 34th largest importer of Wrench sockets, ratchet handles, extensions, spinners in the world. At the same year, Wrench sockets, ratchet handles, extensions, spinners was the 1957th most imported product in Chinese Taipei. Chinese Taipei imports Wrench sockets, ratchet handles, extensions, spinners primarily from: China ($4.36M), United Arab Emirates ($723k), United States ($693k), Vietnam ($463k), and Germany ($252k).

The fastest growing import markets in Wrench sockets, ratchet handles, extensions, spinners for Chinese Taipei between 2021 and 2022 were United Arab Emirates ($430k), United States ($207k), and Denmark ($127k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Wrench sockets, ratchet handles, extensions, spinners. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$589M
IMPORTS (2022)$7.78M
NET TRADE (2022)$581M

In 2022, Chinese Taipei exported $589M in Wrench sockets, ratchet handles, extensions, spinners. The main destinations of Chinese Taipei exports on Wrench sockets, ratchet handles, extensions, spinners were United States ($243M), China ($41.8M), Germany ($40.6M), Australia ($31.1M), and Netherlands ($19.6M).

In 2022, Chinese Taipei imported $7.78M in Wrench sockets, ratchet handles, extensions, spinners, mainly from China ($4.36M), United Arab Emirates ($723k), United States ($693k), Vietnam ($463k), and Germany ($252k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrench sockets, ratchet handles, extensions, spinners EXPORT MARKETS FOR Chinese Taipei WERE (2021 - 2022):
United States$20.3M (9.09%)
Australia$7.19M (30%)
United Arab Emirates$3.21M (80.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrench sockets, ratchet handles, extensions, spinners BY Chinese Taipei WERE (2021 - 2022):
Germany-$22.4M (-35.6%)
China-$8.63M (-17.1%)
Spain-$2M (-32.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Chinese Taipei's main exporting competitors in Wrench sockets, ratchet handles, extensions, spinners were:
In 2022, Chinese Taipei's main importing competitors in Wrench sockets, ratchet handles, extensions, spinners were:

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Trade Value of Wrench sockets, ratchet handles, extensions, spinners by Exporters

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