2022
Exports
$24.5MWorld Rnk 18 / 200
Flag Rnk 496 / 1208
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$54.9MWorld Rnk 18 / 219
Flag Rnk 451 / 1213
2022
ECONOMIC COMPLEXITY of United Arab Emirates
0.24Rnk 53 / 133

About

Exports In 2022, United Arab Emirates exported $24.5M in Wrenches, making it the 18th largest exporter of Wrenches in the world. At the same year, Wrenches was the 496th most exported product in United Arab Emirates. The main destination of Wrenches exports from United Arab Emirates are: Iraq ($7.49M), Saudi Arabia ($3.4M), China ($2.01M), Zimbabwe ($1.66M), and Chinese Taipei ($1.63M).

The fastest growing export markets for Wrenches of United Arab Emirates between 2021 and 2022 were Iraq ($3.04M), Saudi Arabia ($2.48M), and China ($1.62M).

Imports In 2022, United Arab Emirates imported $54.9M in Wrenches, becoming the 18th largest importer of Wrenches in the world. At the same year, Wrenches was the 451st most imported product in United Arab Emirates. United Arab Emirates imports Wrenches primarily from: China ($24.9M), India ($10.4M), Chinese Taipei ($9.67M), United States ($4.02M), and Germany ($1.72M).

The fastest growing import markets in Wrenches for United Arab Emirates between 2021 and 2022 were China ($9.94M), Chinese Taipei ($3.64M), and India ($2.59M).

COMPANIES In 2023, leading companies such as IKEA Group (8) were at the forefront of shipping Wrenches from United Arab Emirates to the United States.

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
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 Wrenches. 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)$24.5M
IMPORTS (2022)$54.9M
NET TRADE (2022)-$30.4M

In 2022, United Arab Emirates exported $24.5M in Wrenches. The main destinations of United Arab Emirates exports on Wrenches were Iraq ($7.49M), Saudi Arabia ($3.4M), China ($2.01M), Zimbabwe ($1.66M), and Chinese Taipei ($1.63M).

In 2022, United Arab Emirates imported $54.9M in Wrenches, mainly from China ($24.9M), India ($10.4M), Chinese Taipei ($9.67M), United States ($4.02M), and Germany ($1.72M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR United Arab Emirates WERE (2021 - 2022):
Iraq$3.04M (68.3%)
Saudi Arabia$2.48M (269%)
China$1.62M (420%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY United Arab Emirates WERE (2021 - 2022):
Kuwait-$160k (-64.7%)
Belgium-$94.8k (-77.3%)
Ethiopia-$93.5k (-82.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, United Arab Emirates's main exporting competitors in Wrenches were:
In 2022, United Arab Emirates's main importing competitors in Wrenches were:

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $553k
TOP IMPORT POTENTIALGermany+ $775k

Wrenches’s highest export potential is United States. With an export gap of $553k.   Wrenches’s highest import potential is Germany with an import gap of $775k.

See methodology.

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