2023
Exports
$10.6MWorld Rnk 24 / 196
Flag Rnk 548 / 1210
2023
PRODUCT COMPLEXITY IN Wrenches
1.5Rnk 44 / 1025
2023
Imports
$29.6MWorld Rnk 28 / 221
Flag Rnk 479 / 1213
2023
ECONOMIC COMPLEXITY of Denmark
1.13Rnk 22 / 132

About

Exports In 2023, Denmark exported $10.6M in Wrenches, making it the 24th largest exporter of Wrenches in the world. At the same year, Wrenches was the 548th most exported product in Denmark. The main destination of Wrenches exports from Denmark are: Germany ($1.69M), Belgium ($1.25M), Sweden ($1.2M), United Kingdom ($1.19M), and Australia ($1.02M).

The fastest growing export markets for Wrenches of Denmark between 2022 and 2023 were Belgium ($597k), France ($430k), and United Kingdom ($297k).

Imports In 2023, Denmark imported $29.6M in Wrenches, becoming the 28th largest importer of Wrenches in the world. At the same year, Wrenches was the 479th most imported product in Denmark. Denmark imports Wrenches primarily from: Germany ($9.96M), Netherlands ($5.12M), Sweden ($3.97M), China ($2.22M), and Chinese Taipei ($1.8M).

The fastest growing import markets in Wrenches for Denmark between 2022 and 2023 were Germany ($2.68M), Oman ($358k), and Japan ($345k).

Latest Trends

Dec 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 (2023)$10.6M
IMPORTS (2023)$29.6M
NET TRADE (2023)-$19M

In 2023, Denmark exported $10.6M in Wrenches. The main destinations of Denmark exports on Wrenches were Germany ($1.69M), Belgium ($1.25M), Sweden ($1.2M), United Kingdom ($1.19M), and Australia ($1.02M).

In 2023, Denmark imported $29.6M in Wrenches, mainly from Germany ($9.96M), Netherlands ($5.12M), Sweden ($3.97M), China ($2.22M), and Chinese Taipei ($1.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Denmark WERE (2022 - 2023):
Belgium$597k (91.4%)
France$430k (659%)
United Kingdom$297k (33.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Denmark WERE (2022 - 2023):
Germany-$444k (-20.8%)
Japan-$239k (-41%)
Sweden-$136k (-10.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Denmark's main exporting competitors in Wrenches were:
In 2023, Denmark'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 POTENTIALGermany+ $520k
TOP IMPORT POTENTIALChina+ $1.57M

Wrenches’s highest export potential is Germany. With an export gap of $520k.   Wrenches’s highest import potential is China with an import gap of $1.57M.

See methodology.

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