2022
Exports
$19.3MWorld Rnk 20 / 200
Flag Rnk 461 / 1214
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$30.5MWorld Rnk 29 / 219
Flag Rnk 498 / 1214
2022
ECONOMIC COMPLEXITY of Denmark
1.01Rnk 27 / 133

About

Exports In 2022, Denmark exported $19.3M in Wrenches, making it the 20th largest exporter of Wrenches in the world. At the same year, Wrenches was the 461st most exported product in Denmark. The main destination of Wrenches exports from Denmark are: Germany ($10.5M), United Kingdom ($1.16M), Norway ($1.07M), Sweden ($1.05M), and Belgium ($568k).

The fastest growing export markets for Wrenches of Denmark between 2021 and 2022 were Germany ($4.35M), United Kingdom ($733k), and Japan ($204k).

Imports In 2022, Denmark imported $30.5M in Wrenches, becoming the 29th largest importer of Wrenches in the world. At the same year, Wrenches was the 498th most imported product in Denmark. Denmark imports Wrenches primarily from: Germany ($9.64M), Netherlands ($5.19M), Chinese Taipei ($3.76M), Sweden ($3.15M), and China ($2.62M).

The fastest growing import markets in Wrenches for Denmark between 2021 and 2022 were Chinese Taipei ($768k), United Kingdom ($519k), and Norway ($466k).

Latest Trends

Jul 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)$19.3M
IMPORTS (2022)$30.5M
NET TRADE (2022)-$11.2M

In 2022, Denmark exported $19.3M in Wrenches. The main destinations of Denmark exports on Wrenches were Germany ($10.5M), United Kingdom ($1.16M), Norway ($1.07M), Sweden ($1.05M), and Belgium ($568k).

In 2022, Denmark imported $30.5M in Wrenches, mainly from Germany ($9.64M), Netherlands ($5.19M), Chinese Taipei ($3.76M), Sweden ($3.15M), and China ($2.62M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Denmark WERE (2021 - 2022):
Germany$4.35M (70.8%)
United Kingdom$733k (171%)
Japan$204k (94.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Denmark WERE (2021 - 2022):
Sweden-$840k (-44.5%)
Finland-$661k (-72.3%)
China-$377k (-54.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Denmark's main exporting competitors in Wrenches were:
In 2022, 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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