HS Icon Wrenches in  Flag India

2021
Exports | Imports
: $197M | $37.4M, World Rnk 5 / 204
Flag Rnk 283 / 1214 | World Rnk 25 / 219
Flag Rnk 628 / 1208

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $26.9M | $7.5M, United States |  China

2021
ECONOMIC COMPLEXITY of India
: 0.61, Rnk 41 / 131

2021
PRODUCT COMPLEXITY IN Wrenches
: 1.65, Rnk 31 / 1029

Exports In 2021, India exported $197M in Wrenches, making it the 5th largest exporter of Wrenches in the world. At the same year, Wrenches was the 283rd most exported product in India. The main destination of Wrenches exports from India are: United States ($54.4M), Germany ($19.4M), Brazil ($12.3M), Russia ($11.8M), and United Arab Emirates ($7.74M).

The fastest growing export markets for Wrenches of India between 2020 and 2021 were United States ($26.9M), Russia ($4.57M), and Brazil ($4.45M).

Imports In 2021, India imported $37.4M in Wrenches, becoming the 25th largest importer of Wrenches in the world. At the same year, Wrenches was the 628th most imported product in India. India imports Wrenches primarily from: China ($22.8M), Chinese Taipei ($3.62M), Japan ($2.69M), Germany ($2.39M), and Singapore ($1.15M).

The fastest growing import markets in Wrenches for India between 2020 and 2021 were China ($7.5M), Germany ($961k), and Chinese Taipei ($935k).

Tariffs In 2018, the average tariff for India in Wrenches was 8.19%. The countries with the highest import tariffs for Wrenches were Angola (Most Favoured Nation duty rate treatment, 10%), Botswana (Most Favoured Nation duty rate treatment, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatment, 10%), Cameroon (Most Favoured Nation duty rate treatment, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatment, 10%).

Apr 2023

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 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

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EXPORTS (2021): $197M

IMPORTS (2021): $37.4M

NET TRADE (2021): $159M

In 2021, India exported $197M in Wrenches. The main destinations of India exports on Wrenches were United States ($54.4M), Germany ($19.4M), Brazil ($12.3M), Russia ($11.8M), and United Arab Emirates ($7.74M).

In 2021, India imported $37.4M in Wrenches, mainly from China ($22.8M), Chinese Taipei ($3.62M), Japan ($2.69M), Germany ($2.39M), and Singapore ($1.15M).

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Flow

THE FASTEST GROWING Wrenches EXPORT MARKETS FOR India WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY India WERE (2020 - 2021):

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Market Concentration

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In 2021, India's main exporting competitors in Wrenches were:

In 2021, India's main importing competitors in Wrenches were:

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