HS Icon Wrenches in  Flag India

2020
Exports | Imports
: $132M | $26.7M, World Rnk 5 / 195
Flag Rnk 304 / 1215 | World Rnk 27 / 219
Flag Rnk 651 / 1207

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $1.08M | $516k, Germany |  France


ECONOMIC COMPLEXITY of India
: 0.56, Rnk 40 / 127


PRODUCT COMPLEXITY  IN Wrenches
: 1.68, Rnk 31 / 1028

Exports In 2020, India exported $132M in Wrenches, making it the 5th largest exporter of Wrenches in the world. At the same year, Wrenches was the 304th most exported product in India. The main destination of Wrenches exports from India are: United States ($27.5M), Germany ($16.8M), Brazil ($7.8M), Russia ($7.23M), and United Arab Emirates ($6.27M).

The fastest growing export markets for Wrenches of India between 2019 and 2020 were Germany ($1.08M), Egypt ($757k), and Austria ($573k).

Imports In 2020, India imported $26.7M in Wrenches, becoming the 27th largest importer of Wrenches in the world. At the same year, Wrenches was the 651st most imported product in India. India imports Wrenches primarily from: China ($15.3M), Chinese Taipei ($2.68M), Japan ($1.92M), Germany ($1.43M), and United States ($1.15M).

The fastest growing import markets in Wrenches for India between 2019 and 2020 were France ($516k), Russia ($224k), and Kuwait ($89.5k).

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 treatement, 10%), Botswana (Most Favoured Nation duty rate treatement, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 10%), Cameroon (Most Favoured Nation duty rate treatement, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 10%).

Subnational Monthly Trade

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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 (2020): $132M

IMPORTS (2020): $26.7M

NET TRADE (2020): $105M

In 2020, India exported $132M in Wrenches. The main destinations of India exports on Wrenches were United States ($27.5M), Germany ($16.8M), Brazil ($7.8M), Russia ($7.23M), and United Arab Emirates ($6.27M).

In 2020, India imported $26.7M in Wrenches, mainly from China ($15.3M), Chinese Taipei ($2.68M), Japan ($1.92M), Germany ($1.43M), and United States ($1.15M).

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IN 2020, India HAD A POSITIVE NET TRADE IN Wrenches WITH:

IN 2020, India HAD A NEGATIVE NET TRADE IN Wrenches WITH:

Flow

THE FASTEST GROWING Wrenches EXPORT MARKETS FOR India WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY India WERE (2019 - 2020):

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Market Concentration

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In 2019, India's main exporting competitors in Wrenches were:

In 2019, India's main importing competitors in Wrenches were:

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Tariffs by Country

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In 2018, the average tariff for India in Wrenches was 8.19%.

The countries with the highest tariffs for Wrenches in India were Angola (Most Favoured Nation duty rate treatement, 10%), Botswana (Most Favoured Nation duty rate treatement, 10%), Cote d'Ivoire (Most Favoured Nation duty rate treatement, 10%), Cameroon (Most Favoured Nation duty rate treatement, 10%), and Democratic Republic of the Congo (Most Favoured Nation duty rate treatement, 10%).