2022
Exports
$2.95MWorld Rnk 38 / 200
Flag Rnk 871 / 1211
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$37.5MWorld Rnk 27 / 219
Flag Rnk 562 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $2.95M in Wrenches, making it the 38th largest exporter of Wrenches in the world. At the same year, Wrenches was the 871st most exported product in Thailand. The main destination of Wrenches exports from Thailand are: Laos ($391k), Burma ($280k), India ($254k), Singapore ($172k), and South Africa ($166k).

The fastest growing export markets for Wrenches of Thailand between 2021 and 2022 were New Zealand ($101k), India ($87.6k), and Germany ($69.3k).

Imports In 2022, Thailand imported $37.5M in Wrenches, becoming the 27th largest importer of Wrenches in the world. At the same year, Wrenches was the 562nd most imported product in Thailand. Thailand imports Wrenches primarily from: China ($24.1M), Chinese Taipei ($4.6M), Japan ($3.74M), India ($1.59M), and United States ($687k).

The fastest growing import markets in Wrenches for Thailand between 2021 and 2022 were China ($1.37M), Chinese Taipei ($886k), and India ($309k).

COMPANIES In 2023, leading companies such as Samsung (46), LG Electronics (9), and Polyplex (1) were at the forefront of shipping Wrenches from Thailand to the United States.

Latest Trends

Aug 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)$2.95M
IMPORTS (2022)$37.5M
NET TRADE (2022)-$34.5M

In 2022, Thailand exported $2.95M in Wrenches. The main destinations of Thailand exports on Wrenches were Laos ($391k), Burma ($280k), India ($254k), Singapore ($172k), and South Africa ($166k).

In 2022, Thailand imported $37.5M in Wrenches, mainly from China ($24.1M), Chinese Taipei ($4.6M), Japan ($3.74M), India ($1.59M), and United States ($687k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
New Zealand$101k (441%)
India$87.6k (52.6%)
Germany$69.3k (279%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Thailand WERE (2021 - 2022):
Burma-$702k (-71.5%)
Egypt-$221k (-59.5%)
China-$72.1k (-82.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Wrenches were:
In 2022, Thailand'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 POTENTIALIndia+ $192k
TOP IMPORT POTENTIALChina+ $1.68M

Wrenches’s highest export potential is India. With an export gap of $192k.   Wrenches’s highest import potential is China with an import gap of $1.68M.

See methodology.

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