820420 (Harmonized System 1992 for 6-digit)

About

Overview This page contains the latest trade data of Wrench sockets, ratchet handles, extensions, spinners. In 2022, Wrench sockets, ratchet handles, extensions, spinners were the world's 1740th most traded product, with a total trade of $1.55B. Between 2021 and 2022 the exports of Wrench sockets, ratchet handles, extensions, spinners grew by 4.87%, from $1.47B to $1.55B. Trade in Wrench sockets, ratchet handles, extensions, spinners represent 0.0065% of total world trade.

Wrench sockets, ratchet handles, extensions, spinners are a part of Wrenches.

Exports In 2022 the top exporters of Wrench sockets, ratchet handles, extensions, spinners  were Chinese Taipei ($589M), China ($484M), Germany ($122M), United States ($64.7M), and Netherlands ($34.9M).

Imports In 2022 the top importers of Wrench sockets, ratchet handles, extensions, spinners were United States ($404M), Germany ($141M), France ($62.9M), Netherlands ($58.2M), and Canada ($56.6M).

Ranking Wrench sockets, ratchet handles, extensions, spinners ranks 192nd in the Product Complexity Index (PCI).

Description The common uses of wrench sockets, ratchet handles, extensions, and spinners are to provide a grip on a turning object, to turn an object, and to transfer torque. The wrench socket is inserted on the end of the ratchet handle and then screwed onto the object to be turned. The ratchet handle is then used to drive the wrench socket and turn the object. The extension is used to increase the length of the ratchet handle, so that the ratchet can be placed at a more convenient height. The spinner is used to either remove or tighten bolts or nuts.

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Wrench sockets, ratchet handles, extensions, spinners. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2022)Chinese Taipei$589M
Top Destination (2022)United States$404M

In 2022 Wrench sockets, ratchet handles, extensions, spinners were the world's 1740th most traded product (out of 4,648).

In 2022, the top exporters of Wrench sockets, ratchet handles, extensions, spinners were Chinese Taipei ($589M), China ($484M), Germany ($122M), United States ($64.7M), and Netherlands ($34.9M).

In 2022, the top importers of Wrench sockets, ratchet handles, extensions, spinners were United States ($404M), Germany ($141M), France ($62.9M), Netherlands ($58.2M), and Canada ($56.6M).

Explore Visualizations

Exporters of Wrench sockets, ratchet handles, extensions, spinners (2022)
[Click to Select a Country]

Importers of Wrench sockets, ratchet handles, extensions, spinners (2022)
[Click to Select a Country]

Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$64.3M
Top Destination Growth (2021 -  2022)United States$22.6M

Between 2021 and 2022, the exports of Wrench sockets, ratchet handles, extensions, spinners grew the fastest in China ($64.3M), United States ($10.8M), Chinese Taipei ($8.52M), Denmark ($3.15M), and United Arab Emirates ($2.15M).

Between 2021 and 2022, the fastest growing importers of Wrench sockets, ratchet handles, extensions, spinners were United States ($22.6M), Canada ($17.5M), Australia ($12.5M), Mexico ($7.14M), and United Arab Emirates ($6.97M).

Explore Visualizations

Exporters of Wrench sockets, ratchet handles, extensions, spinners (2021 - 2022)

Importers of Wrench sockets, ratchet handles, extensions, spinners (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wrench sockets, ratchet handles, extensions, spinners.

In 2022, market concentration measured using Shannon Entropy, was 2.86. This means that most of the exports of Wrench sockets, ratchet handles, extensions, spinners are explained by 7 countries.

Explore Visualizations

Value of Exports in Wrench sockets, ratchet handles, extensions, spinners

Net Trade

TOP NET EXPORTER (2022)Chinese Taipei$581M
TOP NET IMPORTER (2022)United States$339M

This map shows which countries export or import more of Wrench sockets, ratchet handles, extensions, spinners. Each country is colored based on the difference in exports and imports of Wrench sockets, ratchet handles, extensions, spinners during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Wrench sockets, ratchet handles, extensions, spinners were Chinese Taipei ($581M), China ($433M), Vietnam ($3.26M), Denmark ($796k), and Hong Kong ($321k).

In 2022, the countries that had a largest trade value in imports than in exports of Wrench sockets, ratchet handles, extensions, spinners were United States ($339M), Canada ($54.1M), Australia ($47.5M), United Kingdom ($40.6M), and France ($39.1M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Wrench sockets, ratchet handles, extensions, spinners.
It is possible to select the main countries that export or import Wrench sockets, ratchet handles, extensions, spinners in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wrench sockets, ratchet handles, extensions, spinners by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with