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820412 (Harmonized System 1992 for 6-digit)

2023
World Trade $656MRnk 2568 / 4644
2023
Top Exporter | Top Importer $280M | $124MChina | United States
2023
Product Complexity 0.78Rnk 1145 / 4656
2022 - 2023
Export Growth (CAGR) -2.33%Rnk 1789 / 4644
2023
Share of World Trade 0.0029%Rnk 2568 / 4644

About

Overview This page contains the latest trade data of Wrenches, hand-operated, with adjustable jaws. In 2023, Wrenches, hand-operated, with adjustable jaws were the world's 2568th most traded product, with a total trade of $656M. Between 2022 and 2023 the exports of Wrenches, hand-operated, with adjustable jaws decreased by -2.33%, from $672M to $656M. Trade in Wrenches, hand-operated, with adjustable jaws represent 0.0029% of total world trade.

Wrenches, hand-operated, with adjustable jaws are a part of Wrenches.

Exports In 2023 the top exporters of Wrenches, hand-operated, with adjustable jaws  were China ($280M), Chinese Taipei ($84.4M), Germany ($52.9M), United States ($45.8M), and Spain ($37.9M).

Imports In 2023 the top importers of Wrenches, hand-operated, with adjustable jaws were United States ($124M), Canada ($28.3M), Germany ($26.6M), United Kingdom ($25.7M), and Russia ($21.8M).

Ranking Wrenches, hand-operated, with adjustable jaws ranks 1145th in the Product Complexity Index (PCI).

Description A wrench is a hand-operated tool with adjustable jaws used for turning a nut or bolt. The handle of a wrench can be used as a lever to turn a bolt. Wrenches are typically used to turn larger nuts and bolts that are difficult to turn by hand.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Wrenches, hand-operated, with adjustable jaws. Countries are shown based on data availability.

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

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* 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.

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Historical Data

Exporters and Importers

Top Origin (2023)China$280M
Top Destination (2023)United States$124M

In 2023 Wrenches, hand-operated, with adjustable jaws were the world's 2568th most traded product (out of 4,644).

In 2023, the top exporters of Wrenches, hand-operated, with adjustable jaws were China ($280M), Chinese Taipei ($84.4M), Germany ($52.9M), United States ($45.8M), and Spain ($37.9M).

In 2023, the top importers of Wrenches, hand-operated, with adjustable jaws were United States ($124M), Canada ($28.3M), Germany ($26.6M), United Kingdom ($25.7M), and Russia ($21.8M).

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Exporters of Wrenches, hand-operated, with adjustable jaws (2023)
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Importers of Wrenches, hand-operated, with adjustable jaws (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$12.3M
Top Destination Growth (2022 -  2023)Guyana$10M

Between 2022 and 2023, the exports of Wrenches, hand-operated, with adjustable jaws grew the fastest in Germany ($12.3M), Trinidad and Tobago ($9.92M), Saudi Arabia ($4.56M), Vietnam ($4.4M), and Greece ($4.05M).

Between 2022 and 2023, the fastest growing importers of Wrenches, hand-operated, with adjustable jaws were Guyana ($10M), Russia ($6.27M), United Kingdom ($5.29M), Greece ($4.66M), and Bahrain ($4.43M).

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Exporters of Wrenches, hand-operated, with adjustable jaws (2022 - 2023)

Importers of Wrenches, hand-operated, with adjustable jaws (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wrenches, hand-operated, with adjustable jaws.

In 2023, market concentration measured using Shannon Entropy, was 3.31. This means that most of the exports of Wrenches, hand-operated, with adjustable jaws are explained by 9 countries.

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Value of Exports in Wrenches, hand-operated, with adjustable jaws

Net Trade

This map shows which countries export or import more of Wrenches, hand-operated, with adjustable jaws. Each country is colored based on the difference in exports and imports of Wrenches, hand-operated, with adjustable jaws during 2023.

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Wrenches, hand-operated, with adjustable jaws.
It is possible to select the main countries that export or import Wrenches, hand-operated, with adjustable jaws in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wrenches, hand-operated, with adjustable jaws 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 (2023)

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