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820412 (Harmonized System 1992 for 6-digit)

2022
World Trade $705MRnk 2566 / 4648
2022
Top Exporter | Top Importer $335M | $161MChina | United States
2022
Product Complexity 0.98Rnk 798 / 4653
2021 - 2022
Export Growth (CAGR) 8.98%Rnk 1727 / 4648
2022
Share of World Trade 0.003%Rnk 2566 / 4648

About

Overview This page contains the latest trade data of Wrenches, hand-operated, with adjustable jaws. In 2022, Wrenches, hand-operated, with adjustable jaws were the world's 2566th most traded product, with a total trade of $705M. Between 2021 and 2022 the exports of Wrenches, hand-operated, with adjustable jaws grew by 8.98%, from $647M to $705M. Trade in Wrenches, hand-operated, with adjustable jaws represent 0.003% of total world trade.

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

Exports In 2022 the top exporters of Wrenches, hand-operated, with adjustable jaws  were China ($335M), Chinese Taipei ($129M), Germany ($43.9M), United States ($37.7M), and Spain ($24M).

Imports In 2022 the top importers of Wrenches, hand-operated, with adjustable jaws were United States ($161M), Germany ($28.7M), Canada ($24.3M), France ($20.3M), and United Kingdom ($19.9M).

Ranking Wrenches, hand-operated, with adjustable jaws ranks 798th 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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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 (2022)China$335M
Top Destination (2022)United States$161M

In 2022 Wrenches, hand-operated, with adjustable jaws were the world's 2566th most traded product (out of 4,648).

In 2022, the top exporters of Wrenches, hand-operated, with adjustable jaws were China ($335M), Chinese Taipei ($129M), Germany ($43.9M), United States ($37.7M), and Spain ($24M).

In 2022, the top importers of Wrenches, hand-operated, with adjustable jaws were United States ($161M), Germany ($28.7M), Canada ($24.3M), France ($20.3M), and United Kingdom ($19.9M).

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Exporters of Wrenches, hand-operated, with adjustable jaws (2022)
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Importers of Wrenches, hand-operated, with adjustable jaws (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$30.6M
Top Destination Growth (2021 -  2022)United States$25.9M

Between 2021 and 2022, the exports of Wrenches, hand-operated, with adjustable jaws grew the fastest in China ($30.6M), Chinese Taipei ($7.96M), Vietnam ($7.88M), Germany ($5.97M), and United Kingdom ($3.21M).

Between 2021 and 2022, the fastest growing importers of Wrenches, hand-operated, with adjustable jaws were United States ($25.9M), Netherlands ($5.47M), Australia ($4.46M), Singapore ($4.44M), and United Arab Emirates ($3.84M).

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Exporters of Wrenches, hand-operated, with adjustable jaws (2021 - 2022)

Importers of Wrenches, hand-operated, with adjustable jaws (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 2.95. This means that most of the exports of Wrenches, hand-operated, with adjustable jaws are explained by 7 countries.

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

Net Trade

TOP NET EXPORTER (2022)China$318M
TOP NET IMPORTER (2022)United States$123M

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Wrenches, hand-operated, with adjustable jaws were China ($318M), Chinese Taipei ($117M), Germany ($15.2M), Spain ($13M), and Vietnam ($5.89M).

In 2022, the countries that had a largest trade value in imports than in exports of Wrenches, hand-operated, with adjustable jaws were United States ($123M), Canada ($21.6M), Australia ($16M), Mexico ($15.7M), and Russia ($14.9M).

Net Trade (2022)

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 (2022)

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