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820411 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.7BRnk 1569 / 4644
2023
Top Exporter | Top Importer $512M | $307MChina | United States
2023
Product Complexity 1.33Rnk 299 / 4656
2022 - 2023
Export Growth (CAGR) -5.93%Rnk 2198 / 4644
2023
Share of World Trade 0.0075%Rnk 1569 / 4644

About

Overview This page contains the latest trade data of Wrenches, hand-operated, with non-adjustable jaws. In 2023, Wrenches, hand-operated, with non-adjustable jaws were the world's 1569th most traded product, with a total trade of $1.7B. Between 2022 and 2023 the exports of Wrenches, hand-operated, with non-adjustable jaws decreased by -5.93%, from $1.8B to $1.7B. Trade in Wrenches, hand-operated, with non-adjustable jaws represent 0.0075% of total world trade.

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

Exports In 2023 the top exporters of Wrenches, hand-operated, with non-adjustable jaws  were China ($512M), Chinese Taipei ($342M), Germany ($169M), India ($142M), and United States ($133M).

Imports In 2023 the top importers of Wrenches, hand-operated, with non-adjustable jaws were United States ($307M), Germany ($136M), France ($72.5M), Russia ($58.7M), and United Kingdom ($58.3M).

Ranking Wrenches, hand-operated, with non-adjustable jaws ranks 299th in the Product Complexity Index (PCI).

Description The common uses of wrenches are to turn nuts and bolts, and to use as a lever to turn in a tight space. The hand-operated, non-adjustable jaws are used to turn the bolt or nut.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wrenches, hand-operated, with non-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$512M
Top Destination (2023)United States$307M

In 2023 Wrenches, hand-operated, with non-adjustable jaws were the world's 1569th most traded product (out of 4,644).

In 2023, the top exporters of Wrenches, hand-operated, with non-adjustable jaws were China ($512M), Chinese Taipei ($342M), Germany ($169M), India ($142M), and United States ($133M).

In 2023, the top importers of Wrenches, hand-operated, with non-adjustable jaws were United States ($307M), Germany ($136M), France ($72.5M), Russia ($58.7M), and United Kingdom ($58.3M).

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

Color
Top Origin Growth (2022 -  2023)United States$11.4M
Top Destination Growth (2022 -  2023)Russia$13.5M

Between 2022 and 2023, the exports of Wrenches, hand-operated, with non-adjustable jaws grew the fastest in United States ($11.4M), Germany ($11.3M), Spain ($7.18M), Czechia ($4.68M), and Greece ($4.14M).

Between 2022 and 2023, the fastest growing importers of Wrenches, hand-operated, with non-adjustable jaws were Russia ($13.5M), France ($6.17M), Malaysia ($6.07M), Vietnam ($6M), and Slovenia ($5.66M).

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

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

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.51. This means that most of the exports of Wrenches, hand-operated, with non-adjustable jaws are explained by 11 countries.

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

Net Trade

TOP NET EXPORTER (2023)China$460M
TOP NET IMPORTER (2023)United States$174M

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

In 2023, the countries that had a largest trade value in exports than in imports of Wrenches, hand-operated, with non-adjustable jaws were China ($460M), Chinese Taipei ($322M), India ($125M), Germany ($32.9M), and Czechia ($21M).

In 2023, the countries that had a largest trade value in imports than in exports of Wrenches, hand-operated, with non-adjustable jaws were United States ($174M), Russia ($57.2M), Canada ($53.5M), France ($48M), and Mexico ($42.1M).

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 non-adjustable jaws.
It is possible to select the main countries that export or import Wrenches, hand-operated, with non-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 non-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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