Overview: In 2018, Wrenches were the world's 620th most traded product, with a total trade of $3.1B. Between 2017 and 2018 the exports of Wrenches grew by 10.3%, from $2.81B to $3.1B. Trade in Wrenches represent 0.017% of total world trade.
Exports: In 2018 the top exporters of Wrenches were China ($1.01B), Chinese Taipei ($747M), Germany ($312M), United States ($176M), and India ($140M).
Imports: In 2018 the top importers of Wrenches were United States ($627M), Germany ($230M), France ($150M), United Kingdom ($116M), and China ($108M).
Tariffs: In 2018 the average tariff for Wrenches was 10.5%, been the 402 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Wrenches are Iran (50%), Algeria (26.6%), Bermuda (25%), Argentina (22.6%), and Bahamas (22.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).
Ranking: Wrenches ranks 27th in the Product Complexity Index (PCI).