Overview: This page contains the latest trade data of Wrenches. In 2019, Wrenches were the world's 619th most traded product, with a total trade of $3.18B. Between 2018 and 2019 the exports of Wrenches grew by 0.00071%, from $3.18B to $3.18B. Trade in Wrenches represent 0.018% of total world trade.
Exports: In 2019 the top exporters of Wrenches were China ($1.02B), Chinese Taipei ($766M), Germany ($304M), United States ($235M), and India ($144M).
Imports: In 2019 the top importers of Wrenches were United States ($669M), Germany ($228M), France ($147M), Canada ($127M), and United Kingdom ($117M).
Tariffs: In 2018 the average tariff for Wrenches was 10.5%, making it the 402nd 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 22nd in the Product Complexity Index (PCI).
Description: Hand-operated spanners and wrenches are used to tighten or loosen bolts, nuts, screws, etc. They can be made from a variety of materials, including steel, aluminum, brass, and plastic.