Wrench sockets, ratchet handles, extensions, spinners in United States

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Exports In 2022, United States exported $64.7M in Wrench sockets, ratchet handles, extensions, spinners, making it the 4th largest exporter of Wrench sockets, ratchet handles, extensions, spinners in the world. At the same year, Wrench sockets, ratchet handles, extensions, spinners was the 1839th most exported product in United States. The main destination of Wrench sockets, ratchet handles, extensions, spinners exports from United States are: Canada ($22.7M), Mexico ($7.94M), United Kingdom ($5.72M), Australia ($5.51M), and Germany ($2.56M).

The fastest growing export markets for Wrench sockets, ratchet handles, extensions, spinners of United States between 2021 and 2022 were Canada ($10.8M), Australia ($1.88M), and Mexico ($1.86M).

Imports In 2022, United States imported $404M in Wrench sockets, ratchet handles, extensions, spinners, becoming the 1st largest importer of Wrench sockets, ratchet handles, extensions, spinners in the world. At the same year, Wrench sockets, ratchet handles, extensions, spinners was the 1014th most imported product in United States. United States imports Wrench sockets, ratchet handles, extensions, spinners primarily from: Chinese Taipei ($243M), China ($127M), Vietnam ($9.13M), Mexico ($7.14M), and Germany ($4.12M).

The fastest growing import markets in Wrench sockets, ratchet handles, extensions, spinners for United States between 2021 and 2022 were Chinese Taipei ($20.3M), Vietnam ($3.12M), and France ($1.53M).

Latest Trends

June 2024

About

Overview In June 2024 United States' Wrench sockets, ratchet handles, extensions, spinners exports accounted up to $6.99M and imports accounted up to $30.5M, resulting in a negative trade balance of $23.5M. Between June 2023 and June 2024 the exports of United States' Wrench sockets, ratchet handles, extensions, spinners have increased by $48k (0.69%) from $6.94M to $6.99M, while imports decreased by $-408k (-1.32%) from $30.9M to $30.5M.

Destinations In June 2024, Wrench sockets, ratchet handles, extensions, spinners were exported mostly to Canada ($3.1M), Mexico ($1.28M), Germany ($392k), United Kingdom ($255k), and Iraq ($158k), and were imported mostly from Chinese Taipei ($18.5M), China ($8.27M), Vietnam ($2.18M), Japan ($326k), and Sweden ($264k).

Growth In June 2024, the increase in Wrench sockets, ratchet handles, extensions, spinners's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($517k or 222%), France ($516k or 4.91k%), and Canada ($256k or 10.9%). In June 2024, the decrease in Wrench sockets, ratchet handles, extensions, spinners's year-by-year imports was explained primarily by a decrease in imports from China ($-3.83M or -37.1%), Mexico ($-136k or -42.3%), and Germany ($-103k or -44.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)$48k(0.69%)

IMPORT GROWTH (June 2023 - June 2024)$-408k(-1.32%)

MAIN EXPORTER (June 2024)Texas$1.55M

MAIN DESTINATION (June 2024)Canada$3.1M

This section shows Wrench sockets, ratchet handles, extensions, spinners's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wrench sockets, ratchet handles, extensions, spinners over time.

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