2023
Exports
$20.9MWorld Rnk 17 / 196
Flag Rnk 472 / 1211
2023
PRODUCT COMPLEXITY IN Wrenches
1.5Rnk 44 / 1025
2023
Imports
$35.1MWorld Rnk 25 / 221
Flag Rnk 578 / 1212
2023
ECONOMIC COMPLEXITY of Switzerland
1.96Rnk 3 / 132

About

Exports In 2023, Switzerland exported $20.9M in Wrenches, making it the 17th largest exporter of Wrenches in the world. At the same year, Wrenches was the 472nd most exported product in Switzerland. The main destination of Wrenches exports from Switzerland are: Germany ($8.66M), China ($2.11M), Japan ($1.71M), Poland ($1.11M), and France ($951k).

The fastest growing export markets for Wrenches of Switzerland between 2022 and 2023 were China ($1.13M), Germany ($651k), and France ($647k).

Imports In 2023, Switzerland imported $35.1M in Wrenches, becoming the 25th largest importer of Wrenches in the world. At the same year, Wrenches was the 578th most imported product in Switzerland. Switzerland imports Wrenches primarily from: Germany ($15.8M), Chinese Taipei ($5.67M), China ($5M), United States ($2.94M), and India ($829k).

The fastest growing import markets in Wrenches for Switzerland between 2022 and 2023 were Germany ($826k), United States ($548k), and Czechia ($162k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Wrenches. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$20.9M
IMPORTS (2023)$35.1M
NET TRADE (2023)-$14.2M

In 2023, Switzerland exported $20.9M in Wrenches. The main destinations of Switzerland exports on Wrenches were Germany ($8.66M), China ($2.11M), Japan ($1.71M), Poland ($1.11M), and France ($951k).

In 2023, Switzerland imported $35.1M in Wrenches, mainly from Germany ($15.8M), Chinese Taipei ($5.67M), China ($5M), United States ($2.94M), and India ($829k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Switzerland WERE (2022 - 2023):
China$1.13M (115%)
Germany$651k (8.13%)
France$647k (213%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Switzerland WERE (2022 - 2023):
Spain-$193k (-41%)
Mexico-$188k (-45.1%)
Kuwait-$135k (-95.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Switzerland's main exporting competitors in Wrenches were:
In 2023, Switzerland's main importing competitors in Wrenches were:

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Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.59M
TOP IMPORT POTENTIALChina+ $2.21M

Wrenches’s highest export potential is Germany. With an export gap of $1.59M.   Wrenches’s highest import potential is China with an import gap of $2.21M.

See methodology.

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