2023
Exports
$332MWorld Rnk 3 / 196
Flag Rnk 490 / 1215
2023
PRODUCT COMPLEXITY IN Wrenches
1.5Rnk 44 / 1025
2023
Imports
$289MWorld Rnk 2 / 221
Flag Rnk 520 / 1215
2023
ECONOMIC COMPLEXITY of Germany
1.79Rnk 5 / 132

About

Exports In 2023, Germany exported $332M in Wrenches, making it the 3rd largest exporter of Wrenches in the world. At the same year, Wrenches was the 490th most exported product in Germany. The main destination of Wrenches exports from Germany are: France ($31.2M), Poland ($30.5M), United States ($28.8M), Italy ($21.1M), and Austria ($21M).

The fastest growing export markets for Wrenches of Germany between 2022 and 2023 were United States ($9.16M), France ($6.28M), and Netherlands ($3.27M).

Imports In 2023, Germany imported $289M in Wrenches, becoming the 2nd largest importer of Wrenches in the world. At the same year, Wrenches was the 520th most imported product in Germany. Germany imports Wrenches primarily from: Chinese Taipei ($80.8M), China ($62M), Czechia ($38.5M), India ($14.6M), and United States ($11M).

The fastest growing import markets in Wrenches for Germany between 2022 and 2023 were Czechia ($4.21M), Luxembourg ($2.09M), and Turkey ($1.78M).

COMPANIES In 2023, leading companies such as Stihl (10), ABB Motors and Mechanical (10), and Hilti Power Tools (6) were at the forefront of shipping Wrenches from Germany to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$332M
IMPORTS (2023)$289M
NET TRADE (2023)$42.3M

In 2023, Germany exported $332M in Wrenches. The main destinations of Germany exports on Wrenches were France ($31.2M), Poland ($30.5M), United States ($28.8M), Italy ($21.1M), and Austria ($21M).

In 2023, Germany imported $289M in Wrenches, mainly from Chinese Taipei ($80.8M), China ($62M), Czechia ($38.5M), India ($14.6M), and United States ($11M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Germany WERE (2022 - 2023):
United States$9.16M (46.5%)
France$6.28M (25.2%)
Netherlands$3.27M (21.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Germany WERE (2022 - 2023):
Portugal-$1.61M (-43.3%)
Czechia-$1.5M (-12.9%)
China-$1.06M (-8.04%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.26M
TOP IMPORT POTENTIALChina+ $7.11M

Wrenches’s highest export potential is United States. With an export gap of $8.26M.   Wrenches’s highest import potential is China with an import gap of $7.11M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with