2022
Exports
$349MWorld Rnk 3 / 200
Flag Rnk 497 / 1216
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$325MWorld Rnk 2 / 219
Flag Rnk 524 / 1215
2022
ECONOMIC COMPLEXITY of Germany
1.78Rnk 5 / 133

About

Exports In 2022, Germany exported $349M in Wrenches, making it the 3rd largest exporter of Wrenches in the world. At the same year, Wrenches was the 497th most exported product in Germany. The main destination of Wrenches exports from Germany are: Poland ($34.1M), France ($32.6M), Austria ($28M), United States ($22.4M), and Italy ($19.4M).

The fastest growing export markets for Wrenches of Germany between 2021 and 2022 were United States ($4.49M), France ($2.34M), and Italy ($1.92M).

Imports In 2022, Germany imported $325M in Wrenches, becoming the 2nd largest importer of Wrenches in the world. At the same year, Wrenches was the 524th most imported product in Germany. Germany imports Wrenches primarily from: China ($82M), Chinese Taipei ($78.5M), Czechia ($34.8M), Poland ($21M), and India ($18.2M).

The fastest growing import markets in Wrenches for Germany between 2021 and 2022 were China ($19.4M), Denmark ($4.35M), and Belgium ($1.2M).

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

Jul 2024

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 (2022)$349M
IMPORTS (2022)$325M
NET TRADE (2022)$23.5M

In 2022, Germany exported $349M in Wrenches. The main destinations of Germany exports on Wrenches were Poland ($34.1M), France ($32.6M), Austria ($28M), United States ($22.4M), and Italy ($19.4M).

In 2022, Germany imported $325M in Wrenches, mainly from China ($82M), Chinese Taipei ($78.5M), Czechia ($34.8M), Poland ($21M), and India ($18.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Germany WERE (2021 - 2022):
United States$4.49M (25.1%)
France$2.34M (7.71%)
Italy$1.92M (11%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Germany WERE (2021 - 2022):
Netherlands-$9.9M (-35.6%)
United Kingdom-$6.11M (-35.8%)
Russia-$3.3M (-60.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Germany's main exporting competitors in Wrenches were:
In 2022, Germany'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 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.

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