2022
Exports
$14.9MWorld Rnk 22 / 200
Flag Rnk 715 / 1213
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$20.5MWorld Rnk 41 / 219
Flag Rnk 688 / 1211
2022
ECONOMIC COMPLEXITY of Turkey
0.6Rnk 41 / 133

About

Exports In 2022, Turkey exported $14.9M in Wrenches, making it the 22nd largest exporter of Wrenches in the world. At the same year, Wrenches was the 715th most exported product in Turkey. The main destination of Wrenches exports from Turkey are: Germany ($5.29M), Switzerland ($1.78M), Russia ($761k), Netherlands ($571k), and Spain ($525k).

The fastest growing export markets for Wrenches of Turkey between 2021 and 2022 were Netherlands ($499k), Russia ($302k), and Switzerland ($170k).

Imports In 2022, Turkey imported $20.5M in Wrenches, becoming the 41st largest importer of Wrenches in the world. At the same year, Wrenches was the 688th most imported product in Turkey. Turkey imports Wrenches primarily from: Chinese Taipei ($6.51M), Germany ($5.71M), China ($3.02M), Italy ($1.2M), and United States ($787k).

The fastest growing import markets in Wrenches for Turkey between 2021 and 2022 were Chinese Taipei ($2.68M), Germany ($1.65M), and China ($296k).

COMPANIES In 2023, leading companies such as The Tile Shop (1) and AGCO (1) were at the forefront of shipping Wrenches from Turkey to the United States.

Latest Trends

Aug 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)$14.9M
IMPORTS (2022)$20.5M
NET TRADE (2022)-$5.6M

In 2022, Turkey exported $14.9M in Wrenches. The main destinations of Turkey exports on Wrenches were Germany ($5.29M), Switzerland ($1.78M), Russia ($761k), Netherlands ($571k), and Spain ($525k).

In 2022, Turkey imported $20.5M in Wrenches, mainly from Chinese Taipei ($6.51M), Germany ($5.71M), China ($3.02M), Italy ($1.2M), and United States ($787k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Turkey WERE (2021 - 2022):
Netherlands$499k (690%)
Russia$302k (65.9%)
Switzerland$170k (10.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Turkey WERE (2021 - 2022):
Iran-$327k (-86.3%)
Bangladesh-$235k (-99.5%)
France-$161k (-64.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Turkey's main exporting competitors in Wrenches were:
In 2022, Turkey'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 POTENTIALRussia+ $441k
TOP IMPORT POTENTIALChina+ $2.29M

Wrenches’s highest export potential is Russia. With an export gap of $441k.   Wrenches’s highest import potential is China with an import gap of $2.29M.

See methodology.

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