2023
Exports
$19.8MWorld Rnk 18 / 196
Flag Rnk 658 / 1215
2023
PRODUCT COMPLEXITY IN Wrenches
1.5Rnk 44 / 1025
2023
Imports
$22.7MWorld Rnk 33 / 221
Flag Rnk 664 / 1207
2023
ECONOMIC COMPLEXITY of Turkey
0.62Rnk 41 / 132

About

Exports In 2023, Turkey exported $19.8M in Wrenches, making it the 18th largest exporter of Wrenches in the world. At the same year, Wrenches was the 658th most exported product in Turkey. The main destination of Wrenches exports from Turkey are: Germany ($8.55M), Russia ($1.27M), Netherlands ($775k), Spain ($767k), and United States ($619k).

The fastest growing export markets for Wrenches of Turkey between 2022 and 2023 were Germany ($1.78M), Russia ($510k), and Netherlands ($275k).

Imports In 2023, Turkey imported $22.7M in Wrenches, becoming the 33rd largest importer of Wrenches in the world. At the same year, Wrenches was the 664th most imported product in Turkey. Turkey imports Wrenches primarily from: Chinese Taipei ($7.39M), Germany ($4.62M), China ($3.3M), United States ($2.05M), and Italy ($940k).

The fastest growing import markets in Wrenches for Turkey between 2022 and 2023 were United States ($678k), Spain ($523k), and France ($273k).

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)$19.8M
IMPORTS (2023)$22.7M
NET TRADE (2023)-$2.92M

In 2023, Turkey exported $19.8M in Wrenches. The main destinations of Turkey exports on Wrenches were Germany ($8.55M), Russia ($1.27M), Netherlands ($775k), Spain ($767k), and United States ($619k).

In 2023, Turkey imported $22.7M in Wrenches, mainly from Chinese Taipei ($7.39M), Germany ($4.62M), China ($3.3M), United States ($2.05M), and Italy ($940k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Turkey WERE (2022 - 2023):
Germany$1.78M (26.3%)
Russia$510k (67.1%)
Netherlands$275k (54.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Turkey WERE (2022 - 2023):
Switzerland-$1.1M (-63.9%)
Tanzania-$110k (-84.7%)
Denmark-$104k (-84.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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