Wrenches in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $1.41B in Wrenches, making it the 1st largest exporter of Wrenches in the world. At the same year, Wrenches was the 366th most exported product in China. The main destination of Wrenches exports from China are: United States ($332M), Germany ($82M), Canada ($50.6M), United Kingdom ($47.7M), and Russia ($47M).

The fastest growing export markets for Wrenches of China between 2021 and 2022 were Germany ($19.4M), United Arab Emirates ($9.94M), and Indonesia ($9.91M).

Imports In 2022, China imported $117M in Wrenches, becoming the 8th largest importer of Wrenches in the world. At the same year, Wrenches was the 618th most imported product in China. China imports Wrenches primarily from: Chinese Taipei ($66.3M), Germany ($13.9M), Japan ($8.08M), United States ($7.09M), and Vietnam ($5.06M).

The fastest growing import markets in Wrenches for China between 2021 and 2022 were United Kingdom ($1.69M), United Arab Emirates ($1.62M), and Japan ($684k).

COMPANIES In 2023, leading companies such as CrimsonLogic (1.9k), Amazon (298), and You Hao Trading (209) were at the forefront of shipping Wrenches from China to the United States.

Latest Trends

July 2024

About

Overview In July 2024 China's Wrenches exports accounted up to $132M and imports accounted up to $9.5M, resulting in a positive trade balance of $122M. Between July 2023 and July 2024 the exports of China's Wrenches have increased by $14.6M (12.5%) from $117M to $132M, while imports increased by $1.22M (14.7%) from $8.28M to $9.5M.

Destinations In July 2024, Wrenches were exported mostly to United States ($35.6M), Mexico ($4.81M), Germany ($4.79M), Vietnam ($4.76M), and Brazil ($4.45M), and were imported mostly from Chinese Taipei ($5.03M), Vietnam ($1.08M), Japan ($831k), Germany ($826k), and United States ($444k).

Growth In July 2024, the increase in Wrenches's year-by-year exports was explained primarily by an increase in exports to Canada ($1.42M or 58.1%), Kyrgyzstan ($1.35M or 645%), and Singapore ($1.32M or 189%). In July 2024, the increase in Wrenches's year-by-year imports was explained primarily by an increase in imports from Czechia ($140k or 346%), China ($111k or 77.3%), and India ($56.4k or 158%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)$14.6M(12.5%)

IMPORT GROWTH (July 2023 - July 2024)$1.22M(14.7%)

MAIN EXPORTER (July 2024)Zhejiang Province$73.5M

MAIN DESTINATION (July 2024)United States$35.6M

This section shows Wrenches's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Wrenches over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.41B

IMPORTS (2022)$117M

NET TRADE (2022)$1.29B

In 2022, China exported $1.41B in Wrenches. The main destinations of China exports on Wrenches were United States ($332M), Germany ($82M), Canada ($50.6M), United Kingdom ($47.7M), and Russia ($47M).

In 2022, China imported $117M in Wrenches, mainly from Chinese Taipei ($66.3M), Germany ($13.9M), Japan ($8.08M), United States ($7.09M), and Vietnam ($5.06M).

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