Wrenches in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $58M in Wrenches, making it the 7th largest exporter of Wrenches in the world. At the same year, Wrenches was the 512th most exported product in United Kingdom. The main destination of Wrenches exports from United Kingdom are: Germany ($9.09M), Netherlands ($6.14M), Ireland ($4.68M), France ($4.1M), and United States ($4.05M).

The fastest growing export markets for Wrenches of United Kingdom between 2021 and 2022 were United Kingdom ($2.12M), China ($1.69M), and Germany ($737k).

Imports In 2022, United Kingdom imported $126M in Wrenches, becoming the 5th largest importer of Wrenches in the world. At the same year, Wrenches was the 547th most imported product in United Kingdom. United Kingdom imports Wrenches primarily from: China ($47.7M), Chinese Taipei ($22.9M), United States ($16.2M), Germany ($11M), and France ($5.51M).

The fastest growing import markets in Wrenches for United Kingdom between 2021 and 2022 were China ($5.77M), United Kingdom ($2.12M), and Spain ($1.11M).

Latest Trends

February 2024

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Overview In February 2024 United Kingdom's Wrenches exports accounted up to £4.97M and imports accounted up to £10.1M, resulting in a negative trade balance of £5.12M. Between February 2023 and February 2024 the exports of United Kingdom's Wrenches have increased by £904k (22.2%) from £4.07M to £4.97M, while imports decreased by £-109k (-1.06%) from £10.2M to £10.1M.

Destinations In February 2024, Wrenches were exported mostly to Switzerland (£1.39M), Netherlands (£753k), Germany (£463k), France (£366k), and Ireland (£280k), and were imported mostly from China (£2.47M), United States (£2.18M), Chinese Taipei (£1.59M), Germany (£1.08M), and Netherlands (£617k).

Growth In February 2024, the increase in Wrenches's year-by-year exports was explained primarily by an increase in exports to France (£290k or 136%), Germany (£216k or 64.7%), and Turkey (£169k or 476%). In February 2024, the decrease in Wrenches's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (£-783k or -34.8%), China (£-350k or -14%), and India (£-143k or -37.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£904k(22.2%)

IMPORT GROWTH (February 2023 - February 2024)£-109k(-1.06%)

MAIN EXPORTER (February 2024)Dover Eurotunnel£2.73M

MAIN DESTINATION (February 2024)Switzerland£1.39M

This section shows Wrenches's exports and imports data at subnational level for United Kingdom. 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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