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Wrenches and sockets: top exporters and importers (2024)

In 2024, world trade in wrenches and sockets totaled $4.1 billion (499 thousand tonnes). The top exporters were China (35%), Taiwan (25%) and Germany (8%); the top importers were the United States (21%), Germany (7%) and France (4%). Compared with 2019, the value rose 23%.

Summary

World trade
$4.1billion
Tonnes
499thousand tonnes
Price per tonne
$7,946
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$1.4 billion · 35.5%
  2. Taiwan$1 billion · 24.9%
  3. Germany$329 million · 8.1%
  4. United States$234 million · 5.8%
  5. India$175 million · 4.3%
  6. Vietnam$109 million · 2.7%
  7. Spain$69 million · 1.7%
  8. Czechia$64 million · 1.6%
  9. Japan$61 million · 1.5%
  10. Netherlands$55 million · 1.4%
    re-exports
  11. Italy$52 million · 1.3%
  12. United Kingdom$51 million · 1.3%
  13. France$47 million · 1.2%
  14. Poland$40 million · 0.98%
  15. Sweden$37 million · 0.92%
  16. Greece$25 million · 0.61%
  17. Switzerland$22 million · 0.53%
  18. Belgium$20 million · 0.49%
    re-exports
  19. Turkey$18 million · 0.45%
  20. Mexico$18 million · 0.44%

Top importers

  1. United States$866 million · 21.4%
  2. Germany$298 million · 7.3%
  3. France$143 million · 3.5%
  4. United Kingdom$143 million · 3.5%
  5. Canada$140 million · 3.5%
  6. Netherlands$127 million · 3.1%
    re-exports
  7. Poland$127 million · 3.1%
  8. Mexico$122 million · 3%
  9. Russia$113 million · 2.8%
  10. China$111 million · 2.7%
  11. Australia$104 million · 2.6%
  12. Italy$88 million · 2.2%
  13. Japan$78 million · 1.9%
  14. Brazil$67 million · 1.7%
  15. Belgium$67 million · 1.7%
    re-exports
  16. Spain$65 million · 1.6%
  17. Vietnam$65 million · 1.6%
  18. United Arab Emirates$55 million · 1.4%
  19. Austria$50 million · 1.2%
  20. Indonesia$47 million · 1.2%

Trend

Who sells it

China has been the top exporter since 2012

Value in USD billions. The five largest exporters in 2024.

  • China 1.4
  • Taiwan 1
  • Germany 0.33
  • United States 0.23
  • India 0.18

Source: CEPII BACI

Show the numbers
Country19952024
China0.081.4
Taiwan0.31
Germany0.10.33
United States0.130.23
India0.050.18

Price

Implied price

The price per tonne rose 38% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $7,946

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$5,759
1996$3,128
1997$4,769
1998$5,747
1999$5,160
2000$6,105
2001$6,363
2002$6,356
2003$6,599
2004$5,665
2005$6,601
2006$6,928
2007$7,391
2008$7,694
2009$7,875
2010$8,043
2011$8,833
2012$8,630
2013$8,579
2014$8,723
2015$8,266
2016$9,205
2017$8,041
2018$8,763
2019$8,651
2020$8,502
2021$8,908
2022$8,963
2023$8,813
2024$7,946

What it includes

  • 8204 · Wrenches and sockets

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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