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2023
Exports $359MWorld Rnk 1 / 141
Flag Rnk 636 / 1215
2023
Destination $5.1M United States
2022 - 2023
FASTEST GROWING MARKET $5.1MVietnam
2023
PRODUCT COMPLEXITY IN Cooking Hand Tools0.89Rnk 210 / 1025
2023
Imports $5.63MWorld Rnk 23 / 209
Flag Rnk 1053 / 1214
2023
Origin $611k Germany
2022 - 2023
FASTEST GROWING ORIGIN $611kChinese Taipei
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $359M in Cooking Hand Tools, making it the 1st largest exporter of Cooking Hand Tools in the world. At the same year, Cooking Hand Tools was the 636th most exported product in China. The main destination of Cooking Hand Tools exports from China are: United States ($84M), Germany ($31.7M), Canada ($22.8M), United Kingdom ($15.9M), and South Korea ($12.8M).

The fastest growing export markets for Cooking Hand Tools of China between 2022 and 2023 were Vietnam ($5.1M), Malaysia ($3.17M), and Belarus ($1.87M).

Imports In 2023, China imported $5.63M in Cooking Hand Tools, becoming the 23rd largest importer of Cooking Hand Tools in the world. At the same year, Cooking Hand Tools was the 1053rd most imported product in China. China imports Cooking Hand Tools primarily from: Germany ($2.46M), Chinese Taipei ($1.01M), United Kingdom ($778k), Italy ($572k), and United States ($266k).

The fastest growing import markets in Cooking Hand Tools for China between 2022 and 2023 were Chinese Taipei ($611k), Italy ($281k), and United States ($19.8k).

COMPANIES In 2024, leading companies such as QVC Inc (26), IKEA Group (16), and Costco Wholesale (7) were at the forefront of shipping Cooking Hand Tools from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Cooking Hand Tools exports accounted up to $41.2M and imports accounted up to $125k, resulting in a positive trade balance of $41.1M. Between December 2023 and December 2024 the exports of China's   Cooking Hand Tools have decreased by $-2.56M (-5.85%) from $43.8M to $41.2M, while imports increased by $222 (0.18%) from $125k to $125k.

Destinations In December 2024, Cooking Hand Tools were exported mostly to United States ($9.56M), Singapore ($3.89M), Malaysia ($3.67M), Thailand ($1.86M), and Netherlands ($1.45M), and were imported mostly from Germany ($76.7k), China ($26.9k), France ($10.1k), United Kingdom ($4.93k), and Japan ($4.16k).

Growth In December 2024, the decrease in Cooking Hand Tools's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-2.87M or -56.3%), Egypt ($-1.39M or -75.9%), and Australia ($-1.32M or -54.7%). In December 2024, the increase in Cooking Hand Tools's year-by-year imports was explained primarily by an increase in imports from Germany ($87.4k or 8.83k%), United States ($7.5k or 17.3%), and China ($5.99k or 36.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-2.56M(-5.85%)
IMPORT GROWTH (December 2023 - December 2024)$222(0.18%)
MAIN EXPORTER (December 2024)Shandong Province$36.4M
MAIN DESTINATION (December 2024)United States$9.56M

This section shows Cooking Hand Tools'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 Cooking Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$359M
IMPORTS (2023)$5.63M
NET TRADE (2023)$354M

In 2023, China exported $359M in Cooking Hand Tools. The main destinations of China exports on Cooking Hand Tools were United States ($84M), Germany ($31.7M), Canada ($22.8M), United Kingdom ($15.9M), and South Korea ($12.8M).

In 2023, China imported $5.63M in Cooking Hand Tools, mainly from Germany ($2.46M), Chinese Taipei ($1.01M), United Kingdom ($778k), Italy ($572k), and United States ($266k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cooking Hand Tools EXPORT MARKETS FOR China WERE (2022 - 2023):
Vietnam$5.1M (295%)
Malaysia$3.17M (91.7%)
Belarus$1.87M (184%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cooking Hand Tools BY China WERE (2022 - 2023):
Germany-$14M (-30.6%)
United States-$11.9M (-12.4%)
Egypt-$9.26M (-66.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Cooking Hand Tools were:
France $34.6M
Germany $33.9M
In 2023, China's main importing competitors in Cooking Hand Tools were:
United States $123M
Germany $52.4M
Canada $32.1M

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Trade Value of Cooking Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $2.15M
TOP IMPORT POTENTIALFrance+ $226k

Cooking Hand Tools’s highest export potential is Russia. With an export gap of $2.15M.   Cooking Hand Tools’s highest import potential is France with an import gap of $226k.

See methodology.

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