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2023
Exports $14.4MWorld Rnk 21 / 196
Flag Rnk 536 / 1207
2023
Destination $585k United States
2022 - 2023
FASTEST GROWING MARKET $585kParaguay
2023
PRODUCT COMPLEXITY IN Hand Tools0.76Rnk 262 / 1025
2023
Imports $36.4MWorld Rnk 20 / 220
Flag Rnk 511 / 1200
2023
Origin $417k China
2022 - 2023
FASTEST GROWING ORIGIN $417kUnited States
2023
ECONOMIC COMPLEXITY of Brazil0.31Rnk 49 / 132

About

Exports In 2023, Brazil exported $14.4M in Hand Tools, making it the 21st largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 536th most exported product in Brazil. The main destination of Hand Tools exports from Brazil are: United States ($6.33M), Paraguay ($2.09M), Bolivia ($790k), Mexico ($708k), and Canada ($588k).

The fastest growing export markets for Hand Tools of Brazil between 2022 and 2023 were Paraguay ($585k), China ($502k), and United Arab Emirates ($304k).

Imports In 2023, Brazil imported $36.4M in Hand Tools, becoming the 20th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 511th most imported product in Brazil. Brazil imports Hand Tools primarily from: China ($20.3M), India ($3.79M), Chinese Taipei ($2M), Portugal ($1.77M), and United States ($1.62M).

The fastest growing import markets in Hand Tools for Brazil between 2022 and 2023 were United States ($417k), Thailand ($170k), and Ukraine ($166k).

COMPANIES In 2024, leading companies such as Apex Tool Group (2) were at the forefront of shipping Hand Tools from Brazil to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Brazil's Hand Tools exports accounted up to $1.05M and imports accounted up to $3.28M, resulting in a negative trade balance of $2.23M. Between December 2023 and December 2024 the exports of Brazil's   Hand Tools have increased by $296k (39.3%) from $755k to $1.05M, while imports decreased by $-115k (-3.4%) from $3.4M to $3.28M.

Destinations In December 2024, Hand Tools were exported mostly to United States ($655k), Paraguay ($70.7k), Mexico ($58.4k), Argentina ($46.5k), and Bolivia ($42.2k), and were imported mostly from China ($1.83M), India ($528k), Chinese Taipei ($247k), Germany ($132k), and Sweden ($109k).

Growth In December 2024, the increase in Hand Tools's year-by-year exports was explained primarily by an increase in exports to Colombia ($197k or 949%), Bolivia ($72.6k or 1.2k%), and Mexico ($57.3k or 258%). In December 2024, the decrease in Hand Tools's year-by-year imports was explained primarily by a decrease in imports from India ($-143k or -44.5%), Switzerland ($-136k or -59.7%), and Pakistan ($-90.2k or -92.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$296k(39.3%)
IMPORT GROWTH (December 2023 - December 2024)$-115k(-3.4%)
MAIN EXPORTER (December 2024)São Paulo$1.75M
MAIN DESTINATION (December 2024)United States$655k

This section shows Hand Tools's exports and imports data at subnational level for Brazil. 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 Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$14.4M
IMPORTS (2023)$36.4M
NET TRADE (2023)-$21.9M

In 2023, Brazil exported $14.4M in Hand Tools. The main destinations of Brazil exports on Hand Tools were United States ($6.33M), Paraguay ($2.09M), Bolivia ($790k), Mexico ($708k), and Canada ($588k).

In 2023, Brazil imported $36.4M in Hand Tools, mainly from China ($20.3M), India ($3.79M), Chinese Taipei ($2M), Portugal ($1.77M), and United States ($1.62M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Brazil WERE (2022 - 2023):
Paraguay$585k (38.8%)
China$502k (5.14k%)
United Arab Emirates$304k (353%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Brazil WERE (2022 - 2023):
United States-$615k (-8.85%)
Chile-$256k (-46%)
Thailand-$200k (-88%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Brazil's main exporting competitors in Hand Tools were:
China $997M
Germany $448M
Chinese Taipei $235M
In 2023, Brazil's main importing competitors in Hand Tools were:
United States $479M
Germany $204M
France $135M

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.55M
TOP IMPORT POTENTIALChina+ $1.28M

Hand Tools’s highest export potential is United States. With an export gap of $1.55M.   Hand Tools’s highest import potential is China with an import gap of $1.28M.

See methodology.

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