Hand Tools in   China

Overview In February 2024 China's Hand Tools exports accounted up to $77M and imports accounted up to $2.78M, resulting in a positive trade balance of $74.2M. Between February 2023 and February 2024 the exports of China's   Hand Tools have increased by $28.2M (57.8%) from $48.8M to $77M, while imports decreased by $-818k (-22.8%) from $3.6M to $2.78M.

Destinations In February 2024, Hand Tools were exported mostly to United States ($18.3M), Singapore ($5.17M), Russia ($3.9M), Mexico ($3.38M), and Malaysia ($2.63M), and were imported mostly from Taiwan ($462k), Germany ($378k), Japan ($368k), Switzerland ($367k), and Vietnam ($265k).

Growth In February 2024, the increase in Hand Tools's year-by-year exports was explained primarily by an increase in exports to Malaysia ($1.64M or 108%), Singapore ($1.54M or 204%), and Australia ($1.37M or 68.6%). In February 2024, the decrease in Hand Tools's year-by-year imports was explained primarily by a decrease in imports from Taiwan ($-477k or -42.3%), Vietnam ($-339k or -72.5%), and Switzerland ($-214k or -41.7%).