2022
Exports
$8.06MWorld Rnk 27 / 203
Flag Rnk 611 / 1198
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$42.6MWorld Rnk 18 / 220
Flag Rnk 494 / 1213
2022
ECONOMIC COMPLEXITY of Singapore
1.68Rnk 6 / 133

About

Exports In 2022, Singapore exported $8.06M in Hand Tools, making it the 27th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 611th most exported product in Singapore. The main destination of Hand Tools exports from Singapore are: Vietnam ($1.48M), Malaysia ($1.48M), Indonesia ($924k), Philippines ($667k), and Cambodia ($422k).

The fastest growing export markets for Hand Tools of Singapore between 2021 and 2022 were South Africa ($216k), China ($190k), and Thailand ($149k).

Imports In 2022, Singapore imported $42.6M in Hand Tools, becoming the 18th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 494th most imported product in Singapore. Singapore imports Hand Tools primarily from: China ($26.7M), Germany ($3.95M), Switzerland ($2.34M), Chinese Taipei ($1.9M), and Portugal ($1.88M).

The fastest growing import markets in Hand Tools for Singapore between 2021 and 2022 were China ($19.9M), Netherlands ($529k), and Chinese Taipei ($278k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hand Tools. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.06M
IMPORTS (2022)$42.6M
NET TRADE (2022)-$34.5M

In 2022, Singapore exported $8.06M in Hand Tools. The main destinations of Singapore exports on Hand Tools were Vietnam ($1.48M), Malaysia ($1.48M), Indonesia ($924k), Philippines ($667k), and Cambodia ($422k).

In 2022, Singapore imported $42.6M in Hand Tools, mainly from China ($26.7M), Germany ($3.95M), Switzerland ($2.34M), Chinese Taipei ($1.9M), and Portugal ($1.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Singapore WERE (2021 - 2022):
South Africa$216k (4.78k%)
China$190k (123%)
Thailand$149k (56.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Singapore WERE (2021 - 2022):
Vietnam-$565k (-27.6%)
Hong Kong-$333k (-65.4%)
Cambodia-$276k (-39.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Singapore's main exporting competitors in Hand Tools were:
In 2022, Singapore's main importing competitors in Hand Tools were:

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $289k
TOP IMPORT POTENTIALChina+ $673k

Hand Tools’s highest export potential is United States. With an export gap of $289k.   Hand Tools’s highest import potential is China with an import gap of $673k.

See methodology.

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