2022
Exports
$185MWorld Rnk 4 / 203
Flag Rnk 608 / 1217
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$552MWorld Rnk 1 / 220
Flag Rnk 511 / 1216
2022
ECONOMIC COMPLEXITY of United States
1.47Rnk 10 / 133

About

Exports In 2022, United States exported $185M in Hand Tools, making it the 4th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 608th most exported product in United States. The main destination of Hand Tools exports from United States are: Canada ($55.3M), Mexico ($20.9M), Germany ($12.8M), United Kingdom ($11.3M), and Australia ($10.3M).

The fastest growing export markets for Hand Tools of United States between 2021 and 2022 were Mexico ($3.62M), Canada ($2.41M), and Australia ($2.25M).

Imports In 2022, United States imported $552M in Hand Tools, becoming the 1st largest importer of Hand Tools in the world. At the same year, Hand Tools was the 511th most imported product in United States. United States imports Hand Tools primarily from: China ($261M), Chinese Taipei ($69.1M), Germany ($58.4M), Vietnam ($40.2M), and Switzerland ($18.9M).

The fastest growing import markets in Hand Tools for United States between 2021 and 2022 were Vietnam ($19.1M), Germany ($14.2M), and Mexico ($9.89M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (369), Apex Tool Group (167), and Hilti Power Tools (144) were at the forefront of shipping Hand Tools to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)$-1.04M(-5.83%)
IMPORT GROWTH (June 2023 - June 2024)$-895k(-2.36%)
MAIN EXPORTER (June 2024)Illinois$3.39M
MAIN DESTINATION (June 2024)Canada$7.11M

This section shows Hand Tools's exports and imports data at subnational level for United States. 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 (2022)$185M
IMPORTS (2022)$552M
NET TRADE (2022)-$367M

In 2022, United States exported $185M in Hand Tools. The main destinations of United States exports on Hand Tools were Canada ($55.3M), Mexico ($20.9M), Germany ($12.8M), United Kingdom ($11.3M), and Australia ($10.3M).

In 2022, United States imported $552M in Hand Tools, mainly from China ($261M), Chinese Taipei ($69.1M), Germany ($58.4M), Vietnam ($40.2M), and Switzerland ($18.9M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$3.62M (21%)
Canada$2.41M (4.55%)
Australia$2.25M (27.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY United States WERE (2021 - 2022):
China-$2.54M (-42%)
Netherlands-$1.77M (-30%)
Russia-$838k (-74.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.69M
TOP IMPORT POTENTIALIndia+ $7.82M

Hand Tools’s highest export potential is Germany. With an export gap of $1.69M.   Hand Tools’s highest import potential is India with an import gap of $7.82M.

See methodology.

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