2023
Exports
$36.8MWorld Rnk 27 / 221
Flag Rnk 288 / 1208
2023
PRODUCT COMPLEXITY IN Other Hand Tools
1.82Rnk 14 / 1025
2023
Imports
$241MWorld Rnk 8 / 225
Flag Rnk 191 / 1207
2023
ECONOMIC COMPLEXITY of Australia
-0.28Rnk 75 / 132

About

Exports In 2023, Australia exported $36.8M in Other Hand Tools, making it the 27th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 288th most exported product in Australia. The main destination of Other Hand Tools exports from Australia are: Papua New Guinea ($7.76M), United States ($7.58M), New Zealand ($3.95M), Mongolia ($1.54M), and Vanuatu ($1.12M).

The fastest growing export markets for Other Hand Tools of Australia between 2022 and 2023 were United States ($2.55M), Papua New Guinea ($1.6M), and Mongolia ($1.48M).

Imports In 2023, Australia imported $241M in Other Hand Tools, becoming the 8th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 191st most imported product in Australia. Australia imports Other Hand Tools primarily from: China ($124M), Chinese Taipei ($41M), United States ($30.5M), Germany ($10.2M), and India ($4.93M).

The fastest growing import markets in Other Hand Tools for Australia between 2022 and 2023 were China ($23.5M), Chinese Taipei ($8M), and France ($805k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Other Hand Tools. Countries are shown based on data availability.

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

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$36.8M
IMPORTS (2023)$241M
NET TRADE (2023)-$204M

In 2023, Australia exported $36.8M in Other Hand Tools. The main destinations of Australia exports on Other Hand Tools were Papua New Guinea ($7.76M), United States ($7.58M), New Zealand ($3.95M), Mongolia ($1.54M), and Vanuatu ($1.12M).

In 2023, Australia imported $241M in Other Hand Tools, mainly from China ($124M), Chinese Taipei ($41M), United States ($30.5M), Germany ($10.2M), and India ($4.93M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR Australia WERE (2022 - 2023):
United States$2.55M (50.7%)
Papua New Guinea$1.6M (26%)
Mongolia$1.48M (2.32k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY Australia WERE (2022 - 2023):
Timor-Leste-$935k (-97%)
Japan-$292k (-49.6%)
France-$215k (-36.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Australia's main exporting competitors in Other Hand Tools were:
In 2023, Australia's main importing competitors in Other Hand Tools were:

Explore Visualizations

Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.4M
TOP IMPORT POTENTIALIndia+ $2.81M

Other Hand Tools’s highest export potential is United States. With an export gap of $2.4M.   Other Hand Tools’s highest import potential is India with an import gap of $2.81M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with