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2018
Exports $3.65BWorld Rnk 1 / 221
Flag Rnk 171 / 1215
2018
Destination $112M United States
2022 - 2023
FASTEST GROWING MARKET $112MMalaysia
2023
PRODUCT COMPLEXITY IN Other Hand Tools1.82Rnk 14 / 1025
2018
Imports $109MWorld Rnk 20 / 225
Flag Rnk 616 / 1214
2018
Origin $5.19M Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $5.19MChinese Taipei
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2018, China exported $3.65B in Other Hand Tools, making it the 1st largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 171st most exported product in China. The main destination of Other Hand Tools exports from China are: United States ($614M), Germany ($231M), Malaysia ($220M), Russia ($173M), and United Kingdom ($154M).

The fastest growing export markets for Other Hand Tools of China between 2022 and 2023 were Malaysia ($112M), Vietnam ($59.4M), and Russia ($42.6M).

Imports In 2023, China imported $109M in Other Hand Tools, becoming the 20th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 616th most imported product in China. China imports Other Hand Tools primarily from: Chinese Taipei ($24M), Germany ($19.2M), United States ($13.9M), Japan ($9.62M), and Israel ($8.44M).

The fastest growing import markets in Other Hand Tools for China between 2022 and 2023 were Chinese Taipei ($5.19M), Israel ($2.87M), and United Arab Emirates ($2.35M).

COMPANIES In 2024, leading companies such as SIGMA Corp (276), CrimsonLogic (163), and Apex Tool Group (93) were at the forefront of shipping Other Hand Tools from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Other Hand Tools exports accounted up to $461M and imports accounted up to $8.59M, resulting in a positive trade balance of $453M. Between December 2023 and December 2024 the exports of China's   Other Hand Tools have increased by $43M (10.3%) from $418M to $461M, while imports increased by $527k (6.54%) from $8.06M to $8.59M.

Destinations In December 2024, Other Hand Tools were exported mostly to United States ($99.1M), Russia ($25.6M), Malaysia ($22.9M), Singapore ($21.8M), and Germany ($18.5M), and were imported mostly from United States ($1.4M), Japan ($1.13M), Chinese Taipei ($994k), Germany ($974k), and Vietnam ($884k).

Growth In December 2024, the increase in Other Hand Tools's year-by-year exports was explained primarily by an increase in exports to United States ($7.82M or 7.99%), Vietnam ($6.01M or 140%), and Brazil ($4.47M or 63.6%). In December 2024, the increase in Other Hand Tools's year-by-year imports was explained primarily by an increase in imports from United States ($511k or 57.6%), Chinese Taipei ($372k or 55.3%), and Japan ($230k or 35.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$43M(10.3%)
IMPORT GROWTH (December 2023 - December 2024)$527k(6.54%)
MAIN EXPORTER (December 2024)Zhejiang Province$201M
MAIN DESTINATION (December 2024)United States$99.1M

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.65B
IMPORTS (2023)$109M
NET TRADE (2023)$3.54B

In 2023, China exported $3.65B in Other Hand Tools. The main destinations of China exports on Other Hand Tools were United States ($614M), Germany ($231M), Malaysia ($220M), Russia ($173M), and United Kingdom ($154M).

In 2023, China imported $109M in Other Hand Tools, mainly from Chinese Taipei ($24M), Germany ($19.2M), United States ($13.9M), Japan ($9.62M), and Israel ($8.44M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR China WERE (2022 - 2023):
Malaysia$112M (103%)
Vietnam$59.4M (152%)
Russia$42.6M (32.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY China WERE (2022 - 2023):
United States-$137M (-18.3%)
Germany-$64.5M (-21.9%)
Canada-$37.6M (-26.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Other Hand Tools were:
Germany $905M
Chinese Taipei $812M
In 2023, China's main importing competitors in Other Hand Tools were:
United States $1.46B
Germany $630M
France $472M

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $34.4M
TOP IMPORT POTENTIALGermany+ $4.91M

Other Hand Tools’s highest export potential is Russia. With an export gap of $34.4M.   Other Hand Tools’s highest import potential is Germany with an import gap of $4.91M.

See methodology.

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