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2022
Exports $4.12BWorld Rnk 1 / 218
Flag Rnk 168 / 1216
2022
Destination $85.2M United States
2021 - 2022
FASTEST GROWING MARKET $85.2MSingapore
2022
PRODUCT COMPLEXITY IN Other Hand Tools1.51Rnk 50 / 1025
2022
Imports $118MWorld Rnk 20 / 224
Flag Rnk 616 / 1212
2022
Origin $4.54M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $4.54MIsrael
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $4.12B 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 168th most exported product in China. The main destination of Other Hand Tools exports from China are: United States ($870M), Germany ($251M), United Kingdom ($144M), Malaysia ($132M), and Russia ($131M).

The fastest growing export markets for Other Hand Tools of China between 2021 and 2022 were Singapore ($85.2M), Australia ($29.7M), and Malaysia ($29M).

Imports In 2022, China imported $118M 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 ($28.9M), Germany ($22.9M), United States ($16.9M), Japan ($8.01M), and Israel ($5.56M).

The fastest growing import markets in Other Hand Tools for China between 2021 and 2022 were Israel ($4.54M), United Kingdom ($804k), and Thailand ($294k).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (239), SIGMA Corp (218), and IKEA Group (90) were at the forefront of shipping Other Hand Tools from China to the United States.

Latest Trends

November 2024

About

Overview In November 2024 China's Other Hand Tools exports accounted up to $396M and imports accounted up to $7.77M, resulting in a positive trade balance of $388M. Between November 2023 and November 2024 the exports of China's   Other Hand Tools have increased by $21M (5.59%) from $375M to $396M, while imports decreased by $-941k (-10.8%) from $8.71M to $7.77M.

Destinations In November 2024, Other Hand Tools were exported mostly to United States ($91.6M), Malaysia ($18.7M), Russia ($17.8M), Singapore ($17.4M), and Germany ($15.6M), and were imported mostly from United States ($1.18M), Germany ($1.03M), Vietnam ($962k), Japan ($882k), and Chinese Taipei ($772k).

Growth In November 2024, the increase in Other Hand Tools's year-by-year exports was explained primarily by an increase in exports to Singapore ($23.5M or 698%), Australia ($7.72M or 77.7%), and Malaysia ($5.45M or 53.8%). In November 2024, the decrease in Other Hand Tools's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-680k or -50.3%), United States ($-374k or -29.6%), and Germany ($-353k or -19.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$21M(5.59%)
IMPORT GROWTH (November 2023 - November 2024)$-941k(-10.8%)
MAIN EXPORTER (November 2024)Zhejiang Province$201M
MAIN DESTINATION (November 2024)United States$91.6M

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 (2022)$4.12B
IMPORTS (2022)$118M
NET TRADE (2022)$4B

In 2022, China exported $4.12B in Other Hand Tools. The main destinations of China exports on Other Hand Tools were United States ($870M), Germany ($251M), United Kingdom ($144M), Malaysia ($132M), and Russia ($131M).

In 2022, China imported $118M in Other Hand Tools, mainly from Chinese Taipei ($28.9M), Germany ($22.9M), United States ($16.9M), Japan ($8.01M), and Israel ($5.56M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR China WERE (2021 - 2022):
Singapore$85.2M (256%)
Australia$29.7M (31.9%)
Malaysia$29M (28.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY China WERE (2021 - 2022):
United Kingdom-$38M (-20.9%)
Chile-$18.3M (-25.9%)
Belgium-$12.4M (-21.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Other Hand Tools were:
Chinese Taipei $1.14B
Germany $798M
In 2022, China's main importing competitors in Other Hand Tools were:
United States $1.86B
Germany $743M
France $392M

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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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