Other Hand Tools in China | The Observatory of Economic Complexity

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 SIGMA CORPORATION (11.3k), IKEA SUPPLY AG (6.66k), and APEX TOOL GROUP, LLC. (1.23k) were at the forefront of shipping Other Hand Tools from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Other Hand Tools exports accounted up to $281M and imports accounted up to $5.45M, resulting in a positive trade balance of $276M. Between February 2023 and February 2024 the exports of China's Other Hand Tools have increased by $86.3M (44.3%) from $195M to $281M, while imports decreased by $-1.21M (-18.1%) from $6.65M to $5.45M.

Destinations In February 2024, Other Hand Tools were exported mostly to United States ($62.3M), Singapore ($18.5M), Malaysia ($13.6M), Russia ($13.1M), and Germany ($11.6M), and were imported mostly from Germany ($980k), United States ($948k), Japan ($537k), China ($534k), and Taiwan ($515k).

Growth In February 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 ($5.45M or 53.8%). In February 2024, the decrease in Other Hand Tools's year-by-year imports was explained primarily by a decrease in imports from Taiwan ($-680k or -50.3%), United States ($-374k or -29.6%), and Germany ($-353k or -19.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$86.3M(44.3%)

IMPORT GROWTH (February 2023 - February 2024)$-1.21M(-18.1%)

MAIN EXPORTER (February 2024)Zhejiang Province$201M

MAIN DESTINATION (February 2024)United States$62.3M

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

Trade Value

Growth

Growth (%)

Year

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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