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2022
Exports $622MWorld Rnk 4 / 218
Flag Rnk 340 / 1217
2022
Destination $18.3M Canada
2021 - 2022
FASTEST GROWING MARKET $18.3MCanada
2022
PRODUCT COMPLEXITY IN Other Hand Tools1.51Rnk 50 / 1025
2022
Imports $1.86BWorld Rnk 1 / 224
Flag Rnk 261 / 1216
2022
Origin $15.3M China
2021 - 2022
FASTEST GROWING ORIGIN $15.3MChinese Taipei
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $622M in Other Hand Tools, making it the 4th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 340th most exported product in United States. The main destination of Other Hand Tools exports from United States are: Canada ($158M), Mexico ($59.6M), United Kingdom ($37.7M), Australia ($30M), and Germany ($27.6M).

The fastest growing export markets for Other Hand Tools of United States between 2021 and 2022 were Canada ($18.3M), Vietnam ($14.2M), and Mexico ($3.48M).

Imports In 2022, United States imported $1.86B in Other Hand Tools, becoming the 1st largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 261st most imported product in United States. United States imports Other Hand Tools primarily from: China ($870M), Chinese Taipei ($484M), India ($82.4M), Mexico ($72.4M), and Germany ($55.1M).

The fastest growing import markets in Other Hand Tools for United States between 2021 and 2022 were Chinese Taipei ($15.3M), Vietnam ($15M), and India ($8.54M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (881), SIGMA Corp (237), and Apex Tool Group (157) were at the forefront of shipping Other Hand Tools to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United States' Other Hand Tools exports accounted up to $51.7M and imports accounted up to $120M, resulting in a negative trade balance of $68.7M. Between October 2023 and October 2024 the exports of United States'   Other Hand Tools have decreased by $-4.99M (-8.79%) from $56.7M to $51.7M, while imports decreased by $-1.6M (-1.31%) from $122M to $120M.

Destinations In October 2024, Other Hand Tools were exported mostly to Canada ($13.4M), Mexico ($6.72M), Germany ($3.68M), United Kingdom ($2.6M), and South Korea ($2.1M), and were imported mostly from China ($47.1M), Chinese Taipei ($24.7M), Vietnam ($7.98M), Mexico ($6.94M), and India ($6.7M).

Growth In October 2024, the decrease in Other Hand Tools's year-by-year exports was explained primarily by a decrease in exports to Sweden ($-1.47M or -92.8%), Chile ($-639k or -64%), and Belgium ($-533k or -50.9%). In October 2024, the decrease in Other Hand Tools's year-by-year imports was explained primarily by a decrease in imports from China ($-16.7M or -25%), Chinese Taipei ($-2.06M or -6.79%), and Mexico ($-1.24M or -19.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$-4.99M(-8.79%)
IMPORT GROWTH (October 2023 - October 2024)$-1.6M(-1.31%)
MAIN EXPORTER (October 2024)New Jersey$7.94M
MAIN DESTINATION (October 2024)Canada$13.4M

This section shows Other 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 Other Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$622M
IMPORTS (2022)$1.86B
NET TRADE (2022)-$1.24B

In 2022, United States exported $622M in Other Hand Tools. The main destinations of United States exports on Other Hand Tools were Canada ($158M), Mexico ($59.6M), United Kingdom ($37.7M), Australia ($30M), and Germany ($27.6M).

In 2022, United States imported $1.86B in Other Hand Tools, mainly from China ($870M), Chinese Taipei ($484M), India ($82.4M), Mexico ($72.4M), and Germany ($55.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$18.3M (13.1%)
Vietnam$14.2M (1.43k%)
Mexico$3.48M (6.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY United States WERE (2021 - 2022):
United Kingdom-$3.09M (-7.58%)
Romania-$1.79M (-87.1%)
Russia-$1.62M (-61.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Other Hand Tools were:
China $4.12B
Chinese Taipei $1.14B
Germany $798M
In 2022, United States's main importing competitors in Other Hand Tools were:
Germany $743M
France $392M

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.96M
TOP IMPORT POTENTIALGermany+ $20.8M

Other Hand Tools’s highest export potential is Germany. With an export gap of $7.96M.   Other Hand Tools’s highest import potential is Germany with an import gap of $20.8M.

See methodology.

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