2023
Exports
$147MWorld Rnk 3 / 187
Flag Rnk 676 / 1215
2023
PRODUCT COMPLEXITY IN Tool Sets
1.14Rnk 126 / 1025
2023
Imports
$114MWorld Rnk 1 / 219
Flag Rnk 714 / 1215
2023
ECONOMIC COMPLEXITY of Germany
1.79Rnk 5 / 132

About

Exports In 2023, Germany exported $147M in Tool Sets, making it the 3rd largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 676th most exported product in Germany. The main destination of Tool Sets exports from Germany are: France ($21M), Netherlands ($13.8M), Poland ($13.1M), Austria ($9.33M), and Hungary ($8.74M).

The fastest growing export markets for Tool Sets of Germany between 2022 and 2023 were Spain ($2.04M), Hungary ($2.03M), and Netherlands ($1.99M).

Imports In 2023, Germany imported $114M in Tool Sets, becoming the 1st largest importer of Tool Sets in the world. At the same year, Tool Sets was the 714th most imported product in Germany. Germany imports Tool Sets primarily from: China ($62.6M), Chinese Taipei ($19.3M), Hong Kong ($6.19M), Poland ($4.07M), and Switzerland ($4M).

The fastest growing import markets in Tool Sets for Germany between 2022 and 2023 were Chinese Taipei ($527k), Ecuador ($383k), and Mali ($363k).

COMPANIES In 2023, leading companies such as Porsche (2) were at the forefront of shipping Tool Sets from Germany to the United States.

Latest Trends

Dec 2024

Subnational Monthly Trade

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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 Tool Sets. Countries are shown based on data availability.

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

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Historical Data

Trade Balance

Color
EXPORTS (2023)$147M
IMPORTS (2023)$114M
NET TRADE (2023)$33.2M

In 2023, Germany exported $147M in Tool Sets. The main destinations of Germany exports on Tool Sets were France ($21M), Netherlands ($13.8M), Poland ($13.1M), Austria ($9.33M), and Hungary ($8.74M).

In 2023, Germany imported $114M in Tool Sets, mainly from China ($62.6M), Chinese Taipei ($19.3M), Hong Kong ($6.19M), Poland ($4.07M), and Switzerland ($4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Germany WERE (2022 - 2023):
Spain$2.04M (34.6%)
Hungary$2.03M (30.2%)
Netherlands$1.99M (16.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Germany WERE (2022 - 2023):
United States-$2.33M (-56.4%)
Czechia-$2.3M (-35.5%)
Poland-$1.85M (-12.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Germany's main exporting competitors in Tool Sets were:
In 2023, Germany's main importing competitors in Tool Sets were:
France $93.7M

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $3.38M
TOP IMPORT POTENTIALNetherlands+ $2.64M

Tool Sets’s highest export potential is France. With an export gap of $3.38M.   Tool Sets’s highest import potential is Netherlands with an import gap of $2.64M.

See methodology.

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