2023
Exports
$1.32BWorld Rnk 11 / 226
Flag Rnk 47 / 96
2023
PRODUCT COMPLEXITY IN Tools & cutlery
1.82Rnk 14 / 1025
2023
Imports
$1.51BWorld Rnk 13 / 226
Flag Rnk 33 / 96
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $1.32B in Tools & cutlery, making it the 11th largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 47th most exported product in India. The main destination of Tools & cutlery exports from India are: United States ($371M), Germany ($97.7M), United Kingdom ($53.7M), United Arab Emirates ($46.2M), and Australia ($36.8M).

The fastest growing export markets for Tools & cutlery of India between 2022 and 2023 were Russia ($12.7M), China ($8.02M), and Netherlands ($4.28M).

Imports In 2023, India imported $1.51B in Tools & cutlery, becoming the 13th largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 33rd most imported product in India. India imports Tools & cutlery primarily from: China ($687M), South Korea ($162M), Japan ($148M), Germany ($133M), and United States ($70.1M).

The fastest growing import markets in Tools & cutlery for India between 2022 and 2023 were China ($111M), Vietnam ($16.3M), and Germany ($14.6M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (226), Apex Tool Group (142), and IKEA Group (79) were at the forefront of shipping Tools & cutlery from India 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 Tools & cutlery. 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)$1.32B
IMPORTS (2023)$1.51B
NET TRADE (2023)-$191M

In 2023, India exported $1.32B in Tools & cutlery. The main destinations of India exports on Tools & cutlery were United States ($371M), Germany ($97.7M), United Kingdom ($53.7M), United Arab Emirates ($46.2M), and Australia ($36.8M).

In 2023, India imported $1.51B in Tools & cutlery, mainly from China ($687M), South Korea ($162M), Japan ($148M), Germany ($133M), and United States ($70.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tools & cutlery EXPORT MARKETS FOR India WERE (2022 - 2023):
Russia$12.7M (52.9%)
China$8.02M (30.1%)
Netherlands$4.28M (17.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools & cutlery BY India WERE (2022 - 2023):
United States-$20.4M (-5.2%)
Belgium-$12.7M (-36.9%)
United Kingdom-$9.2M (-14.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Tools & cutlery were:
In 2023, India's main importing competitors in Tools & cutlery were:

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Trade Value of Tools & cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $126M
TOP IMPORT POTENTIALChina+ $338M

Tools & cutlery’s highest export potential is United States. With an export gap of $126M.   Tools & cutlery’s highest import potential is China with an import gap of $338M.

See methodology.

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