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Tools, hand; files, rasps, pliers (including cutting pliers), pincers, tweezers, metal cutting shears, pipe cutters, bolt croppers, perforating punches and similar

8203 (Harmonized System 1992 for 4-digit)

2022
World Trade $2.87BRnk 689 / 1218
2022
Top Exporter | Top Importer $1.12B | $552MChina | United States
2022
Product Complexity 0.78Rnk 250 / 1033
2021 - 2022
Export Growth (CAGR) 1.52%Rnk 796 / 1218
2022
Share of World Trade 0.012%Rnk 689 / 1218

About

Overview This page contains the latest trade data of Hand Tools. In 2022, Hand Tools were the world's 689th most traded product, with a total trade of $2.87B. Between 2021 and 2022 the exports of Hand Tools grew by 1.52%, from $2.83B to $2.87B. Trade in Hand Tools represent 0.012% of total world trade.

Hand Tools are a part of Tools & cutlery. They include Pliers, pincers, tweezers and similar tools, Files, rasps and similar tools, Pipe-cutters, bolt croppers, perforating punches etc., and Metal and wire cutting shears, etc.

Exports In 2022 the top exporters of Hand Tools  were China ($1.12B), Germany ($462M), Chinese Taipei ($202M), United States ($185M), and India ($84.4M).

Imports In 2022 the top importers of Hand Tools were United States ($552M), Germany ($197M), France ($121M), Canada ($103M), and Netherlands ($102M).

Ranking Hand Tools ranks 250th in the Product Complexity Index (PCI).

Description Files, rasps, pliers, and other hand tools are used to shape metal. They can be made from a variety of materials, including steel, aluminum, and copper.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hand Tools. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)China$1.12B
Top Destination (2022)United States$552M

In 2022 Hand Tools were the world's 689th most traded product (out of 1,218).

In 2022, the top exporters of Hand Tools were China ($1.12B), Germany ($462M), Chinese Taipei ($202M), United States ($185M), and India ($84.4M).

In 2022, the top importers of Hand Tools were United States ($552M), Germany ($197M), France ($121M), Canada ($103M), and Netherlands ($102M).

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Exporters of Hand Tools (2022)
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Importers of Hand Tools (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)China$71.4M
Top Destination Growth (2021 -  2022)United States$22M

Between 2021 and 2022, the exports of Hand Tools grew the fastest in China ($71.4M), Vietnam ($22.2M), United States ($10.3M), Mexico ($8.75M), and United Arab Emirates ($8M).

Between 2021 and 2022, the fastest growing importers of Hand Tools were United States ($22M), Singapore ($21.1M), Australia ($9.38M), Mexico ($8.93M), and Canada ($5.74M).

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Exporters of Hand Tools (2021 - 2022)

Importers of Hand Tools (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hand Tools.

In 2022, market concentration measured using Shannon Entropy, was 3.51. This means that most of the exports of Hand Tools are explained by 11 countries.

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Value of Exports in Hand Tools

Net Trade

TOP NET EXPORTER (2022)China$1.07B
TOP NET IMPORTER (2022)United States$367M

This map shows which countries export or import more of Hand Tools. Each country is colored based on the difference in exports and imports of Hand Tools during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Hand Tools were China ($1.07B), Germany ($265M), Chinese Taipei ($178M), India ($60.3M), and Switzerland ($37.9M).

In 2022, the countries that had a largest trade value in imports than in exports of Hand Tools were United States ($367M), Canada ($98.7M), France ($68.5M), United Kingdom ($64.9M), and Australia ($61.3M).

Net Trade (2022)

Disaggregation

Value

In 2022, the world most traded Hand Tools, disaggragated by their HS6 level were Pliers, pincers, tweezers and similar tools ($2.05B), Files, rasps and similar tools ($342M), Pipe-cutters, bolt croppers, perforating punches etc. ($279M), and Metal and wire cutting shears, etc ($199M)

HS6 Disaggregation for Hand Tools (2022)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Hand Tools.
It is possible to select the main countries that export or import Hand Tools in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hand Tools by percentage of total exports

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $9.65M
TOP IMPORT POTENTIALVietnam+ $2.74M

Hand Tools’s highest export potential is India. With an export gap of $9.65M.  Hand Tools’s highest import potential is Vietnam with an import gap of $2.74M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2022)

Related Products

This visualization shows products that are likely to be exported by countries that export Hand Tools.

Country by Relatedness

The following visualization shows the relatedness of Hand Tools to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2022)

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