Overview This page contains the latest trade data of Interchangeable Tool Parts. In 2020, Interchangeable Tool Parts were the world's 177th most traded product, with a total trade of $20.4B. Between 2019 and 2020 the exports of Interchangeable Tool Parts decreased by -10.1%, from $22.7B to $20.4B. Trade in Interchangeable Tool Parts represent 0.12% of total world trade.
Interchangeable Tool Parts are a part of Tools & cutlery. They include Tools for pressing, stamping or punching, Tools for drilling, other than for rock drilling, Screwdriver bits and other interchangeable tools, Rock drilling or earth boring tools except carbide, Tools for milling, Tools for tapping or threading, Dies for drawing or extruding metal, Rock drilling, boring heads of sintered metal, carbid, Tools for turning, and Tools for boring or broaching, among others.
Exports In 2020 the top exporters of Interchangeable Tool Parts were China ($3.78B), Germany ($3.62B), Japan ($1.83B), United States ($1.57B), and South Korea ($1.54B).
Imports In 2020 the top importers of Interchangeable Tool Parts were United States ($2.9B), Germany ($2.12B), China ($1.2B), Mexico ($901M), and France ($731M).
Tariffs In 2018 the average tariff for Interchangeable Tool Parts was 6.27%, making it the 678th lowest tariff using the HS4 product classification.
Ranking Interchangeable Tool Parts ranks 29th in the Product Complexity Index (PCI).
Description Tools are used to make other goods. They can be made from a variety of materials, including steel, aluminum, and plastic.