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820530 (Harmonized System 1992 for 6-digit)

2022
World Trade $214MRnk 3667 / 4648
2022
Top Exporter | Top Importer $105M | $35.5MChina | United States
2022
Product Complexity 0.99Rnk 778 / 4653
2021 - 2022
Export Growth (CAGR) 0.38%Rnk 2889 / 4648
2022
Share of World Trade 0.0009%Rnk 3667 / 4648

About

Overview This page contains the latest trade data of Planes, chisels, gouges and similar wood cutting tool. In 2022, Planes, chisels, gouges and similar wood cutting tool were the world's 3667th most traded product, with a total trade of $214M. Between 2021 and 2022 the exports of Planes, chisels, gouges and similar wood cutting tool grew by 0.38%, from $214M to $214M. Trade in Planes, chisels, gouges and similar wood cutting tool represent 0.0009% of total world trade.

Planes, chisels, gouges and similar wood cutting tool are a part of Other Hand Tools.

Exports In 2022 the top exporters of Planes, chisels, gouges and similar wood cutting tool  were China ($105M), United States ($19M), United Kingdom ($13.5M), India ($9.3M), and Germany ($8.27M).

Imports In 2022 the top importers of Planes, chisels, gouges and similar wood cutting tool were United States ($35.5M), Vietnam ($16.1M), Germany ($15.8M), United Kingdom ($12.9M), and France ($8.54M).

Ranking Planes, chisels, gouges and similar wood cutting tool ranks 778th in the Product Complexity Index (PCI).

Description Wood chisels are often used for basic wood carving to remove wood to create a rough shape. Planes are a type of chisel that is used to create a smooth surface on a piece of wood. Gouges are used to create a concave surface.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Planes, chisels, gouges and similar wood cutting tool. Countries are shown based on data availability.

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

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* 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$105M
Top Destination (2022)United States$35.5M

In 2022 Planes, chisels, gouges and similar wood cutting tool were the world's 3667th most traded product (out of 4,648).

In 2022, the top exporters of Planes, chisels, gouges and similar wood cutting tool were China ($105M), United States ($19M), United Kingdom ($13.5M), India ($9.3M), and Germany ($8.27M).

In 2022, the top importers of Planes, chisels, gouges and similar wood cutting tool were United States ($35.5M), Vietnam ($16.1M), Germany ($15.8M), United Kingdom ($12.9M), and France ($8.54M).

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Exporters of Planes, chisels, gouges and similar wood cutting tool (2022)
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Importers of Planes, chisels, gouges and similar wood cutting tool (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United States$14.3M
Top Destination Growth (2021 -  2022)Vietnam$14.6M

Between 2021 and 2022, the exports of Planes, chisels, gouges and similar wood cutting tool grew the fastest in United States ($14.3M), China ($4.53M), Vietnam ($2.05M), Ukraine ($997k), and Canada ($923k).

Between 2021 and 2022, the fastest growing importers of Planes, chisels, gouges and similar wood cutting tool were Vietnam ($14.6M), India ($1.69M), Japan ($1.6M), Australia ($1.5M), and Philippines ($1.13M).

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Exporters of Planes, chisels, gouges and similar wood cutting tool (2021 - 2022)

Importers of Planes, chisels, gouges and similar wood cutting tool (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Planes, chisels, gouges and similar wood cutting tool.

In 2022, market concentration measured using Shannon Entropy, was 3.2. This means that most of the exports of Planes, chisels, gouges and similar wood cutting tool are explained by 9 countries.

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Value of Exports in Planes, chisels, gouges and similar wood cutting tool

Net Trade

TOP NET EXPORTER (2022)China$104M
TOP NET IMPORTER (2022)United States$16.5M

This map shows which countries export or import more of Planes, chisels, gouges and similar wood cutting tool. Each country is colored based on the difference in exports and imports of Planes, chisels, gouges and similar wood cutting tool during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Planes, chisels, gouges and similar wood cutting tool were China ($104M), India ($5.49M), Czechia ($5.39M), Chinese Taipei ($4.94M), and Switzerland ($2.99M).

In 2022, the countries that had a largest trade value in imports than in exports of Planes, chisels, gouges and similar wood cutting tool were United States ($16.5M), Vietnam ($12.6M), Germany ($7.56M), France ($7.16M), and Australia ($6.06M).

Net Trade (2022)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Planes, chisels, gouges and similar wood cutting tool.
It is possible to select the main countries that export or import Planes, chisels, gouges and similar wood cutting tool in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Planes, chisels, gouges and similar wood cutting tool by percentage of total exports

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)

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