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820530 (Harmonized System 1992 for 6-digit)

2023
World Trade $164MRnk 3799 / 4644
2023
Top Exporter | Top Importer $80M | $25.2MChina | United States
2023
Product Complexity 0.78Rnk 1147 / 4656
2022 - 2023
Export Growth (CAGR) -19.9%Rnk 3675 / 4644
2023
Share of World Trade 0.00073%Rnk 3799 / 4644

About

Overview This page contains the latest trade data of Planes, chisels, gouges and similar wood cutting tool. In 2023, Planes, chisels, gouges and similar wood cutting tool were the world's 3799th most traded product, with a total trade of $164M. Between 2022 and 2023 the exports of Planes, chisels, gouges and similar wood cutting tool decreased by -19.9%, from $205M to $164M. Trade in Planes, chisels, gouges and similar wood cutting tool represent 0.00073% of total world trade.

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

Exports In 2023 the top exporters of Planes, chisels, gouges and similar wood cutting tool  were China ($80M), United Kingdom ($11.6M), Germany ($7.82M), India ($6.07M), and Switzerland ($5.12M).

Imports In 2023 the top importers of Planes, chisels, gouges and similar wood cutting tool were United States ($25.2M), Germany ($12.2M), United Kingdom ($9.51M), Netherlands ($7.14M), and France ($6.72M).

Ranking Planes, chisels, gouges and similar wood cutting tool ranks 1147th 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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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 (2023)China$80M
Top Destination (2023)United States$25.2M

In 2023 Planes, chisels, gouges and similar wood cutting tool were the world's 3799th most traded product (out of 4,644).

In 2023, the top exporters of Planes, chisels, gouges and similar wood cutting tool were China ($80M), United Kingdom ($11.6M), Germany ($7.82M), India ($6.07M), and Switzerland ($5.12M).

In 2023, the top importers of Planes, chisels, gouges and similar wood cutting tool were United States ($25.2M), Germany ($12.2M), United Kingdom ($9.51M), Netherlands ($7.14M), and France ($6.72M).

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Exporters of Planes, chisels, gouges and similar wood cutting tool (2023)
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Importers of Planes, chisels, gouges and similar wood cutting tool (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Lithuania$1.25M
Top Destination Growth (2022 -  2023)United Arab Emirates$1.47M

Between 2022 and 2023, the exports of Planes, chisels, gouges and similar wood cutting tool grew the fastest in Lithuania ($1.25M), Italy ($959k), Saudi Arabia ($810k), Switzerland ($626k), and United Arab Emirates ($582k).

Between 2022 and 2023, the fastest growing importers of Planes, chisels, gouges and similar wood cutting tool were United Arab Emirates ($1.47M), Latvia ($1.27M), Singapore ($986k), Algeria ($802k), and Bahrain ($802k).

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Exporters of Planes, chisels, gouges and similar wood cutting tool (2022 - 2023)

Importers of Planes, chisels, gouges and similar wood cutting tool (2022 - 2023)

Market Concentration

Value

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

In 2023, market concentration measured using Shannon Entropy, was 3.37. This means that most of the exports of Planes, chisels, gouges and similar wood cutting tool are explained by 10 countries.

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

Net Trade

TOP NET EXPORTER (2023)China$79.2M
TOP NET IMPORTER (2023)United States$20.8M

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 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Planes, chisels, gouges and similar wood cutting tool were China ($79.2M), India ($3.98M), Switzerland ($3.97M), Chinese Taipei ($3.07M), and Czechia ($2.65M).

In 2023, 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 ($20.8M), Netherlands ($6.2M), France ($5.51M), Germany ($4.39M), and Russia ($4.3M).

Net Trade (2023)

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 (2023)

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