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820790 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.31BRnk 1041 / 4644
2023
Top Exporter | Top Importer $718M | $420MChina | United States
2023
Product Complexity 1.52Rnk 164 / 4656
2022 - 2023
Export Growth (CAGR) -6.74%Rnk 2315 / 4644
2023
Share of World Trade 0.015%Rnk 1041 / 4644

About

Overview This page contains the latest trade data of Screwdriver bits and other interchangeable tools. In 2023, Screwdriver bits and other interchangeable tools were the world's 1041st most traded product, with a total trade of $3.31B. Between 2022 and 2023 the exports of Screwdriver bits and other interchangeable tools decreased by -6.74%, from $3.55B to $3.31B. Trade in Screwdriver bits and other interchangeable tools represent 0.015% of total world trade.

Screwdriver bits and other interchangeable tools are a part of Interchangeable Tool Parts.

Exports In 2023 the top exporters of Screwdriver bits and other interchangeable tools  were China ($718M), Germany ($566M), United States ($259M), Chinese Taipei ($215M), and Japan ($162M).

Imports In 2023 the top importers of Screwdriver bits and other interchangeable tools were United States ($420M), Germany ($298M), Thailand ($189M), France ($132M), and Canada ($127M).

Ranking Screwdriver bits and other interchangeable tools ranks 164th in the Product Complexity Index (PCI).

Description Screwdriver bits are usually used to turn screws, bolts, and nuts. A screwdriver with interchangeable bits can be used in a variety of situations. There are different types of screwdriver bits for different jobs, but a flathead screwdriver bit is the most common.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Screwdriver bits and other interchangeable 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.

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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$718M
Top Destination (2023)United States$420M

In 2023 Screwdriver bits and other interchangeable tools were the world's 1041st most traded product (out of 4,644).

In 2023, the top exporters of Screwdriver bits and other interchangeable tools were China ($718M), Germany ($566M), United States ($259M), Chinese Taipei ($215M), and Japan ($162M).

In 2023, the top importers of Screwdriver bits and other interchangeable tools were United States ($420M), Germany ($298M), Thailand ($189M), France ($132M), and Canada ($127M).

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Exporters of Screwdriver bits and other interchangeable tools (2023)
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Importers of Screwdriver bits and other interchangeable tools (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$29.2M
Top Destination Growth (2022 -  2023)Thailand$13.2M

Between 2022 and 2023, the exports of Screwdriver bits and other interchangeable tools grew the fastest in Germany ($29.2M), Thailand ($16.4M), France ($8.35M), Mexico ($6.37M), and United States ($5.04M).

Between 2022 and 2023, the fastest growing importers of Screwdriver bits and other interchangeable tools were Thailand ($13.2M), Indonesia ($11.8M), Switzerland ($9.12M), Morocco ($7.96M), and Russia ($6.1M).

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Exporters of Screwdriver bits and other interchangeable tools (2022 - 2023)

Importers of Screwdriver bits and other interchangeable tools (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Screwdriver bits and other interchangeable tools.

In 2023, market concentration measured using Shannon Entropy, was 4.28. This means that most of the exports of Screwdriver bits and other interchangeable tools are explained by 19 countries.

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Value of Exports in Screwdriver bits and other interchangeable tools

Net Trade

TOP NET EXPORTER (2023)China$613M
TOP NET IMPORTER (2023)United States$162M

This map shows which countries export or import more of Screwdriver bits and other interchangeable tools. Each country is colored based on the difference in exports and imports of Screwdriver bits and other interchangeable tools during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Screwdriver bits and other interchangeable tools were China ($613M), Germany ($268M), Chinese Taipei ($192M), Japan ($97.9M), and Italy ($54.2M).

In 2023, the countries that had a largest trade value in imports than in exports of Screwdriver bits and other interchangeable tools were United States ($162M), Thailand ($152M), Canada ($99.4M), Mexico ($96M), and India ($79.7M).

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 Screwdriver bits and other interchangeable tools.
It is possible to select the main countries that export or import Screwdriver bits and other interchangeable tools in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Screwdriver bits and other interchangeable tools 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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