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Tools, hand; two or more of heading no. 8202 to 8205, put up in sets for retail sale

8206 (Harmonized System 1992 for 4-digit)

2022
World Trade $1.58BRnk 838 / 1218
2022
Top Exporter | Top Importer $777M | $157MChina | Germany
2022
Product Complexity 1.03Rnk 160 / 1033
2021 - 2022
Export Growth (CAGR) -1.64%Rnk 934 / 1218
2022
Share of World Trade 0.0067%Rnk 838 / 1218

About

Overview This page contains the latest trade data of Tool Sets. In 2022, Tool Sets were the world's 838th most traded product, with a total trade of $1.58B. Between 2021 and 2022 the exports of Tool Sets decreased by -1.64%, from $1.61B to $1.58B. Trade in Tool Sets represent 0.0067% of total world trade.

Tool Sets are a part of Tools & cutlery. They include Sets of hand tools, retail.

Exports In 2022 the top exporters of Tool Sets  were China ($777M), Chinese Taipei ($222M), Germany ($143M), United States ($53.4M), and Netherlands ($48.3M).

Imports In 2022 the top importers of Tool Sets were Germany ($157M), United States ($150M), Netherlands ($104M), France ($90.8M), and Russia ($78.7M).

Ranking Tool Sets ranks 160th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tool Sets. 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$777M
Top Destination (2022)Germany$157M

In 2022 Tool Sets were the world's 838th most traded product (out of 1,218).

In 2022, the top exporters of Tool Sets were China ($777M), Chinese Taipei ($222M), Germany ($143M), United States ($53.4M), and Netherlands ($48.3M).

In 2022, the top importers of Tool Sets were Germany ($157M), United States ($150M), Netherlands ($104M), France ($90.8M), and Russia ($78.7M).

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Exporters of Tool Sets (2022)
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Importers of Tool Sets (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Chinese Taipei$16.7M
Top Destination Growth (2021 -  2022)Singapore$16.1M

Between 2021 and 2022, the exports of Tool Sets grew the fastest in Chinese Taipei ($16.7M), Belgium ($8.33M), Poland ($3.97M), United Arab Emirates ($3.65M), and Kyrgyzstan ($3.43M).

Between 2021 and 2022, the fastest growing importers of Tool Sets were Singapore ($16.1M), Russia ($14M), Kyrgyzstan ($11.5M), Australia ($8.02M), and Mexico ($6.21M).

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Exporters of Tool Sets (2021 - 2022)

Importers of Tool Sets (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tool Sets.

In 2022, market concentration measured using Shannon Entropy, was 3.07. This means that most of the exports of Tool Sets are explained by 8 countries.

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Value of Exports in Tool Sets

Net Trade

TOP NET EXPORTER (2022)China$764M
TOP NET IMPORTER (2022)United States$96.6M

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

In 2022, the countries that had a largest trade value in exports than in imports of Tool Sets were China ($764M), Chinese Taipei ($213M), Vietnam ($16.2M), Hong Kong ($5.99M), and San Marino ($48.3k).

In 2022, the countries that had a largest trade value in imports than in exports of Tool Sets were United States ($96.6M), Russia ($74.6M), France ($66.9M), Netherlands ($55.8M), and Malaysia ($44.6M).

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 Tool Sets.
It is possible to select the main countries that export or import Tool Sets in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Tool Sets by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $4.89M
TOP IMPORT POTENTIALGermany+ $426k

Tool Sets’s highest export potential is Russia. With an export gap of $4.89M.  Tool Sets’s highest import potential is Germany with an import gap of $426k.

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)

Country by Relatedness

The following visualization shows the relatedness of Tool Sets 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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