Overview: In 2018, Hand Tools were the world's 703rd most traded product, with a total trade of $2.27B. Between 2017 and 2018 the exports of Hand Tools grew by 4.35%, from $2.18B to $2.27B. Trade in Hand Tools represent 0.012% of total world trade.
Exports: In 2018 the top exporters of Hand Tools were China ($802M), Germany ($389M), Chinese Taipei ($171M), United States ($117M), and Switzerland ($74.3M).
Imports: In 2018 the top importers of Hand Tools were United States ($450M), Germany ($166M), France ($104M), Netherlands ($85.1M), and United Kingdom ($82.5M).
Tariffs: In 2018 the average tariff for Hand Tools was 9.22%, been the 464 lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Hand Tools are Iran (35%), Uzbekistan (28.3%), Algeria (26.6%), Bermuda (25%), and Bahamas (22.3%). The countries with the lowest tariffs are Mauritius (0%), Hong Kong (0%), Japan (0%), Sri Lanka (0%), and Singapore (0%).
Ranking: Hand Tools ranks 318th in the Product Complexity Index (PCI).