HS Icon Other Hand Tools

8205 (Harmonized System 1992 for 4-digit)

World Trade (2018): $7.6B, Rnk 397 / 1225

Top Exporter (2018): $2.68B, China

Top Importer (2018): $1.44B, United States

Product Complexity (2018): 1.05, Rnk 158 / 1018

Export Growth (CAGR)(2017 - 2018): 15.9%, Rnk 475 / 1225

Mean Tariff (2018): 9.42%, Rnk 456 / 1259

Share of World Trade (2018): 0.041%, Rnk 397 / 1225

Overview:  This page contains the latest trade data of Other Hand Tools. In 2018, Other Hand Tools were the world's 397th most traded product, with a total trade of $7.6B. Between 2017 and 2018 the exports of Other Hand Tools grew by 15.9%, from  $6.56B to $7.6B. Trade in Other Hand Tools represent 0.041% of total world trade.

Exports: In 2018 the top exporters of Other Hand Tools  were China ($2.68B), Chinese Taipei ($852M), Germany ($797M), United States ($518M), and France ($268M).

Imports: In 2018 the top importers of Other Hand Tools were United States ($1.44B), Germany ($642M), France ($349M), United Kingdom ($308M), and Netherlands ($237M).

Tariffs: In 2018 the average tariff for Other Hand Tools was 9.42%, been the 456 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Hand Tools are Iran (33%), Algeria (27.7%), Bermuda (25%), Bahamas (22.4%), and Romania (21.1%). The countries with the lowest tariffs are Angola (0%), Mauritius (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking: Other Hand Tools ranks 158th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): China, $2.68B

Top Destination (2018): United States, $1.44B

Other Hand Tools are the world's 397th most traded product.

In 2018, the top exporters of Other Hand Tools were China ($2.68B), Chinese Taipei ($852M), Germany ($797M), United States ($518M), and France ($268M).

In 2018, the top importers of Other Hand Tools were United States ($1.44B), Germany ($642M), France ($349M), United Kingdom ($308M), and Netherlands ($237M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Chinese Taipei, $258M

Top Destination Growth (2017 - 2018): United States, $193M

Between 2017 and 2018, the exports of Other Hand Tools grew the fastest in Chinese Taipei ($258M), China ($165M), United States ($112M), Netherlands ($55.8M), and United Kingdom ($42.1M).

Between 2017 and 2018, the fastest growing importers of Other Hand Tools were United States ($193M), Germany ($88.2M), China ($37.7M), Brazil ($35.1M), and India ($34.1M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Other Hand Tools.

In 2018,  market concentration measured using Shannon Entropy, was 3.83. This means that most of the exports of Other Hand Tools are explained by 14 countries.

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TOP NET EXPORTER (2018): China, $2.55B

TOP NET IMPORTER (2018): United States, $917M

This map shows which countries export or import more of Other Hand Tools. Each country is colored based on the difference in exports and imports of Other Hand Tools during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Other Hand Tools were China ($2.55B), Chinese Taipei ($810M), Germany ($154M), India ($49M), and Czechia ($27.3M).

In 2018, the countries that had a largest trade value in imports than in exports of Other Hand Tools were United States ($917M), Canada ($145M), Russia ($136M), Australia ($124M), and United Kingdom ($97.6M).

Trade Forecasts

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This section shows forecasts for total trade for Other Hand Tools. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Other Hand Tools was 9.42%.  The countries with the highest tariffs for importing Other Hand Tools were Iran (33%), Algeria (27.7%), Bermuda (25%), Bahamas (22.4%), and Romania (21.1%).

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Product Complexity

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Diversification Frontier

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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.