Overview: This page contains the latest trade data of Drafting Tools. In 2019, Drafting Tools were the world's 690th most traded product, with a total trade of $2.35B. Between 2018 and 2019 the exports of Drafting Tools decreased by -4.84%, from $2.47B to $2.35B. Trade in Drafting Tools represent 0.013% of total world trade.
Ranking: Drafting Tools ranks 93rd in the Product Complexity Index (PCI).
Description: Drawing, marking-out or mathematical calculating instruments are used to make technical drawings. They can be made from a variety of materials, including plastic and metal.
This chart shows the evolution of the market concentration of exports of Drafting Tools.
In 2019, market concentration measured using Shannon Entropy, was 3.66. This means that most of the exports of Drafting Tools are explained by 12 countries.
This map shows which countries export or import more of Drafting Tools. Each country is colored based on the difference in exports and imports of Drafting Tools during 2019.
In 2019, the countries that had a largest trade value in exports than in imports of Drafting Tools were China ($758M), Japan ($157M), Thailand ($41.6M), Germany ($41.3M), and Chinese Taipei ($15M).
In 2019, the countries that had a largest trade value in imports than in exports of Drafting Tools were United States ($71.3M), Canada ($61.6M), France ($52.1M), Mexico ($46.6M), and Russia ($40.8M).
In 2018, the average tariff for importing Drafting Tools was 5.06%. The countries with the highest tariffs for importing Drafting Tools were Bahamas (34.9%), Ethiopia (29.7%), Bermuda (25%), Algeria (24.3%), and Maldives (17.4%).
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.