HS Icon Other Hand Tools

8205 (Harmonized System 1992 for 4-digit)

Overview:  This page contains the latest trade data of Other Hand Tools. In 2019, Other Hand Tools were the world's 385th most traded product, with a total trade of $7.74B. Between 2018 and 2019 the exports of Other Hand Tools grew by 0.099%, from $7.73B to $7.74B. Trade in Other Hand Tools represent 0.043% of total world trade.

Exports: In 2019 the top exporters of Other Hand Tools  were China ($2.84B), Chinese Taipei ($833M), Germany ($784M), United States ($591M), and France ($266M).

Imports: In 2019 the top importers of Other Hand Tools were United States ($1.35B), Germany ($636M), France ($356M), United Kingdom ($317M), and Canada ($268M).

Tariffs: In 2018 the average tariff for Other Hand Tools was 9.42%, making it the 456th 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 60th in the Product Complexity Index (PCI).

Description: Hand tools are used to perform a variety of tasks. They can be made from a variety of materials, including metal, wood, and plastic.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $2.84B

Top Destination (2019): United States, $1.35B

Other Hand Tools are the world's 385th most traded product.

In 2019, the top exporters of Other Hand Tools were China ($2.84B), Chinese Taipei ($833M), Germany ($784M), United States ($591M), and France ($266M).

In 2019, the top importers of Other Hand Tools were United States ($1.35B), Germany ($636M), France ($356M), United Kingdom ($317M), and Canada ($268M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $158M

Top Destination Growth (2018 - 2019): Saudi Arabia, $33.2M

Between 2018 and 2019, the exports of Other Hand Tools grew the fastest in China ($158M), Guyana ($23M), Poland ($12.6M), Trinidad and Tobago ($11.3M), and United Arab Emirates ($11M).

Between 2018 and 2019, the fastest growing importers of Other Hand Tools were Saudi Arabia ($33.2M), Iraq ($29.4M), Philippines ($23.3M), Trinidad and Tobago ($23.1M), and Chinese Taipei ($20.7M).

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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 2019,  market concentration measured using Shannon Entropy, was 3.78. This means that most of the exports of Other Hand Tools are explained by 13 countries.

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TOP NET EXPORTER (2019): China, $2.71B

TOP NET IMPORTER (2019): United States, $758M

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 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Other Hand Tools were China ($2.71B), Chinese Taipei ($769M), Germany ($148M), India ($44.5M), and Czechia ($16.8M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Hand Tools were United States ($758M), Canada ($203M), Russia ($160M), Australia ($120M), and United Kingdom ($114M).

Disaggregation

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Value

In 2019, the world most traded Other Hand Tools, disaggragated by their HS6 level were Tools for masons/watchmakers/miners, hand tools nes ($3.59B), Cork screws, nut-crackers and other household... ($1.33B), Screwdrivers ($815M), Vices, clamps and the like ($725M), and Hammers including sledge hammers ($465M)

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%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Other Hand Tools to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.