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2022
Exports $19.3MWorld Rnk 5 / 132
Flag Rnk 989 / 1217
2022
Destination $1.1M Canada
2021 - 2022
FASTEST GROWING MARKET $1.1MMexico
2022
PRODUCT COMPLEXITY IN Cooking Hand Tools0.5Rnk 368 / 1025
2022
Imports $105MWorld Rnk 1 / 209
Flag Rnk 873 / 1216
2022
Origin $1.06M China
2021 - 2022
FASTEST GROWING ORIGIN $1.06MIndia
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $19.3M in Cooking Hand Tools, making it the 5th largest exporter of Cooking Hand Tools in the world. At the same year, Cooking Hand Tools was the 989th most exported product in United States. The main destination of Cooking Hand Tools exports from United States are: Canada ($9.24M), Mexico ($1.55M), Costa Rica ($1.36M), Germany ($1.04M), and South Korea ($709k).

The fastest growing export markets for Cooking Hand Tools of United States between 2021 and 2022 were Mexico ($1.1M), Costa Rica ($575k), and Germany ($327k).

Imports In 2022, United States imported $105M in Cooking Hand Tools, becoming the 1st largest importer of Cooking Hand Tools in the world. At the same year, Cooking Hand Tools was the 873rd most imported product in United States. United States imports Cooking Hand Tools primarily from: China ($75.5M), France ($5.13M), Italy ($4.8M), Portugal ($3.44M), and Colombia ($3.43M).

The fastest growing import markets in Cooking Hand Tools for United States between 2021 and 2022 were India ($1.06M), Colombia ($789k), and France ($734k).

COMPANIES In 2023, leading companies such as Lollicup (524), Walong Marketing (51), and QVC Inc (16) were at the forefront of shipping Cooking Hand Tools to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Cooking Hand Tools exports accounted up to $2.11M and imports accounted up to $13.3M, resulting in a negative trade balance of $11.2M. Between August 2023 and August 2024 the exports of United States'   Cooking Hand Tools have increased by $84.6k (4.18%) from $2.02M to $2.11M, while imports increased by $3.55M (36.3%) from $9.78M to $13.3M.

Destinations In August 2024, Cooking Hand Tools were exported mostly to Canada ($892k), Netherlands ($391k), Costa Rica ($149k), Mexico ($141k), and South Korea ($79.7k), and were imported mostly from China ($9.61M), Portugal ($745k), France ($717k), Chinese Taipei ($672k), and Italy ($387k).

Growth In August 2024, the increase in Cooking Hand Tools's year-by-year exports was explained primarily by an increase in exports to Germany ($158k or 274%), Costa Rica ($88.2k or 45.1%), and Philippines ($27.1k or 363%). In August 2024, the increase in Cooking Hand Tools's year-by-year imports was explained primarily by an increase in imports from Portugal ($475k or 211%), Italy ($268k or 360%), and Czechia ($214k or 750%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$84.6k(4.18%)
IMPORT GROWTH (August 2023 - August 2024)$3.55M(36.3%)
MAIN EXPORTER (August 2024)Florida$559k
MAIN DESTINATION (August 2024)Canada$892k

This section shows Cooking Hand Tools's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Cooking Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.3M
IMPORTS (2022)$105M
NET TRADE (2022)-$85.6M

In 2022, United States exported $19.3M in Cooking Hand Tools. The main destinations of United States exports on Cooking Hand Tools were Canada ($9.24M), Mexico ($1.55M), Costa Rica ($1.36M), Germany ($1.04M), and South Korea ($709k).

In 2022, United States imported $105M in Cooking Hand Tools, mainly from China ($75.5M), France ($5.13M), Italy ($4.8M), Portugal ($3.44M), and Colombia ($3.43M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cooking Hand Tools EXPORT MARKETS FOR United States WERE (2021 - 2022):
Mexico$1.1M (239%)
Costa Rica$575k (73.5%)
Germany$327k (46%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cooking Hand Tools BY United States WERE (2021 - 2022):
Canada-$1.21M (-11.6%)
Venezuela-$685k (-85.7%)
France-$149k (-81.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Cooking Hand Tools were:
China $357M
Germany $40.9M
France $33.7M
In 2022, United States's main importing competitors in Cooking Hand Tools were:
Germany $48.9M
Canada $22M

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Trade Value of Cooking Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $368k
TOP IMPORT POTENTIALGermany+ $1.13M

Cooking Hand Tools’s highest export potential is Germany. With an export gap of $368k.   Cooking Hand Tools’s highest import potential is Germany with an import gap of $1.13M.

See methodology.

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