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2022
Exports $1.12BWorld Rnk 1 / 203
Flag Rnk 409 / 1216
2022
Destination $19.9M United States
2021 - 2022
FASTEST GROWING MARKET $19.9MSingapore
2022
PRODUCT COMPLEXITY IN Hand Tools0.83Rnk 235 / 1025
2022
Imports $44.3MWorld Rnk 16 / 220
Flag Rnk 804 / 1212
2022
Origin $2.16M Chinese Taipei
2021 - 2022
FASTEST GROWING ORIGIN $2.16MChinese Taipei
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $1.12B in Hand Tools, making it the 1st largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 409th most exported product in China. The main destination of Hand Tools exports from China are: United States ($261M), Germany ($52.3M), Mexico ($44.6M), Russia ($38.5M), and United Kingdom ($33.5M).

The fastest growing export markets for Hand Tools of China between 2021 and 2022 were Singapore ($19.9M), Germany ($7.52M), and Mexico ($6.39M).

Imports In 2022, China imported $44.3M in Hand Tools, becoming the 16th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 804th most imported product in China. China imports Hand Tools primarily from: Chinese Taipei ($12.3M), Germany ($8.97M), Vietnam ($4.14M), United States ($3.5M), and Pakistan ($2.99M).

The fastest growing import markets in Hand Tools for China between 2021 and 2022 were Chinese Taipei ($2.16M), United Arab Emirates ($1.86M), and Pakistan ($1.55M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (121), Walgreens (54), and Apex Tool Group (48) were at the forefront of shipping Hand Tools from China to the United States.

Latest Trends

August 2024

About

Overview In August 2024 China's Hand Tools exports accounted up to $100M and imports accounted up to $3.83M, resulting in a positive trade balance of $96.2M. Between August 2023 and August 2024 the exports of China's   Hand Tools have increased by $3.37M (3.49%) from $96.7M to $100M, while imports decreased by $-201k (-4.99%) from $4.03M to $3.83M.

Destinations In August 2024, Hand Tools were exported mostly to United States ($29.5M), Mexico ($3.65M), Russia ($3.39M), Germany ($3.23M), and Netherlands ($2.81M), and were imported mostly from Chinese Taipei ($722k), Germany ($643k), United States ($525k), Vietnam ($446k), and Japan ($371k).

Growth In August 2024, the increase in Hand Tools's year-by-year exports was explained primarily by an increase in exports to Malaysia ($1.64M or 108%), Singapore ($1.54M or 204%), and Australia ($1.37M or 68.6%). In August 2024, the decrease in Hand Tools's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei ($-477k or -42.3%), Vietnam ($-339k or -72.5%), and Switzerland ($-214k or -41.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$3.37M(3.49%)
IMPORT GROWTH (August 2023 - August 2024)$-201k(-4.99%)
MAIN EXPORTER (August 2024)Zhejiang Province$51.9M
MAIN DESTINATION (August 2024)United States$29.5M

This section shows Hand Tools's exports and imports data at subnational level for China. 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 Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.12B
IMPORTS (2022)$44.3M
NET TRADE (2022)$1.07B

In 2022, China exported $1.12B in Hand Tools. The main destinations of China exports on Hand Tools were United States ($261M), Germany ($52.3M), Mexico ($44.6M), Russia ($38.5M), and United Kingdom ($33.5M).

In 2022, China imported $44.3M in Hand Tools, mainly from Chinese Taipei ($12.3M), Germany ($8.97M), Vietnam ($4.14M), United States ($3.5M), and Pakistan ($2.99M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR China WERE (2021 - 2022):
Singapore$19.9M (295%)
Germany$7.52M (16.8%)
Mexico$6.39M (16.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY China WERE (2021 - 2022):
United States-$22.9M (-8.06%)
Algeria-$3.06M (-55.8%)
France-$2.99M (-10.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Hand Tools were:
Germany $462M
Chinese Taipei $202M
In 2022, China's main importing competitors in Hand Tools were:
United States $552M
Germany $197M
France $121M

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $9.65M
TOP IMPORT POTENTIALVietnam+ $2.74M

Hand Tools’s highest export potential is India. With an export gap of $9.65M.   Hand Tools’s highest import potential is Vietnam with an import gap of $2.74M.

See methodology.

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