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2023
Exports $997MWorld Rnk 1 / 196
Flag Rnk 420 / 1215
2023
Destination $24.7M United States
2022 - 2023
FASTEST GROWING MARKET $24.7MMalaysia
2023
PRODUCT COMPLEXITY IN Hand Tools0.76Rnk 262 / 1025
2023
Imports $41.7MWorld Rnk 16 / 220
Flag Rnk 796 / 1214
2023
Origin $913k Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $913kSwitzerland
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $997M in Hand Tools, making it the 1st largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 420th most exported product in China. The main destination of Hand Tools exports from China are: United States ($184M), Russia ($53.1M), Germany ($51.8M), Mexico ($38.1M), and Australia ($36.2M).

The fastest growing export markets for Hand Tools of China between 2022 and 2023 were Malaysia ($24.7M), Australia ($16.4M), and Vietnam ($16.3M).

Imports In 2023, China imported $41.7M in Hand Tools, becoming the 16th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 796th most imported product in China. China imports Hand Tools primarily from: Chinese Taipei ($9.56M), Germany ($9.29M), United States ($4.04M), Vietnam ($3.83M), and Pakistan ($3.58M).

The fastest growing import markets in Hand Tools for China between 2022 and 2023 were Switzerland ($913k), Pakistan ($587k), and Brazil ($502k).

COMPANIES In 2024, leading companies such as CrimsonLogic (81), Stanley Black & Decker (72), and Walgreens (36) were at the forefront of shipping Hand Tools from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Hand Tools exports accounted up to $124M and imports accounted up to $4.62M, resulting in a positive trade balance of $119M. Between December 2023 and December 2024 the exports of China's   Hand Tools have increased by $17.4M (16.3%) from $107M to $124M, while imports increased by $31.3k (0.68%) from $4.59M to $4.62M.

Destinations In December 2024, Hand Tools were exported mostly to United States ($26.3M), Malaysia ($6.36M), Singapore ($5.83M), Russia ($5.64M), and Netherlands ($4.71M), and were imported mostly from Chinese Taipei ($857k), Germany ($814k), Japan ($692k), Switzerland ($553k), and Vietnam ($450k).

Growth In December 2024, the increase in Hand Tools's year-by-year exports was explained primarily by an increase in exports to United States ($4.67M or 17%), Vietnam ($2.14M or 206%), and Singapore ($1.69M or 73.5%). In December 2024, the increase in Hand Tools's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($400k or 61.5%), Vietnam ($299k or 232%), and Malaysia ($247k or 294%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$17.4M(16.3%)
IMPORT GROWTH (December 2023 - December 2024)$31.3k(0.68%)
MAIN EXPORTER (December 2024)Zhejiang Province$51.9M
MAIN DESTINATION (December 2024)United States$26.3M

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 (2023)$997M
IMPORTS (2023)$41.7M
NET TRADE (2023)$956M

In 2023, China exported $997M in Hand Tools. The main destinations of China exports on Hand Tools were United States ($184M), Russia ($53.1M), Germany ($51.8M), Mexico ($38.1M), and Australia ($36.2M).

In 2023, China imported $41.7M in Hand Tools, mainly from Chinese Taipei ($9.56M), Germany ($9.29M), United States ($4.04M), Vietnam ($3.83M), and Pakistan ($3.58M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR China WERE (2022 - 2023):
Malaysia$24.7M (308%)
Australia$16.4M (82.5%)
Vietnam$16.3M (116%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY China WERE (2022 - 2023):
United States-$42.3M (-18.7%)
Singapore-$19.8M (-76.3%)
Germany-$11.3M (-18%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Hand Tools were:
Germany $448M
Chinese Taipei $235M
In 2023, China's main importing competitors in Hand Tools were:
United States $479M
Germany $204M
France $135M

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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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