2023
Exports
$7.17MWorld Rnk 30 / 196
Flag Rnk 625 / 1210
2023
PRODUCT COMPLEXITY IN Hand Tools
0.76Rnk 262 / 1025
2023
Imports
$23.1MWorld Rnk 28 / 220
Flag Rnk 538 / 1213
2023
ECONOMIC COMPLEXITY of Denmark
1.13Rnk 22 / 132

About

Exports In 2023, Denmark exported $7.17M in Hand Tools, making it the 30th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 625th most exported product in Denmark. The main destination of Hand Tools exports from Denmark are: Sweden ($2.03M), Greenland ($1.05M), Finland ($564k), Netherlands ($442k), and France ($398k).

The fastest growing export markets for Hand Tools of Denmark between 2022 and 2023 were South Korea ($150k), France ($128k), and United Kingdom ($78.2k).

Imports In 2023, Denmark imported $23.1M in Hand Tools, becoming the 28th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 538th most imported product in Denmark. Denmark imports Hand Tools primarily from: Germany ($9.17M), Netherlands ($4.45M), Sweden ($2.74M), China ($2.19M), and United States ($735k).

The fastest growing import markets in Hand Tools for Denmark between 2022 and 2023 were Germany ($1.13M), Sweden ($519k), and France ($422k).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hand Tools. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$7.17M
IMPORTS (2023)$23.1M
NET TRADE (2023)-$16M

In 2023, Denmark exported $7.17M in Hand Tools. The main destinations of Denmark exports on Hand Tools were Sweden ($2.03M), Greenland ($1.05M), Finland ($564k), Netherlands ($442k), and France ($398k).

In 2023, Denmark imported $23.1M in Hand Tools, mainly from Germany ($9.17M), Netherlands ($4.45M), Sweden ($2.74M), China ($2.19M), and United States ($735k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Denmark WERE (2022 - 2023):
South Korea$150k (557%)
France$128k (47.1%)
United Kingdom$78.2k (66.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Denmark WERE (2022 - 2023):
Sweden-$880k (-30.3%)
Finland-$117k (-17.2%)
Norway-$103k (-32.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Denmark's main exporting competitors in Hand Tools were:
In 2023, Denmark's main importing competitors in Hand Tools were:

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $412k
TOP IMPORT POTENTIALChina+ $1.29M

Hand Tools’s highest export potential is Germany. With an export gap of $412k.   Hand Tools’s highest import potential is China with an import gap of $1.29M.

See methodology.

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