2022
Exports
$6.85MWorld Rnk 29 / 203
Flag Rnk 663 / 1214
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$21.5MWorld Rnk 31 / 220
Flag Rnk 561 / 1214
2022
ECONOMIC COMPLEXITY of Denmark
1.01Rnk 27 / 133

About

Exports In 2022, Denmark exported $6.85M in Hand Tools, making it the 29th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 663rd most exported product in Denmark. The main destination of Hand Tools exports from Denmark are: Sweden ($1.16M), Greenland ($1.04M), Norway ($669k), Belgium ($652k), and Germany ($605k).

The fastest growing export markets for Hand Tools of Denmark between 2021 and 2022 were Germany ($335k), Finland ($94.8k), and South Korea ($75.1k).

Imports In 2022, Denmark imported $21.5M in Hand Tools, becoming the 31st largest importer of Hand Tools in the world. At the same year, Hand Tools was the 561st most imported product in Denmark. Denmark imports Hand Tools primarily from: Germany ($8.27M), Netherlands ($4.73M), China ($2.69M), Sweden ($2.29M), and Belgium ($590k).

The fastest growing import markets in Hand Tools for Denmark between 2021 and 2022 were China ($599k), Norway ($89.1k), and Malaysia ($52.4k).

Latest Trends

Oct 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 (2022)$6.85M
IMPORTS (2022)$21.5M
NET TRADE (2022)-$14.6M

In 2022, Denmark exported $6.85M in Hand Tools. The main destinations of Denmark exports on Hand Tools were Sweden ($1.16M), Greenland ($1.04M), Norway ($669k), Belgium ($652k), and Germany ($605k).

In 2022, Denmark imported $21.5M in Hand Tools, mainly from Germany ($8.27M), Netherlands ($4.73M), China ($2.69M), Sweden ($2.29M), and Belgium ($590k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Denmark WERE (2021 - 2022):
Germany$335k (124%)
Finland$94.8k (30.8%)
South Korea$75.1k (301%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Denmark WERE (2021 - 2022):
Belgium-$1.12M (-63.2%)
Bermuda-$132k (-100%)
Greenland-$117k (-10.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Denmark's main exporting competitors in Hand Tools were:
In 2022, 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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