2022
Exports
$31.5MWorld Rnk 16 / 203
Flag Rnk 504 / 1193
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$82.2MWorld Rnk 7 / 220
Flag Rnk 535 / 1208
2022
ECONOMIC COMPLEXITY of Mexico
1.08Rnk 25 / 133

About

Exports In 2022, Mexico exported $31.5M in Hand Tools, making it the 16th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 504th most exported product in Mexico. The main destination of Hand Tools exports from Mexico are: United States ($18.8M), Guatemala ($4.07M), Dominican Republic ($1.84M), El Salvador ($896k), and Colombia ($778k).

The fastest growing export markets for Hand Tools of Mexico between 2021 and 2022 were United States ($9.89M), Colombia ($154k), and Spain ($142k).

Imports In 2022, Mexico imported $82.2M in Hand Tools, becoming the 7th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 535th most imported product in Mexico. Mexico imports Hand Tools primarily from: N/A.

The fastest growing import markets in Hand Tools for Mexico between 2021 and 2022 were China ($6.39M), United States ($3.62M), and Malaysia ($677k).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (1) and Celebrity Cruises (1) were at the forefront of shipping Hand Tools from Mexico to the United States.

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)$31.5M
IMPORTS (2022)$82.2M
NET TRADE (2022)-$50.7M

In 2022, Mexico exported $31.5M in Hand Tools. The main destinations of Mexico exports on Hand Tools were United States ($18.8M), Guatemala ($4.07M), Dominican Republic ($1.84M), El Salvador ($896k), and Colombia ($778k).

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Export Destinations (NaN)

Import Origins (NaN)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Mexico WERE (2021 - 2022):
United States$9.89M (111%)
Colombia$154k (24.8%)
Spain$142k (123%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Mexico WERE (2021 - 2022):
Guatemala-$750k (-15.6%)
Dominican Republic-$297k (-13.9%)
Netherlands-$283k (-65.2%)

Change in Exports by Market (undefined - undefined)

Market Concentration

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Flow
Type
In 2022, Mexico's main exporting competitors in Hand Tools were:
In 2022, Mexico'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 POTENTIALUnited States+ $5.44M
TOP IMPORT POTENTIALGermany+ $1.64M

Hand Tools’s highest export potential is United States. With an export gap of $5.44M.   Hand Tools’s highest import potential is Germany with an import gap of $1.64M.

See methodology.

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