2022
Exports
$9.56MWorld Rnk 25 / 203
Flag Rnk 716 / 1211
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$32.5MWorld Rnk 25 / 220
Flag Rnk 585 / 1210
2022
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 133

About

Exports In 2022, Thailand exported $9.56M in Hand Tools, making it the 25th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 716th most exported product in Thailand. The main destination of Hand Tools exports from Thailand are: Japan ($6.76M), Malaysia ($383k), United States ($296k), Burma ($225k), and Vietnam ($188k).

The fastest growing export markets for Hand Tools of Thailand between 2021 and 2022 were Malaysia ($308k), Vietnam ($164k), and Brazil ($82.5k).

Imports In 2022, Thailand imported $32.5M in Hand Tools, becoming the 25th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 585th most imported product in Thailand. Thailand imports Hand Tools primarily from: China ($21.3M), Japan ($2.04M), Germany ($1.91M), India ($1.3M), and United States ($1.29M).

The fastest growing import markets in Hand Tools for Thailand between 2021 and 2022 were China ($1.72M), United States ($523k), and India ($240k).

Latest Trends

Aug 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)$9.56M
IMPORTS (2022)$32.5M
NET TRADE (2022)-$23M

In 2022, Thailand exported $9.56M in Hand Tools. The main destinations of Thailand exports on Hand Tools were Japan ($6.76M), Malaysia ($383k), United States ($296k), Burma ($225k), and Vietnam ($188k).

In 2022, Thailand imported $32.5M in Hand Tools, mainly from China ($21.3M), Japan ($2.04M), Germany ($1.91M), India ($1.3M), and United States ($1.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Thailand WERE (2021 - 2022):
Malaysia$308k (415%)
Vietnam$164k (709%)
Brazil$82.5k (415%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Thailand WERE (2021 - 2022):
Japan-$135k (-1.95%)
Thailand-$97.8k (-77.9%)
Philippines-$81.4k (-80.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Thailand's main exporting competitors in Hand Tools were:
In 2022, Thailand'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+ $490k
TOP IMPORT POTENTIALChina+ $1.36M

Hand Tools’s highest export potential is United States. With an export gap of $490k.   Hand Tools’s highest import potential is China with an import gap of $1.36M.

See methodology.

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