2023
Exports
$9.9MWorld Rnk 25 / 196
Flag Rnk 698 / 1212
2023
PRODUCT COMPLEXITY IN Hand Tools
0.76Rnk 262 / 1025
2023
Imports
$27.3MWorld Rnk 26 / 220
Flag Rnk 606 / 1212
2023
ECONOMIC COMPLEXITY of Thailand
0.96Rnk 29 / 132

About

Exports In 2023, Thailand exported $9.9M in Hand Tools, making it the 25th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 698th most exported product in Thailand. The main destination of Hand Tools exports from Thailand are: Japan ($6.55M), United States ($852k), Burma ($290k), Singapore ($246k), and Brazil ($229k).

The fastest growing export markets for Hand Tools of Thailand between 2022 and 2023 were United States ($742k), Brazil ($170k), and Saudi Arabia ($142k).

Imports In 2023, Thailand imported $27.3M in Hand Tools, becoming the 26th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 606th most imported product in Thailand. Thailand imports Hand Tools primarily from: China ($14.4M), Japan ($2.64M), Germany ($2.25M), Chinese Taipei ($1.84M), and United States ($891k).

The fastest growing import markets in Hand Tools for Thailand between 2022 and 2023 were Singapore ($395k), United Kingdom ($318k), and Germany ($205k).

Latest Trends

Jan 2025

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)$9.9M
IMPORTS (2023)$27.3M
NET TRADE (2023)-$17.4M

In 2023, Thailand exported $9.9M in Hand Tools. The main destinations of Thailand exports on Hand Tools were Japan ($6.55M), United States ($852k), Burma ($290k), Singapore ($246k), and Brazil ($229k).

In 2023, Thailand imported $27.3M in Hand Tools, mainly from China ($14.4M), Japan ($2.64M), Germany ($2.25M), Chinese Taipei ($1.84M), and United States ($891k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Thailand WERE (2022 - 2023):
United States$742k (674%)
Brazil$170k (289%)
Saudi Arabia$142k (1.21k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Thailand WERE (2022 - 2023):
Japan-$524k (-7.4%)
Cambodia-$366k (-72.8%)
Burma-$116k (-28.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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