2022
Exports
$68MWorld Rnk 8 / 203
Flag Rnk 361 / 1176
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$32.7MWorld Rnk 24 / 220
Flag Rnk 636 / 1208
2022
ECONOMIC COMPLEXITY of Vietnam
0.2Rnk 55 / 133

About

Exports In 2022, Vietnam exported $68M in Hand Tools, making it the 8th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 361st most exported product in Vietnam. The main destination of Hand Tools exports from Vietnam are: United States ($40.2M), Germany ($6.45M), Chinese Taipei ($5.28M), China ($4.14M), and Japan ($3.87M).

The fastest growing export markets for Hand Tools of Vietnam between 2021 and 2022 were United States ($19.1M), Canada ($1.33M), and Turkey ($744k).

Imports In 2022, Vietnam imported $32.7M in Hand Tools, becoming the 24th largest importer of Hand Tools in the world. At the same year, Hand Tools was the 636th most imported product in Vietnam. Vietnam imports Hand Tools primarily from: China ($26.3M), Singapore ($1.48M), Chinese Taipei ($1.37M), Japan ($978k), and Switzerland ($702k).

The fastest growing import markets in Hand Tools for Vietnam between 2021 and 2022 were China ($5.19M), Switzerland ($242k), and Thailand ($164k).

COMPANIES In 2023, leading companies such as Apex Tool Group (10), REI (Recreational Equipment Incorporated) (6), and Stanley Black & Decker (6) were at the forefront of shipping Hand Tools from Vietnam to the United States.

Latest Trends

Jul 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)$68M
IMPORTS (2022)$32.7M
NET TRADE (2022)$35.3M

In 2022, Vietnam exported $68M in Hand Tools. The main destinations of Vietnam exports on Hand Tools were United States ($40.2M), Germany ($6.45M), Chinese Taipei ($5.28M), China ($4.14M), and Japan ($3.87M).

In 2022, Vietnam imported $32.7M in Hand Tools, mainly from China ($26.3M), Singapore ($1.48M), Chinese Taipei ($1.37M), Japan ($978k), and Switzerland ($702k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR Vietnam WERE (2021 - 2022):
United States$19.1M (90.1%)
Canada$1.33M (95.6%)
Turkey$744k (206%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY Vietnam WERE (2021 - 2022):
Austria-$306k (-98.3%)
China-$282k (-6.37%)
Netherlands-$151k (-67.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Vietnam's main exporting competitors in Hand Tools were:
In 2022, Vietnam'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
N/AN/AN/A
TOP IMPORT POTENTIALChina+ $6.35M

Hand Tools’s highest export potential is N/A. With an export gap of N/A.   Hand Tools’s highest import potential is China with an import gap of $6.35M.

See methodology.

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