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2023
Exports $135MWorld Rnk 10 / 221
Flag Rnk 333 / 1216
2023
Destination $1.98M United States
2022 - 2023
FASTEST GROWING MARKET $1.98MSaudi Arabia
2023
PRODUCT COMPLEXITY IN Other Hand Tools1.82Rnk 14 / 1025
2023
Imports $307MWorld Rnk 4 / 225
Flag Rnk 338 / 1214
2023
Origin $10.1M China
2022 - 2023
FASTEST GROWING ORIGIN $10.1MChina
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $135M in Other Hand Tools, making it the 10th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 333rd most exported product in United Kingdom. The main destination of Other Hand Tools exports from United Kingdom are: United States ($17M), Germany ($13.8M), Netherlands ($11.2M), Ireland ($10.4M), and France ($9.62M).

The fastest growing export markets for Other Hand Tools of United Kingdom between 2022 and 2023 were Saudi Arabia ($1.98M), India ($1.5M), and Republic of the Congo ($1.23M).

Imports In 2023, United Kingdom imported $307M in Other Hand Tools, becoming the 4th largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 338th most imported product in United Kingdom. United Kingdom imports Other Hand Tools primarily from: China ($154M), United States ($40.5M), Chinese Taipei ($25.5M), Germany ($23.3M), and India ($7.61M).

The fastest growing import markets in Other Hand Tools for United Kingdom between 2022 and 2023 were China ($10.1M), Belgium ($1.97M), and Poland ($1.64M).

Latest Trends

December 2024

About

Overview In December 2024 United Kingdom's Other Hand Tools exports accounted up to £9.18M and imports accounted up to £17.9M, resulting in a negative trade balance of £8.73M. Between December 2023 and December 2024 the exports of United Kingdom's   Other Hand Tools have increased by £1.2M (15%) from £7.99M to £9.18M, while imports increased by £2.15M (13.7%) from £15.8M to £17.9M.

Destinations In December 2024, Other Hand Tools were exported mostly to United States (£1.72M), Germany (£1.19M), Ireland (£612k), Netherlands (£517k), and France (£463k), and were imported mostly from China (£7.62M), United States (£2.67M), Germany (£1.62M), France (£958k), and Chinese Taipei (£828k).

Growth In December 2024, the increase in Other Hand Tools's year-by-year exports was explained primarily by an increase in exports to Switzerland (£758k or 893%), Qatar (£341k or 645%), and Germany (£243k or 27.8%). In December 2024, the increase in Other Hand Tools's year-by-year imports was explained primarily by an increase in imports from China (£796k or 13.8%), Norway (£154k or 1.29k%), and Germany (£148k or 7.99%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)£1.2M(15%)
IMPORT GROWTH (December 2023 - December 2024)£2.15M(13.7%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States£1.72M

This section shows Other Hand Tools's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Other Hand Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$135M
IMPORTS (2023)$307M
NET TRADE (2023)-$172M

In 2023, United Kingdom exported $135M in Other Hand Tools. The main destinations of United Kingdom exports on Other Hand Tools were United States ($17M), Germany ($13.8M), Netherlands ($11.2M), Ireland ($10.4M), and France ($9.62M).

In 2023, United Kingdom imported $307M in Other Hand Tools, mainly from China ($154M), United States ($40.5M), Chinese Taipei ($25.5M), Germany ($23.3M), and India ($7.61M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Saudi Arabia$1.98M (77.1%)
India$1.5M (148%)
Republic of the Congo$1.23M (9.02k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY United Kingdom WERE (2022 - 2023):
Germany-$1.03M (-6.96%)
Poland-$999k (-40.8%)
United States-$803k (-4.52%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Other Hand Tools were:
China $3.65B
Germany $905M
Chinese Taipei $812M
In 2023, United Kingdom's main importing competitors in Other Hand Tools were:
United States $1.46B
Germany $630M
France $472M

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $7.48M
TOP IMPORT POTENTIALGermany+ $8.96M

Other Hand Tools’s highest export potential is United States. With an export gap of $7.48M.   Other Hand Tools’s highest import potential is Germany with an import gap of $8.96M.

See methodology.

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