Other Hand Tools in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $144M 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 336th most exported product in United Kingdom. The main destination of Other Hand Tools exports from United Kingdom are: United States ($22.5M), Germany ($15.8M), Netherlands ($10.6M), France ($10M), and Ireland ($8.67M).

The fastest growing export markets for Other Hand Tools of United Kingdom between 2021 and 2022 were United Kingdom ($2.65M), Chile ($1.95M), and Norway ($1.07M).

Imports In 2022, United Kingdom imported $350M 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 337th most imported product in United Kingdom. United Kingdom imports Other Hand Tools primarily from: China ($144M), Chinese Taipei ($55.8M), United States ($37.7M), Germany ($36.3M), and India ($10.9M).

The fastest growing import markets in Other Hand Tools for United Kingdom between 2021 and 2022 were United Kingdom ($2.65M), Czechia ($1.46M), and Mexico ($1.42M).

COMPANIES In 2023, leading companies such as STANLEY BLACK & DECKER, INC (15) were at the forefront of shipping Other Hand Tools from United Kingdom to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United Kingdom's Other Hand Tools exports accounted up to £11M and imports accounted up to £18.5M, resulting in a negative trade balance of £7.47M. Between February 2023 and February 2024 the exports of United Kingdom's Other Hand Tools have increased by £918k (9.07%) from £10.1M to £11M, while imports decreased by £-1.56M (-7.75%) from £20.1M to £18.5M.

Destinations In February 2024, Other Hand Tools were exported mostly to United States (£2.6M), Germany (£1.09M), France (£796k), Netherlands (£705k), and United Arab Emirates (£646k), and were imported mostly from China (£6.51M), United States (£2.68M), Germany (£2.35M), Chinese Taipei (£1.36M), and France (£767k).

Growth In February 2024, the increase in Other Hand Tools's year-by-year exports was explained primarily by an increase in exports to France (£882k or 299%), United States (£432k or 35.4%), and Netherlands (£399k or 58.7%). In February 2024, the decrease in Other Hand Tools's year-by-year imports was explained primarily by a decrease in imports from China (£-4.75M or -45.2%), Chinese Taipei (£-693k or -29.1%), and India (£-444k or -55.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)£918k(9.07%)

IMPORT GROWTH (February 2023 - February 2024)£-1.56M(-7.75%)

MAIN EXPORTER (February 2024)Dover Eurotunnel£2.92M

MAIN DESTINATION (February 2024)United States£2.6M

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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