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2022
Exports $144MWorld Rnk 10 / 218
Flag Rnk 336 / 1216
2022
Destination $2.65M United States
2021 - 2022
FASTEST GROWING MARKET $2.65MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Other Hand Tools1.51Rnk 50 / 1025
2022
Imports $350MWorld Rnk 4 / 224
Flag Rnk 337 / 1214
2022
Origin $2.65M China
2021 - 2022
FASTEST GROWING ORIGIN $2.65MUnited Kingdom
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

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 (15) were at the forefront of shipping Other Hand Tools from United Kingdom to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Other Hand Tools exports accounted up to £10.7M and imports accounted up to £22M, resulting in a negative trade balance of £11.3M. Between October 2023 and October 2024 the exports of United Kingdom's   Other Hand Tools have decreased by £-221k (-2.02%) from £10.9M to £10.7M, while imports increased by £1.89M (9.38%) from £20.1M to £22M.

Destinations In October 2024, Other Hand Tools were exported mostly to United States (£1.85M), Germany (£1.15M), Ireland (£860k), Netherlands (£727k), and France (£617k), and were imported mostly from China (£8.78M), United States (£3.1M), Germany (£2.23M), Chinese Taipei (£1.68M), and France (£857k).

Growth In October 2024, the decrease in Other Hand Tools's year-by-year exports was explained primarily by a decrease in exports to Denmark (£-382k or -74.4%), Sweden (£-217k or -59.1%), and Portugal (£-211k or -93.9%). In October 2024, the increase in Other Hand Tools's year-by-year imports was explained primarily by an increase in imports from United States (£1.7M or 86.8%), Netherlands (£695k or 167%), and France (£382k or 52.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£-221k(-2.02%)
IMPORT GROWTH (October 2023 - October 2024)£1.89M(9.38%)
MAIN EXPORTER (October 2024)Dover Eurotunnel£3.79M
MAIN DESTINATION (October 2024)United States£1.85M

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 (2022)$144M
IMPORTS (2022)$350M
NET TRADE (2022)-$206M

In 2022, United Kingdom exported $144M in Other Hand Tools. The main destinations of United Kingdom exports on Other Hand Tools were United States ($22.5M), Germany ($15.8M), Netherlands ($10.6M), France ($10M), and Ireland ($8.67M).

In 2022, United Kingdom imported $350M in Other Hand Tools, mainly from China ($144M), Chinese Taipei ($55.8M), United States ($37.7M), Germany ($36.3M), and India ($10.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
United Kingdom$2.65M (194%)
Chile$1.95M (872%)
Norway$1.07M (40.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY United Kingdom WERE (2021 - 2022):
Germany-$3.44M (-17.9%)
United States-$3.29M (-12.7%)
Ireland-$3.15M (-26.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Other Hand Tools were:
China $4.12B
Chinese Taipei $1.14B
Germany $798M
In 2022, United Kingdom's main importing competitors in Other Hand Tools were:
United States $1.86B
Germany $743M
France $392M

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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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