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2023
Exports $597MWorld Rnk 4 / 221
Flag Rnk 328 / 1217
2023
Destination $4.86M Canada
2022 - 2023
FASTEST GROWING MARKET $4.86MMexico
2023
PRODUCT COMPLEXITY IN Other Hand Tools1.82Rnk 14 / 1025
2023
Imports $1.46BWorld Rnk 1 / 225
Flag Rnk 292 / 1215
2023
Origin $7.58M China
2022 - 2023
FASTEST GROWING ORIGIN $7.58MMexico
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $597M in Other Hand Tools, making it the 4th largest exporter of Other Hand Tools in the world. At the same year, Other Hand Tools was the 328th most exported product in United States. The main destination of Other Hand Tools exports from United States are: Canada ($114M), Mexico ($55.2M), United Kingdom ($40.5M), Germany ($30.5M), and Australia ($30.5M).

The fastest growing export markets for Other Hand Tools of United States between 2022 and 2023 were Mexico ($4.86M), United Arab Emirates ($4.63M), and Saudi Arabia ($4.53M).

Imports In 2023, United States imported $1.46B in Other Hand Tools, becoming the 1st largest importer of Other Hand Tools in the world. At the same year, Other Hand Tools was the 292nd most imported product in United States. United States imports Other Hand Tools primarily from: China ($614M), Chinese Taipei ($340M), Mexico ($78.2M), India ($72.5M), and Germany ($55.1M).

The fastest growing import markets in Other Hand Tools for United States between 2022 and 2023 were Mexico ($7.58M), Bahamas ($4.25M), and Thailand ($4.21M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (881), SIGMA Corp (237), and Apex Tool Group (157) were at the forefront of shipping Other Hand Tools to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Other Hand Tools exports accounted up to $52.4M and imports accounted up to $116M, resulting in a negative trade balance of $63.8M. Between November 2023 and November 2024 the exports of United States'   Other Hand Tools have decreased by $-499k (-0.94%) from $52.9M to $52.4M, while imports increased by $5.86M (5.31%) from $110M to $116M.

Destinations In November 2024, Other Hand Tools were exported mostly to Canada ($15M), Mexico ($7.77M), United Kingdom ($2.97M), Japan ($2.69M), and Germany ($2.1M), and were imported mostly from China ($45M), Chinese Taipei ($25.5M), Mexico ($7.97M), India ($6.14M), and Vietnam ($5.9M).

Growth In November 2024, the decrease in Other Hand Tools's year-by-year exports was explained primarily by a decrease in exports to Sweden ($-1.47M or -92.8%), Chile ($-639k or -64%), and Belgium ($-533k or -50.9%). In November 2024, the increase in Other Hand Tools's year-by-year imports was explained primarily by an increase in imports from Vietnam ($875k or 27.7%), Germany ($505k or 16.4%), and Thailand ($389k or 103%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$-499k(-0.94%)
IMPORT GROWTH (November 2023 - November 2024)$5.86M(5.31%)
MAIN EXPORTER (November 2024)New Jersey$7.94M
MAIN DESTINATION (November 2024)Canada$15M

This section shows Other Hand Tools's exports and imports data at subnational level for United States. 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)$597M
IMPORTS (2023)$1.46B
NET TRADE (2023)-$868M

In 2023, United States exported $597M in Other Hand Tools. The main destinations of United States exports on Other Hand Tools were Canada ($114M), Mexico ($55.2M), United Kingdom ($40.5M), Germany ($30.5M), and Australia ($30.5M).

In 2023, United States imported $1.46B in Other Hand Tools, mainly from China ($614M), Chinese Taipei ($340M), Mexico ($78.2M), India ($72.5M), and Germany ($55.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Hand Tools EXPORT MARKETS FOR United States WERE (2022 - 2023):
Mexico$4.86M (9.64%)
United Arab Emirates$4.63M (55.4%)
Saudi Arabia$4.53M (55.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Hand Tools BY United States WERE (2022 - 2023):
Vietnam-$15M (-96.1%)
South Korea-$6.73M (-54.3%)
Malaysia-$5.68M (-54.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Other Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.96M
TOP IMPORT POTENTIALGermany+ $20.8M

Other Hand Tools’s highest export potential is Germany. With an export gap of $7.96M.   Other Hand Tools’s highest import potential is Germany with an import gap of $20.8M.

See methodology.

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