2022
Exports
$3.15MWorld Rnk 33 / 184
Flag Rnk 714 / 1208
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2022
Imports
$47.5MWorld Rnk 7 / 218
Flag Rnk 503 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $3.15M in Tool Sets, making it the 33rd largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 714th most exported product in Australia. The main destination of Tool Sets exports from Australia are: Australia ($1.02M), Papua New Guinea ($501k), New Zealand ($336k), Indonesia ($202k), and Vanuatu ($95.4k).

The fastest growing export markets for Tool Sets of Australia between 2021 and 2022 were Australia ($1.01M), Indonesia ($86.2k), and Norfolk Island ($54.6k).

Imports In 2022, Australia imported $47.5M in Tool Sets, becoming the 7th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 503rd most imported product in Australia. Australia imports Tool Sets primarily from: China ($24.9M), Chinese Taipei ($18M), United States ($1.19M), Australia ($1.02M), and Germany ($1.01M).

The fastest growing import markets in Tool Sets for Australia between 2021 and 2022 were China ($4.58M), Chinese Taipei ($2.46M), and Australia ($1.01M).

COMPANIES In 2023, leading companies such as QVC Inc (1) were at the forefront of shipping Tool Sets from Australia to the United States.

Latest Trends

Oct 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 Tool Sets. 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)$3.15M
IMPORTS (2022)$47.5M
NET TRADE (2022)-$44.3M

In 2022, Australia exported $3.15M in Tool Sets. The main destinations of Australia exports on Tool Sets were Australia ($1.02M), Papua New Guinea ($501k), New Zealand ($336k), Indonesia ($202k), and Vanuatu ($95.4k).

In 2022, Australia imported $47.5M in Tool Sets, mainly from China ($24.9M), Chinese Taipei ($18M), United States ($1.19M), Australia ($1.02M), and Germany ($1.01M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Australia$1.01M (7.92k%)
Indonesia$86.2k (74.5%)
Norfolk Island$54.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Australia WERE (2021 - 2022):
New Zealand-$513k (-60.4%)
Egypt-$306k (-95.7%)
France-$274k (-99.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Tool Sets were:
In 2022, Australia's main importing competitors in Tool Sets were:

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $33.2k
TOP IMPORT POTENTIALGermany+ $405k

Tool Sets’s highest export potential is Germany. With an export gap of $33.2k.   Tool Sets’s highest import potential is Germany with an import gap of $405k.

See methodology.

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