2023
Exports
$606MWorld Rnk 1 / 187
Flag Rnk 529 / 1215
2023
PRODUCT COMPLEXITY IN Tool Sets
1.14Rnk 126 / 1025
2023
Imports
$10.9MWorld Rnk 29 / 219
Flag Rnk 986 / 1214
2023
ECONOMIC COMPLEXITY of China
1.16Rnk 21 / 132

About

Exports In 2023, China exported $606M in Tool Sets, making it the 1st largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 529th most exported product in China. The main destination of Tool Sets exports from China are: Russia ($85.8M), Germany ($62.6M), United States ($30.8M), Netherlands ($28M), and Poland ($23M).

The fastest growing export markets for Tool Sets of China between 2022 and 2023 were Russia ($29.9M), Vietnam ($6.59M), and South Korea ($3.66M).

Imports In 2023, China imported $10.9M in Tool Sets, becoming the 29th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 986th most imported product in China. China imports Tool Sets primarily from: Germany ($3.41M), Chinese Taipei ($2.36M), United Kingdom ($663k), Japan ($614k), and United States ($524k).

The fastest growing import markets in Tool Sets for China between 2022 and 2023 were United Kingdom ($414k), Denmark ($265k), and Italy ($140k).

COMPANIES In 2024, leading companies such as Robert Bosch (40), IKEA Group (13), and Apex Tool Group (2) were at the forefront of shipping Tool Sets from China to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$6.18M(6.59%)
IMPORT GROWTH (December 2023 - December 2024)$-34.8k(-1.97%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United States$20.4M

This section shows Tool Sets's exports and imports data at subnational level for China. 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 Tool Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$606M
IMPORTS (2023)$10.9M
NET TRADE (2023)$595M

In 2023, China exported $606M in Tool Sets. The main destinations of China exports on Tool Sets were Russia ($85.8M), Germany ($62.6M), United States ($30.8M), Netherlands ($28M), and Poland ($23M).

In 2023, China imported $10.9M in Tool Sets, mainly from Germany ($3.41M), Chinese Taipei ($2.36M), United Kingdom ($663k), Japan ($614k), and United States ($524k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$29.9M (53.4%)
Vietnam$6.59M (86.7%)
South Korea$3.66M (69.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY China WERE (2022 - 2023):
United States-$26.5M (-46.2%)
Germany-$22M (-26.1%)
Netherlands-$15.5M (-35.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Tool Sets were:
In 2023, China's main importing competitors in Tool Sets were:

Explore Visualizations

Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $4.89M
TOP IMPORT POTENTIALGermany+ $426k

Tool Sets’s highest export potential is Russia. With an export gap of $4.89M.   Tool Sets’s highest import potential is Germany with an import gap of $426k.

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