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2023
Exports $59.6MWorld Rnk 4 / 187
Flag Rnk 798 / 1217
2023
Destination $1.4M Canada
2022 - 2023
FASTEST GROWING MARKET $1.4MUnited Arab Emirates
2023
PRODUCT COMPLEXITY IN Tool Sets1.14Rnk 126 / 1025
2023
Imports $82.4MWorld Rnk 4 / 219
Flag Rnk 892 / 1215
2023
Origin $1.13M Chinese Taipei
2022 - 2023
FASTEST GROWING ORIGIN $1.13MLithuania
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $59.6M in Tool Sets, making it the 4th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 798th most exported product in United States. The main destination of Tool Sets exports from United States are: Canada ($6.28M), Dominican Republic ($4.66M), Venezuela ($3.41M), Germany ($2.91M), and United Arab Emirates ($2.74M).

The fastest growing export markets for Tool Sets of United States between 2022 and 2023 were United Arab Emirates ($1.4M), Turkey ($890k), and Dominican Republic ($877k).

Imports In 2023, United States imported $82.4M in Tool Sets, becoming the 4th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 892nd most imported product in United States. United States imports Tool Sets primarily from: Chinese Taipei ($36.7M), China ($30.8M), Vietnam ($3.9M), Germany ($1.8M), and Netherlands ($1.31M).

The fastest growing import markets in Tool Sets for United States between 2022 and 2023 were Lithuania ($1.13M), Dominican Republic ($938k), and Costa Rica ($529k).

COMPANIES In 2024, leading companies such as Robert Bosch (42), Apex Tool Group (19), and IKEA Group (13) were at the forefront of shipping Tool Sets to the United States.

Latest Trends

January 2025

About

Overview In January 2025 United States' Tool Sets exports accounted up to $3.6M and imports accounted up to $7.01M, resulting in a negative trade balance of $3.4M. Between January 2024 and January 2025 the exports of United States'   Tool Sets have increased by $228k (6.76%) from $3.37M to $3.6M, while imports decreased by $-884k (-11.2%) from $7.89M to $7.01M.

Destinations In January 2025, Tool Sets were exported mostly to Brazil ($734k), Canada ($673k), Indonesia ($388k), Japan ($350k), and Germany ($275k), and were imported mostly from Chinese Taipei ($2.91M), China ($2.81M), Vietnam ($1.09M), South Korea ($225k), and United Kingdom ($37.1k).

Growth In January 2025, the increase in Tool Sets's year-by-year exports was explained primarily by an increase in exports to India ($145k or 530%), Belgium ($106k or 817%), and United Arab Emirates ($57.7k or 183%). In January 2025, the decrease in Tool Sets's year-by-year imports was explained primarily by a decrease in imports from Germany ($-30.1k or -44.9%), South Korea ($-13.7k or -17.2%), and India ($-6.26k or -41%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$228k(6.76%)
IMPORT GROWTH (January 2024 - January 2025)$-884k(-11.2%)
MAIN EXPORTER (January 2025)Florida$863k
MAIN DESTINATION (January 2025)Brazil$734k

This section shows Tool Sets'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 Tool Sets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$59.6M
IMPORTS (2023)$82.4M
NET TRADE (2023)-$22.8M

In 2023, United States exported $59.6M in Tool Sets. The main destinations of United States exports on Tool Sets were Canada ($6.28M), Dominican Republic ($4.66M), Venezuela ($3.41M), Germany ($2.91M), and United Arab Emirates ($2.74M).

In 2023, United States imported $82.4M in Tool Sets, mainly from Chinese Taipei ($36.7M), China ($30.8M), Vietnam ($3.9M), Germany ($1.8M), and Netherlands ($1.31M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR United States WERE (2022 - 2023):
United Arab Emirates$1.4M (104%)
Turkey$890k (51.8%)
Dominican Republic$877k (23.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY United States WERE (2022 - 2023):
China-$3.17M (-85.8%)
Canada-$1.85M (-22.8%)
South Korea-$1.83M (-61.5%)
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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 Tool Sets were:
China $606M
Chinese Taipei $158M
Germany $147M
In 2023, United States's main importing competitors in Tool Sets were:
Germany $114M
Russia $114M
France $93.7M

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $920k
TOP IMPORT POTENTIALChina+ $3M

Tool Sets’s highest export potential is Germany. With an export gap of $920k.   Tool Sets’s highest import potential is China with an import gap of $3M.

See methodology.

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