2022
Exports
$1.24BWorld Rnk 14 / 226
Flag Rnk 48 / 96
2022
PRODUCT COMPLEXITY IN Tools & cutlery
1.7Rnk 24 / 1025
2022
Imports
$1.56BWorld Rnk 12 / 225
Flag Rnk 34 / 96
2022
ECONOMIC COMPLEXITY of India
0.64Rnk 40 / 133

About

Exports In 2022, India exported $1.24B in Tools & cutlery, making it the 14th largest exporter of Tools & cutlery in the world. At the same year, Tools & cutlery was the 48th most exported product in India. The main destination of Tools & cutlery exports from India are: United States ($316M), Netherlands ($71.4M), Germany ($70.9M), United Arab Emirates ($67.7M), and United Kingdom ($58M).

The fastest growing export markets for Tools & cutlery of India between 2021 and 2022 were Netherlands ($18.9M), United States ($14M), and Canada ($5.73M).

Imports In 2022, India imported $1.56B in Tools & cutlery, becoming the 12th largest importer of Tools & cutlery in the world. At the same year, Tools & cutlery was the 34th most imported product in India. India imports Tools & cutlery primarily from: China ($748M), South Korea ($158M), Japan ($133M), Germany ($113M), and United States ($65.4M).

The fastest growing import markets in Tools & cutlery for India between 2021 and 2022 were China ($74.8M), Japan ($13M), and South Korea ($10.5M).

COMPANIES In 2023, leading companies such as Stanley Black & Decker (226), Apex Tool Group (142), and IKEA Group (79) were at the forefront of shipping Tools & cutlery from India to the United States.

Latest Trends

Jul 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 Tools & cutlery. 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)$1.24B
IMPORTS (2022)$1.56B
NET TRADE (2022)-$321M

In 2022, India exported $1.24B in Tools & cutlery. The main destinations of India exports on Tools & cutlery were United States ($316M), Netherlands ($71.4M), Germany ($70.9M), United Arab Emirates ($67.7M), and United Kingdom ($58M).

In 2022, India imported $1.56B in Tools & cutlery, mainly from China ($748M), South Korea ($158M), Japan ($133M), Germany ($113M), and United States ($65.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tools & cutlery EXPORT MARKETS FOR India WERE (2021 - 2022):
Netherlands$18.9M (36%)
United States$14M (4.63%)
Canada$5.73M (26.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tools & cutlery BY India WERE (2021 - 2022):
South Africa-$7.36M (-27%)
Nepal-$6.83M (-37.8%)
Nigeria-$5.8M (-28.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, India's main exporting competitors in Tools & cutlery were:
In 2022, India's main importing competitors in Tools & cutlery were:

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Trade Value of Tools & cutlery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $126M
TOP IMPORT POTENTIALChina+ $338M

Tools & cutlery’s highest export potential is United States. With an export gap of $126M.   Tools & cutlery’s highest import potential is China with an import gap of $338M.

See methodology.

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