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846799 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.47BRnk 1243 / 4644
2023
Top Exporter | Top Importer $1.17B | $298MChina | Vietnam
2023
Product Complexity 1.21Rnk 458 / 4656
2022 - 2023
Export Growth (CAGR) -7.64%Rnk 2436 / 4644
2023
Share of World Trade 0.011%Rnk 1243 / 4644

About

Overview This page contains the latest trade data of Hand held tools nes, parts thereof. In 2023, Hand held tools nes, parts thereof were the world's 1243rd most traded product, with a total trade of $2.47B. Between 2022 and 2023 the exports of Hand held tools nes, parts thereof decreased by -7.64%, from $2.68B to $2.47B. Trade in Hand held tools nes, parts thereof represent 0.011% of total world trade.

Hand held tools nes, parts thereof are a part of Motor-working Tools.

Exports In 2023 the top exporters of Hand held tools nes, parts thereof  were China ($1.17B), Germany ($208M), United States ($166M), Chinese Taipei ($112M), and Japan ($78.9M).

Imports In 2023 the top importers of Hand held tools nes, parts thereof were Vietnam ($298M), United States ($297M), Mexico ($243M), Germany ($158M), and China ($98.4M).

Ranking Hand held tools nes, parts thereof ranks 458th in the Product Complexity Index (PCI).

Description Hand tools are used for a variety of purposes, depending on the type of work that is being done. Various types of saws are used for cutting metal, wood, etc., hammers are used for driving nails, drills are used for drilling holes, etc.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hand held tools nes, parts thereof. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$1.17B
Top Destination (2023)Vietnam$298M

In 2023 Hand held tools nes, parts thereof were the world's 1243rd most traded product (out of 4,644).

In 2023, the top exporters of Hand held tools nes, parts thereof were China ($1.17B), Germany ($208M), United States ($166M), Chinese Taipei ($112M), and Japan ($78.9M).

In 2023, the top importers of Hand held tools nes, parts thereof were Vietnam ($298M), United States ($297M), Mexico ($243M), Germany ($158M), and China ($98.4M).

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Exporters of Hand held tools nes, parts thereof (2023)
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Importers of Hand held tools nes, parts thereof (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$41.9M
Top Destination Growth (2022 -  2023)Vietnam$230M

Between 2022 and 2023, the exports of Hand held tools nes, parts thereof grew the fastest in China ($41.9M), India ($6.63M), Slovenia ($4.68M), Switzerland ($3.45M), and Turkey ($2.3M).

Between 2022 and 2023, the fastest growing importers of Hand held tools nes, parts thereof were Vietnam ($230M), Belgium ($12M), Russia ($11.4M), Czechia ($6.1M), and Slovakia ($3.64M).

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Exporters of Hand held tools nes, parts thereof (2022 - 2023)

Importers of Hand held tools nes, parts thereof (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hand held tools nes, parts thereof.

In 2023, market concentration measured using Shannon Entropy, was 3.42. This means that most of the exports of Hand held tools nes, parts thereof are explained by 10 countries.

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Value of Exports in Hand held tools nes, parts thereof

Net Trade

TOP NET EXPORTER (2023)China$1.08B
TOP NET IMPORTER (2023)Vietnam$271M

This map shows which countries export or import more of Hand held tools nes, parts thereof. Each country is colored based on the difference in exports and imports of Hand held tools nes, parts thereof during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hand held tools nes, parts thereof were China ($1.08B), Chinese Taipei ($102M), Germany ($50.1M), Thailand ($30.2M), and Serbia ($18M).

In 2023, the countries that had a largest trade value in imports than in exports of Hand held tools nes, parts thereof were Vietnam ($271M), Mexico ($197M), United States ($132M), Canada ($49.6M), and Brazil ($48.6M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Hand held tools nes, parts thereof.
It is possible to select the main countries that export or import Hand held tools nes, parts thereof in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Hand held tools nes, parts thereof by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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