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Tools, hand; files, rasps, pliers (including cutting pliers), pincers, tweezers, metal cutting shears, pipe cutters, bolt croppers, perforating punches and similar

8203 (Harmonized System 1992 for 4-digit)

2023
World Trade $2.83BRnk 679 / 1217
2023
Top Exporter | Top Importer $997M | $479MChina | United States
2023
Product Complexity 0.82Rnk 242 / 1044
2022 - 2023
Export Growth (CAGR) -0.68%Rnk 429 / 1217
2023
Share of World Trade 0.013%Rnk 679 / 1217

About

Overview This page contains the latest trade data of Hand Tools. In 2023, Hand Tools were the world's 679th most traded product, with a total trade of $2.83B. Between 2022 and 2023 the exports of Hand Tools decreased by -0.68%, from $2.85B to $2.83B. Trade in Hand Tools represent 0.013% of total world trade.

Hand Tools are a part of Tools & cutlery. They include Pliers, pincers, tweezers and similar tools, Files, rasps and similar tools, Pipe-cutters, bolt croppers, perforating punches etc., and Metal and wire cutting shears, etc.

Exports In 2023 the top exporters of Hand Tools  were China ($997M), Germany ($448M), Chinese Taipei ($235M), United States ($205M), and Japan ($90.7M).

Imports In 2023 the top importers of Hand Tools were United States ($479M), Germany ($204M), France ($135M), Canada ($122M), and United Kingdom ($100M).

Ranking Hand Tools ranks 242nd in the Product Complexity Index (PCI).

Description Files, rasps, pliers, and other hand tools are used to shape metal. They can be made from a variety of materials, including steel, aluminum, and copper.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Hand Tools. Countries are shown based on data availability.

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

Explore Latest Trends

* 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$997M
Top Destination (2023)United States$479M

In 2023 Hand Tools were the world's 679th most traded product (out of 1,217).

In 2023, the top exporters of Hand Tools were China ($997M), Germany ($448M), Chinese Taipei ($235M), United States ($205M), and Japan ($90.7M).

In 2023, the top importers of Hand Tools were United States ($479M), Germany ($204M), France ($135M), Canada ($122M), and United Kingdom ($100M).

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Exporters of Hand Tools (2023)
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Importers of Hand Tools (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$28.3M
Top Destination Growth (2022 -  2023)Malaysia$23.4M

Between 2022 and 2023, the exports of Hand Tools grew the fastest in Germany ($28.3M), United States ($14.4M), Italy ($4.27M), Greece ($3.57M), and Japan ($3.4M).

Between 2022 and 2023, the fastest growing importers of Hand Tools were Malaysia ($23.4M), Russia ($21M), Vietnam ($13.2M), Australia ($9.69M), and Belgium ($8.11M).

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Exporters of Hand Tools (2022 - 2023)

Importers of Hand Tools (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Hand Tools.

In 2023, market concentration measured using Shannon Entropy, was 3.63. This means that most of the exports of Hand Tools are explained by 12 countries.

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Value of Exports in Hand Tools

Net Trade

TOP NET EXPORTER (2023)China$956M
TOP NET IMPORTER (2023)United States$273M

This map shows which countries export or import more of Hand Tools. Each country is colored based on the difference in exports and imports of Hand Tools during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Hand Tools were China ($956M), Germany ($244M), Chinese Taipei ($214M), India ($59.6M), and Vietnam ($49M).

In 2023, the countries that had a largest trade value in imports than in exports of Hand Tools were United States ($273M), Canada ($119M), France ($80.3M), Russia ($75.2M), and United Kingdom ($71.6M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Hand Tools, disaggragated by their HS6 level were Pliers, pincers, tweezers and similar tools ($1.99B), Files, rasps and similar tools ($317M), Pipe-cutters, bolt croppers, perforating punches etc. ($305M), and Metal and wire cutting shears, etc ($222M)

HS6 Disaggregation for Hand Tools (2023)
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Country Comparison

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Ranking

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

Top 10 Exporters Countries of Hand Tools by percentage of total exports

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $9.65M
TOP IMPORT POTENTIALVietnam+ $2.74M

Hand Tools’s highest export potential is India. With an export gap of $9.65M.  Hand Tools’s highest import potential is Vietnam with an import gap of $2.74M.

See methodology.

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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)

Related Products

This visualization shows products that are likely to be exported by countries that export Hand Tools.

Country by Relatedness

The following visualization shows the relatedness of Hand Tools to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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