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820600 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.29BRnk 1829 / 4644
2023
Top Exporter | Top Importer $606M | $114MChina | Germany
2023
Product Complexity 0.81Rnk 1102 / 4656
2022 - 2023
Export Growth (CAGR) -8.38%Rnk 2524 / 4644
2023
Share of World Trade 0.0057%Rnk 1829 / 4644

About

Overview This page contains the latest trade data of Sets of hand tools, retail. In 2023, Sets of hand tools, retail were the world's 1829th most traded product, with a total trade of $1.29B. Between 2022 and 2023 the exports of Sets of hand tools, retail decreased by -8.38%, from $1.41B to $1.29B. Trade in Sets of hand tools, retail represent 0.0057% of total world trade.

Sets of hand tools, retail are a part of Tool Sets.

Exports In 2023 the top exporters of Sets of hand tools, retail  were China ($606M), Chinese Taipei ($158M), Germany ($147M), United States ($59.6M), and Netherlands ($29.3M).

Imports In 2023 the top importers of Sets of hand tools, retail were Germany ($114M), Russia ($114M), France ($93.7M), United States ($82.4M), and Netherlands ($68.4M).

Ranking Sets of hand tools, retail ranks 1102nd in the Product Complexity Index (PCI).

Description A set of hand tools is used to create a variety of items by putting the tools together to form a specific shape. A set of hand tools could be used to create a pencil, a knife, or a screwdriver. Retailers often sell sets of hand tools, in order to create more variety in their stores, for customers to have more variety in their choices.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Sets of hand tools, retail. 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$606M
Top Destination (2023)Germany$114M

In 2023 Sets of hand tools, retail were the world's 1829th most traded product (out of 4,644).

In 2023, the top exporters of Sets of hand tools, retail were China ($606M), Chinese Taipei ($158M), Germany ($147M), United States ($59.6M), and Netherlands ($29.3M).

In 2023, the top importers of Sets of hand tools, retail were Germany ($114M), Russia ($114M), France ($93.7M), United States ($82.4M), and Netherlands ($68.4M).

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Exporters of Sets of hand tools, retail (2023)
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Importers of Sets of hand tools, retail (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Kazakhstan$5.33M
Top Destination Growth (2022 -  2023)Russia$34.8M

Between 2022 and 2023, the exports of Sets of hand tools, retail grew the fastest in Kazakhstan ($5.33M), Belgium ($2.28M), South Korea ($1.94M), Germany ($1.67M), and Australia ($1.39M).

Between 2022 and 2023, the fastest growing importers of Sets of hand tools, retail were Russia ($34.8M), Ukraine ($6.29M), Vietnam ($3.44M), Angola ($2.87M), and Belarus ($2.52M).

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Exporters of Sets of hand tools, retail (2022 - 2023)

Importers of Sets of hand tools, retail (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sets of hand tools, retail.

In 2023, market concentration measured using Shannon Entropy, was 3.19. This means that most of the exports of Sets of hand tools, retail are explained by 9 countries.

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Value of Exports in Sets of hand tools, retail

Net Trade

TOP NET EXPORTER (2023)China$595M
TOP NET IMPORTER (2023)Russia$111M

This map shows which countries export or import more of Sets of hand tools, retail. Each country is colored based on the difference in exports and imports of Sets of hand tools, retail during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Sets of hand tools, retail were China ($595M), Chinese Taipei ($151M), Germany ($33.2M), Hong Kong ($5.3M), and Belgium ($3.45M).

In 2023, the countries that had a largest trade value in imports than in exports of Sets of hand tools, retail were Russia ($111M), France ($74.9M), Netherlands ($39.1M), Malaysia ($26M), and United Kingdom ($24M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Sets of hand tools, retail 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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