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Pricing

Tools; plates, sticks, tips and the like for tools, unmounted, of sintered metal carbides or cermets

8209 (Harmonized System 1992 for 4-digit)

2023
World Trade $6.13BRnk 481 / 1217
2023
Top Exporter | Top Importer $1.01B | $972MGermany | United States
2023
Product Complexity 1.36Rnk 73 / 1044
2022 - 2023
Export Growth (CAGR) -0.74%Rnk 432 / 1217
2023
Share of World Trade 0.027%Rnk 481 / 1217

About

Overview This page contains the latest trade data of Tool Plates. In 2023, Tool Plates were the world's 481st most traded product, with a total trade of $6.13B. Between 2022 and 2023 the exports of Tool Plates decreased by -0.74%, from $6.18B to $6.13B. Trade in Tool Plates represent 0.027% of total world trade.

Tool Plates are a part of Tools & cutlery. They include Tool plates/tips/etc, sintered metal carbide & cermet.

Exports In 2023 the top exporters of Tool Plates  were Germany ($1.01B), Japan ($874M), China ($695M), Israel ($521M), and Sweden ($403M).

Imports In 2023 the top importers of Tool Plates were United States ($972M), Germany ($778M), Netherlands ($355M), China ($313M), and Italy ($303M).

Ranking Tool Plates ranks 73rd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tool Plates. 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)Germany$1.01B
Top Destination (2023)United States$972M

In 2023 Tool Plates were the world's 481st most traded product (out of 1,217).

In 2023, the top exporters of Tool Plates were Germany ($1.01B), Japan ($874M), China ($695M), Israel ($521M), and Sweden ($403M).

In 2023, the top importers of Tool Plates were United States ($972M), Germany ($778M), Netherlands ($355M), China ($313M), and Italy ($303M).

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Exporters of Tool Plates (2023)
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Importers of Tool Plates (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Poland$65.5M
Top Destination Growth (2022 -  2023)United States$48.8M

Between 2022 and 2023, the exports of Tool Plates grew the fastest in Poland ($65.5M), India ($30.6M), Israel ($24.1M), China ($19.5M), and Singapore ($19.4M).

Between 2022 and 2023, the fastest growing importers of Tool Plates were United States ($48.8M), South Korea ($46.3M), Spain ($35.8M), Turkey ($24.3M), and United Kingdom ($22.8M).

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Exporters of Tool Plates (2022 - 2023)

Importers of Tool Plates (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tool Plates.

In 2023, market concentration measured using Shannon Entropy, was 4.06. This means that most of the exports of Tool Plates are explained by 16 countries.

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Value of Exports in Tool Plates

Net Trade

TOP NET EXPORTER (2023)Japan$691M
TOP NET IMPORTER (2023)United States$595M

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

In 2023, the countries that had a largest trade value in exports than in imports of Tool Plates were Japan ($691M), Israel ($467M), China ($381M), Sweden ($341M), and Germany ($229M).

In 2023, the countries that had a largest trade value in imports than in exports of Tool Plates were United States ($595M), Italy ($231M), Mexico ($140M), Turkey ($130M), and Canada ($114M).

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 Tool Plates.
It is possible to select the main countries that export or import Tool Plates in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Tool Plates by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALChina+ $7.74M
TOP IMPORT POTENTIALGermany+ $1.64M

Tool Plates’s highest export potential is China. With an export gap of $7.74M.  Tool Plates’s highest import potential is Germany with an import gap of $1.64M.

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 Tool Plates.

Country by Relatedness

The following visualization shows the relatedness of Tool Plates 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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