NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

Tools, hand; two or more of heading no. 8202 to 8205, put up in sets for retail sale

8206 (Harmonized System 1992 for 4-digit)

2023
World Trade $1.29BRnk 877 / 1217
2023
Top Exporter | Top Importer $606M | $114MChina | Germany
2023
Product Complexity 1.05Rnk 159 / 1044
2022 - 2023
Export Growth (CAGR) -8.38%Rnk 692 / 1217
2023
Share of World Trade 0.0057%Rnk 877 / 1217

About

Overview This page contains the latest trade data of Tool Sets. In 2023, Tool Sets were the world's 877th most traded product, with a total trade of $1.29B. Between 2022 and 2023 the exports of Tool Sets decreased by -8.38%, from $1.41B to $1.29B. Trade in Tool Sets represent 0.0057% of total world trade.

Tool Sets are a part of Tools & cutlery. They include Sets of hand tools, retail.

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

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

Ranking Tool Sets ranks 159th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

View
Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Tool Sets. 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Exporters and Importers

Top Origin (2023)China$606M
Top Destination (2023)Germany$114M

In 2023 Tool Sets were the world's 877th most traded product (out of 1,217).

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

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

Explore Visualizations

Exporters of Tool Sets (2023)
[Click to Select a Country]

Importers of Tool Sets (2023)
[Click to Select a Country]

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 Tool Sets 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 Tool Sets were Russia ($34.8M), Ukraine ($6.29M), Vietnam ($3.44M), Angola ($2.87M), and Belarus ($2.52M).

Explore Visualizations

Exporters of Tool Sets (2022 - 2023)

Importers of Tool Sets (2022 - 2023)

Market Concentration

Value

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

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

Explore Visualizations

Value of Exports in Tool Sets

Net Trade

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

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

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

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

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

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

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $4.89M
TOP IMPORT POTENTIALGermany+ $426k

Tool Sets’s highest export potential is Russia. With an export gap of $4.89M.  Tool Sets’s highest import potential is Germany with an import gap of $426k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

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)

Country by Relatedness

The following visualization shows the relatedness of Tool Sets 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)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms