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Tools, implements, cutlery, spoons and forks, of base metal; parts thereof, of base metal

82 (Harmonized System 1992 for 2-digit)

2023
World Trade $69.1BRnk 50 / 96
2023
Top Exporter | Top Importer $20.7B | $10.8BChina | United States
2023
Product Complexity 1.95Rnk 2 / 96
2022 - 2023
Export Growth (CAGR) -4.65%Rnk 43 / 96
2023
Share of World Trade 0.31%Rnk 50 / 96

About

Overview This page contains the latest trade data of Tools & cutlery. In 2023, Tools & cutlery were the world's 50th most traded product, with a total trade of $69.1B. Between 2022 and 2023 the exports of Tools & cutlery decreased by -4.65%, from $72.5B to $69.1B. Trade in Tools & cutlery represent 0.31% of total world trade.

Tools & cutlery are a part of Metals. They include Interchangeable Tool Parts, Other Hand Tools, Tool Plates, Razor Blades, Hand Saws, Cutting Blades, Wrenches, Knives, Cutlery Sets, and Hand Tools, among others.

Exports In 2023 the top exporters of Tools & cutlery  were China ($20.7B), Germany ($9.35B), United States ($4.63B), Japan ($3.67B), and Chinese Taipei ($3.29B).

Imports In 2023 the top importers of Tools & cutlery were United States ($10.8B), Germany ($5.93B), Mexico ($2.91B), France ($2.56B), and Canada ($2.27B).

Ranking Tools & cutlery ranks 2nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Tools & cutlery. 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$20.7B
Top Destination (2023)United States$10.8B

In 2023 Tools & cutlery were the world's 50th most traded product (out of 96).

In 2023, the top exporters of Tools & cutlery were China ($20.7B), Germany ($9.35B), United States ($4.63B), Japan ($3.67B), and Chinese Taipei ($3.29B).

In 2023, the top importers of Tools & cutlery were United States ($10.8B), Germany ($5.93B), Mexico ($2.91B), France ($2.56B), and Canada ($2.27B).

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Exporters of Tools & cutlery (2023)
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Importers of Tools & cutlery (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Poland$67.9M
Top Destination Growth (2022 -  2023)Mexico$420M

Between 2022 and 2023, the exports of Tools & cutlery grew the fastest in Poland ($67.9M), Singapore ($55.7M), Italy ($43.8M), Kazakhstan ($38.6M), and United Arab Emirates ($38.1M).

Between 2022 and 2023, the fastest growing importers of Tools & cutlery were Mexico ($420M), Russia ($353M), Malaysia ($122M), Turkey ($111M), and India ($90.4M).

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Exporters of Tools & cutlery (2022 - 2023)

Importers of Tools & cutlery (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tools & cutlery.

In 2023, market concentration measured using Shannon Entropy, was 4.15. This means that most of the exports of Tools & cutlery are explained by 17 countries.

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Value of Exports in Tools & cutlery

Net Trade

TOP NET EXPORTER (2023)China$18.6B
TOP NET IMPORTER (2023)United States$6.17B

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

In 2023, the countries that had a largest trade value in exports than in imports of Tools & cutlery were China ($18.6B), Germany ($3.42B), Chinese Taipei ($2.8B), Japan ($2.14B), and Switzerland ($854M).

In 2023, the countries that had a largest trade value in imports than in exports of Tools & cutlery were United States ($6.17B), Mexico ($1.83B), Russia ($1.79B), Canada ($1.63B), and France ($1.27B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Tools & cutlery, disaggragated by their HS6 level were Interchangeable Tool Parts ($23.1B), Other Hand Tools ($8.76B), Tool Plates ($6.13B), Hand Saws ($4.7B), and Razor Blades ($4.55B)

HS6 Disaggregation for Tools & cutlery (2023)
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Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Tools & cutlery by percentage of total exports

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALIndia+ $338M
TOP IMPORT POTENTIALGermany+ $70.1M

Tools & cutlery’s highest export potential is India. With an export gap of $338M.  Tools & cutlery’s highest import potential is Germany with an import gap of $70.1M.

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)

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