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820559 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.03BRnk 890 / 4644
2023
Top Exporter | Top Importer $1.34B | $684MChina | United States
2023
Product Complexity 0.63Rnk 1430 / 4656
2022 - 2023
Export Growth (CAGR) 0.8%Rnk 1463 / 4644
2023
Share of World Trade 0.018%Rnk 890 / 4644

About

Overview This page contains the latest trade data of Tools for masons/watchmakers/miners, hand tools nes. In 2023, Tools for masons/watchmakers/miners, hand tools nes were the world's 890th most traded product, with a total trade of $4.03B. Between 2022 and 2023 the exports of Tools for masons/watchmakers/miners, hand tools nes grew by 0.8%, from $4B to $4.03B. Trade in Tools for masons/watchmakers/miners, hand tools nes represent 0.018% of total world trade.

Tools for masons/watchmakers/miners, hand tools nes are a part of Other Hand Tools.

Exports In 2023 the top exporters of Tools for masons/watchmakers/miners, hand tools nes  were China ($1.34B), Germany ($485M), Chinese Taipei ($474M), United States ($345M), and France ($154M).

Imports In 2023 the top importers of Tools for masons/watchmakers/miners, hand tools nes were United States ($684M), France ($283M), Germany ($255M), Australia ($158M), and Canada ($141M).

Ranking Tools for masons/watchmakers/miners, hand tools nes ranks 1430th in the Product Complexity Index (PCI).

Description Masons use tools for measuring, cutting and forming as well as for trowelling and scraping. Watchmakers use tools for measuring, cutting and filing and for assembling and painting. Miners use tools for measuring, cutting and drilling as well as for holding, hammering and mining. Hand tools are used for a variety of jobs which include measuring, cutting, marking and drilling.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Tools for masons/watchmakers/miners, hand tools nes. 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$1.34B
Top Destination (2023)United States$684M

In 2023 Tools for masons/watchmakers/miners, hand tools nes were the world's 890th most traded product (out of 4,644).

In 2023, the top exporters of Tools for masons/watchmakers/miners, hand tools nes were China ($1.34B), Germany ($485M), Chinese Taipei ($474M), United States ($345M), and France ($154M).

In 2023, the top importers of Tools for masons/watchmakers/miners, hand tools nes were United States ($684M), France ($283M), Germany ($255M), Australia ($158M), and Canada ($141M).

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Exporters of Tools for masons/watchmakers/miners, hand tools nes (2023)
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Importers of Tools for masons/watchmakers/miners, hand tools nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$48.4M
Top Destination Growth (2022 -  2023)Malaysia$54.7M

Between 2022 and 2023, the exports of Tools for masons/watchmakers/miners, hand tools nes grew the fastest in Germany ($48.4M), France ($18M), China ($15.6M), United States ($15.5M), and Singapore ($6.99M).

Between 2022 and 2023, the fastest growing importers of Tools for masons/watchmakers/miners, hand tools nes were Malaysia ($54.7M), Australia ($46M), France ($33.5M), Russia ($18.6M), and Djibouti ($16.5M).

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Exporters of Tools for masons/watchmakers/miners, hand tools nes (2022 - 2023)

Importers of Tools for masons/watchmakers/miners, hand tools nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tools for masons/watchmakers/miners, hand tools nes.

In 2023, market concentration measured using Shannon Entropy, was 3.82. This means that most of the exports of Tools for masons/watchmakers/miners, hand tools nes are explained by 14 countries.

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Value of Exports in Tools for masons/watchmakers/miners, hand tools nes

Net Trade

TOP NET EXPORTER (2023)China$1.28B
TOP NET IMPORTER (2023)United States$339M

This map shows which countries export or import more of Tools for masons/watchmakers/miners, hand tools nes. Each country is colored based on the difference in exports and imports of Tools for masons/watchmakers/miners, hand tools nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Tools for masons/watchmakers/miners, hand tools nes were China ($1.28B), Chinese Taipei ($454M), Germany ($230M), India ($51.6M), and Italy ($16.3M).

In 2023, the countries that had a largest trade value in imports than in exports of Tools for masons/watchmakers/miners, hand tools nes were United States ($339M), Australia ($138M), France ($128M), Russia ($103M), and Canada ($91.8M).

Net Trade (2023)

Country Comparison

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This visualization shows the countries that have an important ratio of their trade related to Tools for masons/watchmakers/miners, hand tools nes.
It is possible to select the main countries that export or import Tools for masons/watchmakers/miners, hand tools nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Tools for masons/watchmakers/miners, hand tools nes 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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