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820740 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.21BRnk 1902 / 4644
2023
Top Exporter | Top Importer $313M | $164MGermany | United States
2023
Product Complexity 1.32Rnk 313 / 4656
2022 - 2023
Export Growth (CAGR) -3.58%Rnk 1923 / 4644
2023
Share of World Trade 0.0053%Rnk 1902 / 4644

About

Overview This page contains the latest trade data of Tools for tapping or threading. In 2023, Tools for tapping or threading were the world's 1902nd most traded product, with a total trade of $1.21B. Between 2022 and 2023 the exports of Tools for tapping or threading decreased by -3.58%, from $1.25B to $1.21B. Trade in Tools for tapping or threading represent 0.0053% of total world trade.

Tools for tapping or threading are a part of Interchangeable Tool Parts.

Exports In 2023 the top exporters of Tools for tapping or threading  were Germany ($313M), Japan ($177M), China ($160M), United States ($49.3M), and Chinese Taipei ($44M).

Imports In 2023 the top importers of Tools for tapping or threading were United States ($164M), China ($123M), Singapore ($110M), Germany ($103M), and Italy ($56.2M).

Ranking Tools for tapping or threading ranks 313th in the Product Complexity Index (PCI).

Description Tapping and threading are used to cut threads on a hole to make it compatible to receive a fastener. Tools may vary from a tapered tap to a straight threading tool.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Tools for tapping or threading. 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)Germany$313M
Top Destination (2023)United States$164M

In 2023 Tools for tapping or threading were the world's 1902nd most traded product (out of 4,644).

In 2023, the top exporters of Tools for tapping or threading were Germany ($313M), Japan ($177M), China ($160M), United States ($49.3M), and Chinese Taipei ($44M).

In 2023, the top importers of Tools for tapping or threading were United States ($164M), China ($123M), Singapore ($110M), Germany ($103M), and Italy ($56.2M).

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Exporters of Tools for tapping or threading (2023)
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Importers of Tools for tapping or threading (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)China$11.9M
Top Destination Growth (2022 -  2023)Mexico$8.77M

Between 2022 and 2023, the exports of Tools for tapping or threading grew the fastest in China ($11.9M), United States ($6.9M), Czechia ($5.19M), Italy ($5.05M), and Switzerland ($4.47M).

Between 2022 and 2023, the fastest growing importers of Tools for tapping or threading were Mexico ($8.77M), Turkey ($5.88M), South Korea ($5.63M), Russia ($5.42M), and Czechia ($5.31M).

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Exporters of Tools for tapping or threading (2022 - 2023)

Importers of Tools for tapping or threading (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Tools for tapping or threading.

In 2023, market concentration measured using Shannon Entropy, was 3.92. This means that most of the exports of Tools for tapping or threading are explained by 15 countries.

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Value of Exports in Tools for tapping or threading

Net Trade

TOP NET EXPORTER (2023)Germany$210M
TOP NET IMPORTER (2023)United States$115M

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

In 2023, the countries that had a largest trade value in exports than in imports of Tools for tapping or threading were Germany ($210M), Japan ($167M), China ($37.7M), Chinese Taipei ($32M), and Sweden ($30.9M).

In 2023, the countries that had a largest trade value in imports than in exports of Tools for tapping or threading were United States ($115M), Singapore ($105M), Russia ($35.1M), Turkey ($29.6M), and Mexico ($27.1M).

Net Trade (2023)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Tools for tapping or threading 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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