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820590 (Harmonized System 1992 for 6-digit)

2022
World Trade $392MRnk 3157 / 4648
2022
Top Exporter | Top Importer $113M | $32.7MChina | Germany
2022
Product Complexity 0.02Rnk 2501 / 4653
2021 - 2022
Export Growth (CAGR) -6.39%Rnk 3688 / 4648
2022
Share of World Trade 0.0017%Rnk 3157 / 4648

About

Overview This page contains the latest trade data of Sets of hand tools. In 2022, Sets of hand tools were the world's 3157th most traded product, with a total trade of $392M. Between 2021 and 2022 the exports of Sets of hand tools decreased by -6.39%, from $418M to $392M. Trade in Sets of hand tools represent 0.0017% of total world trade.

Sets of hand tools are a part of Other Hand Tools.

Exports In 2022 the top exporters of Sets of hand tools  were China ($113M), United States ($32.2M), Chinese Taipei ($25.2M), Germany ($19.4M), and France ($14.3M).

Imports In 2022 the top importers of Sets of hand tools were Germany ($32.7M), United States ($28.6M), France ($18.4M), United Kingdom ($15.4M), and Netherlands ($12.9M).

Ranking Sets of hand tools ranks 2501st in the Product Complexity Index (PCI).

Description A set of hand tools consists of a hammer, wrench, screwdriver, drill, and saw. They are used for basic household tasks such as hanging pictures, tightening a loose screw, or assembling a piece of furniture.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Sets of hand tools. 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 (2022)China$113M
Top Destination (2022)Germany$32.7M

In 2022 Sets of hand tools were the world's 3157th most traded product (out of 4,648).

In 2022, the top exporters of Sets of hand tools were China ($113M), United States ($32.2M), Chinese Taipei ($25.2M), Germany ($19.4M), and France ($14.3M).

In 2022, the top importers of Sets of hand tools were Germany ($32.7M), United States ($28.6M), France ($18.4M), United Kingdom ($15.4M), and Netherlands ($12.9M).

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Exporters of Sets of hand tools (2022)
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Importers of Sets of hand tools (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)India$8.09M
Top Destination Growth (2021 -  2022)India$4.06M

Between 2021 and 2022, the exports of Sets of hand tools grew the fastest in India ($8.09M), Bahamas ($5.85M), China ($3.25M), United Arab Emirates ($3.19M), and United States ($2.77M).

Between 2021 and 2022, the fastest growing importers of Sets of hand tools were India ($4.06M), Germany ($4.01M), Indonesia ($2.29M), Italy ($2.23M), and Chile ($1.92M).

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Exporters of Sets of hand tools (2021 - 2022)

Importers of Sets of hand tools (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Sets of hand tools.

In 2022, market concentration measured using Shannon Entropy, was 4.46. This means that most of the exports of Sets of hand tools are explained by 21 countries.

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Value of Exports in Sets of hand tools

Net Trade

TOP NET EXPORTER (2022)China$108M
TOP NET IMPORTER (2022)Germany$13.2M

This map shows which countries export or import more of Sets of hand tools. Each country is colored based on the difference in exports and imports of Sets of hand tools during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Sets of hand tools were China ($108M), Chinese Taipei ($21.6M), Switzerland ($7.34M), Austria ($7.34M), and Bahamas ($5.59M).

In 2022, the countries that had a largest trade value in imports than in exports of Sets of hand tools were Germany ($13.2M), Malaysia ($8.58M), Japan ($7.43M), Canada ($6.6M), and Indonesia ($6.47M).

Net Trade (2022)

Country Comparison

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Measure
Ranking

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

Top 10 Exporters Countries of Sets of hand tools 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 (2022)

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