Tool Sets in United States | The Observatory of Economic Complexity

About

Exports In 2022, United States exported $53.4M in Tool Sets, making it the 4th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 856th most exported product in United States. The main destination of Tool Sets exports from United States are: Canada ($10M), Venezuela ($5.08M), Dominican Republic ($3.78M), Mexico ($3.7M), and United Kingdom ($2.87M).

The fastest growing export markets for Tool Sets of United States between 2021 and 2022 were Dominican Republic ($2.78M), Venezuela ($2.31M), and Vietnam ($778k).

Imports In 2022, United States imported $150M in Tool Sets, becoming the 2nd largest importer of Tool Sets in the world. At the same year, Tool Sets was the 806th most imported product in United States. United States imports Tool Sets primarily from: China ($57.3M), Chinese Taipei ($46M), Vietnam ($24.3M), Germany ($7.23M), and United Kingdom ($2.4M).

The fastest growing import markets in Tool Sets for United States between 2021 and 2022 were Chinese Taipei ($10.2M), Germany ($6.09M), and United Kingdom ($1.53M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (39), ROBERT BOSCH LLC (36), and AMAZON SERVICES LLC (22) were at the forefront of shipping Tool Sets to the United States.

Latest Trends

February 2024

About

Overview In February 2024 United States' Tool Sets exports accounted up to $4.06M and imports accounted up to $7.96M, resulting in a negative trade balance of $3.9M. Between February 2023 and February 2024 the exports of United States' Tool Sets have increased by $1.05M (34.9%) from $3.01M to $4.06M, while imports increased by $1.91M (31.6%) from $6.04M to $7.96M.

Destinations In February 2024, Tool Sets were exported mostly to Canada ($695k), Iraq ($479k), Venezuela ($435k), Mexico ($222k), and Colombia ($204k), and were imported mostly from China ($3.36M), Chinese Taipei ($2.67M), Vietnam ($1.34M), Germany ($155k), and Netherlands ($135k).

Growth In February 2024, the increase in Tool Sets's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($440k or 4.4k%), Mexico ($411k or 431%), and Venezuela ($259k or 69.3%). In February 2024, the increase in Tool Sets's year-by-year imports was explained primarily by an increase in imports from Vietnam ($213k or 92.1%) and South Korea ($11.3k or 16.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$1.05M(34.9%)

IMPORT GROWTH (February 2023 - February 2024)$1.91M(31.6%)

MAIN EXPORTER (February 2024)Florida$791k

MAIN DESTINATION (February 2024)Canada$695k

This section shows Tool Sets's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Tool Sets over time.

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