2022
Exports
$1.48MWorld Rnk 49 / 203
Flag Rnk 520 / 1168
2022
PRODUCT COMPLEXITY IN Hand Tools
0.83Rnk 235 / 1025
2022
Imports
$10.3MWorld Rnk 52 / 220
Flag Rnk 505 / 1202
2022
ECONOMIC COMPLEXITY of New Zealand
0.46Rnk 45 / 133

About

Exports In 2022, New Zealand exported $1.48M in Hand Tools, making it the 49th largest exporter of Hand Tools in the world. At the same year, Hand Tools was the 520th most exported product in New Zealand. The main destination of Hand Tools exports from New Zealand are: Australia ($777k), United Kingdom ($214k), United States ($166k), Ireland ($50.8k), and Samoa ($38.9k).

The fastest growing export markets for Hand Tools of New Zealand between 2021 and 2022 were Ireland ($37.5k), United Arab Emirates ($11.9k), and Indonesia ($9.88k).

Imports In 2022, New Zealand imported $10.3M in Hand Tools, becoming the 52nd largest importer of Hand Tools in the world. At the same year, Hand Tools was the 505th most imported product in New Zealand. New Zealand imports Hand Tools primarily from: China ($3.36M), Germany ($1.43M), Chinese Taipei ($1.35M), United States ($946k), and Australia ($706k).

The fastest growing import markets in Hand Tools for New Zealand between 2021 and 2022 were France ($236k), Netherlands ($212k), and Chinese Taipei ($154k).

Latest Trends

Sep 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Hand Tools. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.48M
IMPORTS (2022)$10.3M
NET TRADE (2022)-$8.86M

In 2022, New Zealand exported $1.48M in Hand Tools. The main destinations of New Zealand exports on Hand Tools were Australia ($777k), United Kingdom ($214k), United States ($166k), Ireland ($50.8k), and Samoa ($38.9k).

In 2022, New Zealand imported $10.3M in Hand Tools, mainly from China ($3.36M), Germany ($1.43M), Chinese Taipei ($1.35M), United States ($946k), and Australia ($706k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hand Tools EXPORT MARKETS FOR New Zealand WERE (2021 - 2022):
Ireland$37.5k (283%)
Indonesia$9.88k (318%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hand Tools BY New Zealand WERE (2021 - 2022):
United Kingdom-$201k (-48.3%)
Australia-$148k (-16%)
United States-$73k (-30.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, New Zealand's main exporting competitors in Hand Tools were:
In 2022, New Zealand's main importing competitors in Hand Tools were:

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Trade Value of Hand Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $164k
TOP IMPORT POTENTIALChina+ $459k

Hand Tools’s highest export potential is United States. With an export gap of $164k.   Hand Tools’s highest import potential is China with an import gap of $459k.

See methodology.

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