2022
Exports
$777MWorld Rnk 1 / 184
Flag Rnk 498 / 1216
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2022
Imports
$12.4MWorld Rnk 30 / 218
Flag Rnk 979 / 1212
2022
ECONOMIC COMPLEXITY of China
1.12Rnk 22 / 133

About

Exports In 2022, China exported $777M in Tool Sets, making it the 1st largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 498th most exported product in China. The main destination of Tool Sets exports from China are: Germany ($81.8M), United States ($57.3M), Russia ($56M), Netherlands ($46M), and Malaysia ($40.1M).

The fastest growing export markets for Tool Sets of China between 2021 and 2022 were Singapore ($16.3M), Russia ($15.9M), and Kyrgyzstan ($11.2M).

Imports In 2022, China imported $12.4M in Tool Sets, becoming the 30th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 979th most imported product in China. China imports Tool Sets primarily from: Germany ($3.84M), Chinese Taipei ($2.56M), United States ($1.07M), Japan ($806k), and United Kingdom ($701k).

The fastest growing import markets in Tool Sets for China between 2021 and 2022 were United States ($505k), South Korea ($461k), and Chinese Taipei ($337k).

COMPANIES In 2023, leading companies such as IKEA Group (39), Robert Bosch (34), and Amazon (22) were at the forefront of shipping Tool Sets from China to the United States.

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)$-12.6M(-12.2%)
IMPORT GROWTH (September 2023 - September 2024)$424k(27.5%)
MAIN EXPORTER (September 2024)Zhejiang Province$50.1M
MAIN DESTINATION (September 2024)United States$29.6M

This section shows Tool Sets's exports and imports data at subnational level for China. 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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Historical Data

Trade Balance

Color
EXPORTS (2022)$777M
IMPORTS (2022)$12.4M
NET TRADE (2022)$764M

In 2022, China exported $777M in Tool Sets. The main destinations of China exports on Tool Sets were Germany ($81.8M), United States ($57.3M), Russia ($56M), Netherlands ($46M), and Malaysia ($40.1M).

In 2022, China imported $12.4M in Tool Sets, mainly from Germany ($3.84M), Chinese Taipei ($2.56M), United States ($1.07M), Japan ($806k), and United Kingdom ($701k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR China WERE (2021 - 2022):
Singapore$16.3M (156%)
Russia$15.9M (39.8%)
Kyrgyzstan$11.2M (902%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY China WERE (2021 - 2022):
United States-$39.2M (-40.6%)
Malaysia-$14.8M (-26.9%)
United Kingdom-$10.5M (-32.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Tool Sets were:
In 2022, China's main importing competitors in Tool Sets were:

Explore Visualizations

Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $4.89M
TOP IMPORT POTENTIALGermany+ $426k

Tool Sets’s highest export potential is Russia. With an export gap of $4.89M.   Tool Sets’s highest import potential is Germany with an import gap of $426k.

See methodology.

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