2022
Exports
$10.4MWorld Rnk 15 / 184
Flag Rnk 473 / 1177
2022
PRODUCT COMPLEXITY IN Tool Sets
0.9Rnk 208 / 1025
2022
Imports
$4.4MWorld Rnk 55 / 218
Flag Rnk 851 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $10.4M in Tool Sets, making it the 15th largest exporter of Tool Sets in the world. At the same year, Tool Sets was the 473rd most exported product in Hong Kong. The main destination of Tool Sets exports from Hong Kong are: Germany ($8.52M), United States ($517k), Malaysia ($267k), Brazil ($208k), and Japan ($80.4k).

The fastest growing export markets for Tool Sets of Hong Kong between 2021 and 2022 were Germany ($2.07M), United States ($512k), and Malaysia ($201k).

Imports In 2022, Hong Kong imported $4.4M in Tool Sets, becoming the 55th largest importer of Tool Sets in the world. At the same year, Tool Sets was the 851st most imported product in Hong Kong. Hong Kong imports Tool Sets primarily from: China ($3.43M), United States ($298k), Germany ($218k), Spain ($88.5k), and Japan ($78k).

The fastest growing import markets in Tool Sets for Hong Kong between 2021 and 2022 were China ($751k), United States ($186k), and Spain ($87.5k).

Latest Trends

Jul 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 Tool Sets. 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)$10.4M
IMPORTS (2022)$4.4M
NET TRADE (2022)$5.99M

In 2022, Hong Kong exported $10.4M in Tool Sets. The main destinations of Hong Kong exports on Tool Sets were Germany ($8.52M), United States ($517k), Malaysia ($267k), Brazil ($208k), and Japan ($80.4k).

In 2022, Hong Kong imported $4.4M in Tool Sets, mainly from China ($3.43M), United States ($298k), Germany ($218k), Spain ($88.5k), and Japan ($78k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tool Sets EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Germany$2.07M (32.1%)
United States$512k (9.21k%)
Malaysia$201k (305%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tool Sets BY Hong Kong WERE (2021 - 2022):
Belarus-$84.8k (-100%)
Israel-$45k (-91.8%)
France-$41.3k (-91.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Tool Sets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $315k
TOP IMPORT POTENTIALChina+ $1.59M

Tool Sets’s highest export potential is United States. With an export gap of $315k.   Tool Sets’s highest import potential is China with an import gap of $1.59M.

See methodology.

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