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2018
Exports $777MWorld Rnk 1 / 184
Flag Rnk 498 / 1216
2018
Destination $16.3M Germany
2021 - 2022
FASTEST GROWING MARKET $16.3MSingapore
2022
PRODUCT COMPLEXITY IN Tool Sets0.9Rnk 208 / 1025
2018
Imports $12.4MWorld Rnk 30 / 218
Flag Rnk 979 / 1212
2018
Origin $505k Germany
2021 - 2022
FASTEST GROWING ORIGIN $505kUnited States
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2018, 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

July 2024

About

Overview In July 2024 China's Tool Sets exports accounted up to $98.4M and imports accounted up to $2.1M, resulting in a positive trade balance of $96.3M. Between July 2023 and July 2024 the exports of China's   Tool Sets have decreased by $-10.3M (-9.48%) from $109M to $98.4M, while imports increased by $678k (47.8%) from $1.42M to $2.1M.

Destinations In July 2024, Tool Sets were exported mostly to United States ($26M), Germany ($9.58M), Russia ($6.26M), Netherlands ($5.36M), and France ($3.69M), and were imported mostly from Germany ($521k), Chinese Taipei ($336k), Japan ($206k), France ($199k), and United States ($130k).

Growth In July 2024, the decrease in Tool Sets's year-by-year exports was explained primarily by a decrease in exports to Malaysia ($-5.81M or -56.8%), Spain ($-1.98M or -68.1%), and Germany ($-1.74M or -26.9%). In July 2024, the increase in Tool Sets's year-by-year imports was explained primarily by an increase in imports from Italy ($55.3k or 288%), Czechia ($41.5k or 2.66k%), and Switzerland ($30.2k or 224%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$-10.3M(-9.48%)
IMPORT GROWTH (July 2023 - July 2024)$678k(47.8%)
MAIN EXPORTER (July 2024)Zhejiang Province$50.1M
MAIN DESTINATION (July 2024)United States$26M

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%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Tool Sets were:
Chinese Taipei $222M
Germany $143M
In 2022, China's main importing competitors in Tool Sets were:
Germany $157M
United States $150M
Netherlands $104M

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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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