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Replacement tool heads: top exporters and importers (2024)

In 2024, world trade in replacement tool heads totaled $22.7 billion (1 million tonnes). The top exporters were China (23%), Germany (17%) and the United States (8%); the top importers were the United States (14%), Germany (10%) and Mexico (6%). Compared with 2019, the value was stable.

Summary

World trade
$22.7billion
Tonnes
1million tonnes
Price per tonne
$21,212
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$5.3 billion · 23.2%
  2. Germany$3.9 billion · 17.3%
  3. United States$1.8 billion · 8%
  4. Japan$1.6 billion · 7%
  5. South Korea$1.3 billion · 5.7%
  6. Italy$911 million · 4%
  7. Taiwan$648 million · 2.9%
  8. Switzerland$610 million · 2.7%
  9. France$439 million · 1.9%
  10. Sweden$398 million · 1.8%
  11. India$389 million · 1.7%
  12. Canada$384 million · 1.7%
  13. Spain$340 million · 1.5%
  14. Netherlands$339 million · 1.5%
    re-exports
  15. Austria$337 million · 1.5%
  16. United Kingdom$299 million · 1.3%
  17. Poland$291 million · 1.3%
  18. Czechia$269 million · 1.2%
  19. Slovenia$238 million · 1.1%
  20. Thailand$235 million · 1%

Top importers

  1. United States$3.1 billion · 13.6%
  2. Germany$2.2 billion · 9.5%
  3. Mexico$1.4 billion · 6.1%
  4. China$988 million · 4.4%
  5. Canada$766 million · 3.4%
  6. France$690 million · 3%
  7. India$654 million · 2.9%
  8. Italy$619 million · 2.7%
  9. Switzerland$580 million · 2.6%
  10. Russia$530 million · 2.3%
  11. United Kingdom$529 million · 2.3%
  12. Thailand$486 million · 2.1%
  13. Poland$485 million · 2.1%
  14. Japan$467 million · 2.1%
  15. Netherlands$464 million · 2%
    re-exports
  16. Spain$426 million · 1.9%
  17. Austria$415 million · 1.8%
  18. Vietnam$403 million · 1.8%
  19. Czechia$373 million · 1.6%
  20. Australia$366 million · 1.6%

Trend

Who sells it

China has been the top exporter since 2020

Value in USD billions. The five largest exporters in 2024.

  • China 5.3
  • Germany 3.9
  • United States 1.8
  • Japan 1.6
  • South Korea 1.3

Source: CEPII BACI

Show the numbers
Country19952024
China0.145.3
Germany1.53.9
United States1.11.8
Japan1.51.6
South Korea0.111.3

Price

Implied price

The price per tonne fell 22% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $21,212

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$27,255
1996$24,390
1997$22,601
1998$23,274
1999$18,588
2000$23,322
2001$21,150
2002$21,577
2003$22,251
2004$20,665
2005$23,325
2006$23,451
2007$24,455
2008$26,838
2009$22,375
2010$23,891
2011$26,464
2012$25,622
2013$25,438
2014$25,327
2015$22,854
2016$24,418
2017$22,164
2018$23,913
2019$25,394
2020$22,459
2021$22,854
2022$21,945
2023$21,855
2024$21,212

What it includes

  • 8207 · Replacement tool heads

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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