Compasses in China | The Observatory of Economic Complexity

About

Exports In 2022, China exported $138M in Compasses, making it the 13th largest exporter of Compasses in the world. At the same year, Compasses was the 834th most exported product in China. The main destination of Compasses exports from China are: United States ($25.3M), Hong Kong ($14M), Japan ($6.37M), Germany ($5.93M), and Ukraine ($5.09M).

The fastest growing export markets for Compasses of China between 2021 and 2022 were Ukraine ($3.82M), United Kingdom ($2.29M), and Pakistan ($1.9M).

Imports In 2022, China imported $250M in Compasses, becoming the 8th largest importer of Compasses in the world. At the same year, Compasses was the 476th most imported product in China. China imports Compasses primarily from: Japan ($89.9M), United Kingdom ($44.2M), France ($21.4M), United States ($21.3M), and Germany ($10.1M).

The fastest growing import markets in Compasses for China between 2021 and 2022 were United Kingdom ($17.8M), Moldova ($993k), and India ($805k).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (928), GLOBAL ETRADE SERVICES INC (33), and ZF CV SYSTEMS NORTH AMERICA LLC (15) were at the forefront of shipping Compasses from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Compasses exports accounted up to $11.4M and imports accounted up to $15.8M, resulting in a negative trade balance of $4.43M. Between February 2023 and February 2024 the exports of China's Compasses have increased by $5.06M (80.5%) from $6.29M to $11.4M, while imports decreased by $-12.2M (-43.6%) from $28M to $15.8M.

Destinations In February 2024, Compasses were exported mostly to Russia ($2.55M), Hong Kong ($2.1M), United States ($1.41M), Pakistan ($860k), and Japan ($600k), and were imported mostly from United States ($4.97M), Japan ($4.67M), United Kingdom ($1.09M), Germany ($974k), and France ($870k).

Growth In February 2024, the increase in Compasses's year-by-year exports was explained primarily by an increase in exports to Russia ($1.7M or 3.23k%), Germany ($1.67M or 1.08k%), and Pakistan ($1.34M or 5.18k%). In February 2024, the decrease in Compasses's year-by-year imports was explained primarily by a decrease in imports from Mexico ($-385k or -85.3%), Taiwan ($-313k or -41.3%), and United Kingdom ($-252k or -20.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$5.06M(80.5%)

IMPORT GROWTH (February 2023 - February 2024)$-12.2M(-43.6%)

MAIN EXPORTER (February 2024)Guangdong Province$3.67M

MAIN DESTINATION (February 2024)Russia$2.55M

This section shows Compasses'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 Compasses over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$138M

IMPORTS (2022)$250M

NET TRADE (2022)-$111M

In 2022, China exported $138M in Compasses. The main destinations of China exports on Compasses were United States ($25.3M), Hong Kong ($14M), Japan ($6.37M), Germany ($5.93M), and Ukraine ($5.09M).

In 2022, China imported $250M in Compasses, mainly from Japan ($89.9M), United Kingdom ($44.2M), France ($21.4M), United States ($21.3M), and Germany ($10.1M).

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