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2022
Exports $653MWorld Rnk 8 / 200
Flag Rnk 112 / 1216
2022
Destination $41.8M United States
2021 - 2022
FASTEST GROWING MARKET $41.8MNetherlands
2022
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 162 / 1025
2022
Imports $795MWorld Rnk 5 / 220
Flag Rnk 167 / 1214
2022
Origin $61.7M United States
2021 - 2022
FASTEST GROWING ORIGIN $61.7MUnited States
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $653M in Navigation Equipment, making it the 8th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 112th most exported product in United Kingdom. The main destination of Navigation Equipment exports from United Kingdom are: United States ($132M), Italy ($81.1M), Netherlands ($79.8M), Spain ($47M), and Germany ($40.5M).

The fastest growing export markets for Navigation Equipment of United Kingdom between 2021 and 2022 were Netherlands ($41.8M), Spain ($10.8M), and Chinese Taipei ($7.91M).

Imports In 2022, United Kingdom imported $795M in Navigation Equipment, becoming the 5th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 167th most imported product in United Kingdom. United Kingdom imports Navigation Equipment primarily from: United States ($125M), China ($107M), Chinese Taipei ($96.7M), Italy ($81.9M), and Germany ($65.8M).

The fastest growing import markets in Navigation Equipment for United Kingdom between 2021 and 2022 were United States ($61.7M), China ($20.8M), and Sweden ($11.8M).

COMPANIES In 2023, leading companies such as Chevron (1) were at the forefront of shipping Navigation Equipment from United Kingdom to the United States.

Latest Trends

October 2024

About

Overview In October 2024 United Kingdom's Navigation Equipment exports accounted up to £100M and imports accounted up to £89.3M, resulting in a positive trade balance of £10.8M. Between October 2023 and October 2024 the exports of United Kingdom's   Navigation Equipment have increased by £12.7M (14.6%) from £87.4M to £100M, while imports decreased by £-32M (-26.3%) from £121M to £89.3M.

Destinations In October 2024, Navigation Equipment were exported mostly to Rest of the world (£68.4M), United States (£7.71M), France (£4.27M), Germany (£3.53M), and Netherlands (£2.65M), and were imported mostly from Rest of the world (£43.7M), United States (£6.61M), Vietnam (£6.42M), Germany (£5.02M), and France (£3.99M).

Growth In October 2024, the increase in Navigation Equipment's year-by-year exports was explained primarily by an increase in exports to Rest of the world (£8.28M or 37.5%), Saudi Arabia (£2.25M or 864%), and Germany (£1.67M or 42.2%). In October 2024, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from Portugal (£-3.07M or -48.9%), Netherlands (£-895k or -32.1%), and Spain (£-402k or -54.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)£12.7M(14.6%)
IMPORT GROWTH (October 2023 - October 2024)£-32M(-26.3%)
MAIN EXPORTER (October 2024)London Heathrow Airport£14.3M
MAIN DESTINATION (October 2024)Rest of the world£68.4M

This section shows Navigation Equipment's exports and imports data at subnational level for United Kingdom. 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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$653M
IMPORTS (2022)$795M
NET TRADE (2022)-$142M

In 2022, United Kingdom exported $653M in Navigation Equipment. The main destinations of United Kingdom exports on Navigation Equipment were United States ($132M), Italy ($81.1M), Netherlands ($79.8M), Spain ($47M), and Germany ($40.5M).

In 2022, United Kingdom imported $795M in Navigation Equipment, mainly from United States ($125M), China ($107M), Chinese Taipei ($96.7M), Italy ($81.9M), and Germany ($65.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Netherlands$41.8M (110%)
Spain$10.8M (30%)
Chinese Taipei$7.91M (175%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY United Kingdom WERE (2021 - 2022):
Morocco-$21.5M (-99.2%)
Saudi Arabia-$20.1M (-68.4%)
South Korea-$8.77M (-53.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Navigation Equipment were:
China $3.22B
United States $2.61B
Germany $1.95B
In 2022, United Kingdom's main importing competitors in Navigation Equipment were:
United States $3.89B
Germany $1.74B
China $1.5B

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $27.4M
TOP IMPORT POTENTIALChina+ $32.1M

Navigation Equipment’s highest export potential is United States. With an export gap of $27.4M.   Navigation Equipment’s highest import potential is China with an import gap of $32.1M.

See methodology.

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