Navigation Equipment in United States 2021 Exports | Imports : $2.01B | $3.73B, World Rnk 3 / 199 Rnk 142 / 1216 | World Rnk 1 / 222 Rnk 139 / 1215
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $38.2M | $91.2M, Canada | Chinese Taipei
2021 ECONOMIC COMPLEXITY of United States: 1.46, Rnk 10 / 131
2021 PRODUCT COMPLEXITY IN Navigation Equipment: 1.24, Rnk 106 / 1029
Exports In 2021, United States exported $2.01B in Navigation Equipment, making it the 3rd largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 142nd most exported product in United States. The main destination of Navigation Equipment exports from United States are: Mexico ($247M), Canada ($236M), Japan ($180M), Germany ($147M), and Australia ($105M).
The fastest growing export markets for Navigation Equipment of United States between 2020 and 2021 were Canada ($38.2M), Brazil ($33.2M), and Morocco ($33.2M).
Imports In 2021, United States imported $3.73B in Navigation Equipment, becoming the 1st largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 139th most imported product in United States. United States imports Navigation Equipment primarily from: China ($672M), Mexico ($639M), Germany ($418M), Chinese Taipei ($393M), and Canada ($270M).
The fastest growing import markets in Navigation Equipment for United States between 2020 and 2021 were Chinese Taipei ($91.2M), China ($82M), and Malaysia ($72.6M).
Tariffs In 2017, the average tariff for United States in Navigation Equipment was 0.43%. The countries with the highest import tariffs for Navigation Equipment were Equatorial Guinea (Most Favoured Nation duty rate treatment, 0.75%), Libya (Most Favoured Nation duty rate treatment, 0.75%), Mayotte (Most Favoured Nation duty rate treatment, 0.75%), Reunion (Most Favoured Nation duty rate treatment, 0.75%), and Sudan (Most Favoured Nation duty rate treatment, 0.75%).
February 2023
Overview In February 2023 United States' Navigation Equipment exports accounted up to $187M and imports accounted up to $297M, resulting in a negative trade balance of $110M. Between February 2022 and February 2023 the exports of United States' Navigation Equipment have increased by $23.5M (14.4%) from $163M to $187M, while imports increased by $43.9M (17.4%) from $253M to $297M.
Destinations In February 2023, Navigation Equipment were exported mostly to Mexico ($32.3M), Canada ($27.5M), Saudi Arabia ($20.4M), Germany ($14.9M), and Brazil ($11.6M), and were imported mostly from Mexico ($53.8M), China ($49.9M), Germany ($39M), Taiwan ($29.8M), and Canada ($20M).
Growth In February 2023, the increase in Navigation Equipment's year-by-year exports was explained primarily by an increase in exports to Canada ($15.3M or 75.7%), Romania ($12.5M or 58k%), and Pakistan ($10.9M or 18.2k%). In February 2023, the increase in Navigation Equipment's year-by-year imports was explained primarily by an increase in imports from China ($26.6M or 51.9%), Taiwan ($9.22M or 31.5%), and Italy ($4.21M or 147%).
EXPORT GROWTH (February 2022 - February 2023): $23.5M, (14.4%)
IMPORT GROWTH (February 2022 - February 2023): $43.9M, (17.4%)
MAIN EXPORTER (February 2023): New York, $37.5M
MAIN DESTINATION (February 2023): Mexico, $32.3M
This section shows Navigation Equipment's exports and imports data at subnational level for United States. 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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EXPORTS (2021): $2.01B
IMPORTS (2021): $3.73B
NET TRADE (2021): -$1.72B
In 2021, United States exported $2.01B in Navigation Equipment. The main destinations of United States exports on Navigation Equipment were Mexico ($247M), Canada ($236M), Japan ($180M), Germany ($147M), and Australia ($105M).
In 2021, United States imported $3.73B in Navigation Equipment, mainly from China ($672M), Mexico ($639M), Germany ($418M), Chinese Taipei ($393M), and Canada ($270M).
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR United States WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY United States WERE (2020 - 2021):
In 2021, United States's main exporting competitors in Navigation Equipment were:
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