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2022
Exports $2.61BWorld Rnk 2 / 200
Flag Rnk 123 / 1217
2022
Destination $190M Canada
2021 - 2022
FASTEST GROWING MARKET $190MCanada
2022
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 162 / 1025
2022
Imports $3.89BWorld Rnk 1 / 220
Flag Rnk 146 / 1216
2022
Origin $87.8M China
2021 - 2022
FASTEST GROWING ORIGIN $87.8MMexico
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $2.61B in Navigation Equipment, making it the 2nd largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 123rd most exported product in United States. The main destination of Navigation Equipment exports from United States are: Canada ($426M), Mexico ($300M), Japan ($177M), Germany ($154M), and United Kingdom ($125M).

The fastest growing export markets for Navigation Equipment of United States between 2021 and 2022 were Canada ($190M), Romania ($118M), and Poland ($74.7M).

Imports In 2022, United States imported $3.89B in Navigation Equipment, becoming the 1st largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 146th most imported product in United States. United States imports Navigation Equipment primarily from: China ($752M), Mexico ($717M), Germany ($460M), Chinese Taipei ($416M), and Canada ($312M).

The fastest growing import markets in Navigation Equipment for United States between 2021 and 2022 were Mexico ($87.8M), China ($75M), and Germany ($44.9M).

COMPANIES In 2023, leading companies such as Samsung (207), Hongkong Xin Jie Technology (189), and CrimsonLogic (129) were at the forefront of shipping Navigation Equipment to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United States' Navigation Equipment exports accounted up to $230M and imports accounted up to $386M, resulting in a negative trade balance of $156M. Between August 2023 and August 2024 the exports of United States'   Navigation Equipment have increased by $4.04M (1.79%) from $226M to $230M, while imports increased by $21.1M (5.79%) from $365M to $386M.

Destinations In August 2024, Navigation Equipment were exported mostly to Mexico ($60.9M), United Arab Emirates ($33.1M), Canada ($25.7M), Australia ($12.9M), and South Korea ($8.8M), and were imported mostly from China ($90.8M), Mexico ($81.5M), Canada ($31.3M), Chinese Taipei ($27.6M), and Germany ($22M).

Growth In August 2024, the increase in Navigation Equipment's year-by-year exports was explained primarily by an increase in exports to Colombia ($13.6M or 5.07k%), Mexico ($10.6M or 45.4%), and Brazil ($4.96M or 59.2%). In August 2024, the increase in Navigation Equipment's year-by-year imports was explained primarily by an increase in imports from Mexico ($16.7M or 43.1%), Germany ($9.34M or 46.2%), and Hungary ($5.43M or 90.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)$4.04M(1.79%)
IMPORT GROWTH (August 2023 - August 2024)$21.1M(5.79%)
MAIN EXPORTER (August 2024)Florida$84.8M
MAIN DESTINATION (August 2024)Mexico$60.9M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.61B
IMPORTS (2022)$3.89B
NET TRADE (2022)-$1.28B

In 2022, United States exported $2.61B in Navigation Equipment. The main destinations of United States exports on Navigation Equipment were Canada ($426M), Mexico ($300M), Japan ($177M), Germany ($154M), and United Kingdom ($125M).

In 2022, United States imported $3.89B in Navigation Equipment, mainly from China ($752M), Mexico ($717M), Germany ($460M), Chinese Taipei ($416M), and Canada ($312M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR United States WERE (2021 - 2022):
Canada$190M (80.3%)
Romania$118M (2.45k%)
Poland$74.7M (791%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY United States WERE (2021 - 2022):
China-$25.8M (-24.7%)
Morocco-$24.5M (-69.5%)
France-$18.4M (-22.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Navigation Equipment were:
China $3.22B
Germany $1.95B
In 2022, United States's main importing competitors in Navigation Equipment were:
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 POTENTIALChina+ $48.5M
TOP IMPORT POTENTIALCanada+ $94.1M

Navigation Equipment’s highest export potential is China. With an export gap of $48.5M.   Navigation Equipment’s highest import potential is Canada with an import gap of $94.1M.

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