CompassesNavigational instruments and appliances; direction finding compasses
9014 (Harmonized System 1992 for 4-digit)
2021 World Trade: $7.56B, Rnk 429 / 1217
2021 Top Exporter | Top Importer: $1.58B | $1.45B, United States | United States
2021 Product Complexity: 0.84, Rnk 228 / 1024
2020 - 2021 Export Growth (CAGR): 7.73%, Rnk 1023 / 1217
2018 Mean Tariff: 3.68%, Rnk 1069 / 1259
2021 Share of World Trade: 0.036%, Rnk 429 / 1217
Overview This page contains the latest trade data of Compasses. In 2021, Compasses were the world's 429th most traded product, with a total trade of $7.56B. Between 2020 and 2021 the exports of Compasses grew by 7.73%, from $7.01B to $7.56B. Trade in Compasses represent 0.036% of total world trade.
Compasses are a part of Optical, photo, & film equipment; medical instruments. They include Instruments nes for aeronautical/space navigation, Parts and accessories for navigational instruments, Navigational instruments and appliances nes, and Direction finding compasses.
Exports In 2021 the top exporters of Compasses were United States ($1.58B), United Kingdom ($1.01B), France ($994M), Germany ($757M), and Chinese Taipei ($375M).
Imports In 2021 the top importers of Compasses were United States ($1.45B), France ($589M), Germany ($483M), United Kingdom ($358M), and China ($302M).
Tariffs In 2018 the average tariff for Compasses was 3.68%, making it the 1069th lowest tariff using the HS4 product classification.
Ranking Compasses ranks 228th in the Product Complexity Index (PCI).
Description Direction finding compasses are used to determine the direction of a person or object. They can be made from a variety of materials, including metal and plastic.
The following visualization shows the latest trends on Compasses. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2021): United States, $1.58B
Top Destination (2021): United States, $1.45B
Compasses are the world's 429th most traded product.
In 2021, the top exporters of Compasses were United States ($1.58B), United Kingdom ($1.01B), France ($994M), Germany ($757M), and Chinese Taipei ($375M).
In 2021, the top importers of Compasses were United States ($1.45B), France ($589M), Germany ($483M), United Kingdom ($358M), and China ($302M).
Trade by country
Top Origin Growth (2020 - 2021): United Kingdom, $293M
Top Destination Growth (2020 - 2021): Germany, $192M
Between 2020 and 2021, the exports of Compasses grew the fastest in United Kingdom ($293M), France ($216M), Chinese Taipei ($103M), United States ($87.3M), and Netherlands ($53.3M).
Between 2020 and 2021, the fastest growing importers of Compasses were Germany ($192M), United States ($107M), France ($89.2M), United Kingdom ($77.3M), and Australia ($72.7M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Compasses.
In 2021, market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Compasses are explained by 17 countries.
TOP NET EXPORTER (2021): United Kingdom, $648M
TOP NET IMPORTER (2021): Turkey, $211M
This map shows which countries export or import more of Compasses. Each country is colored based on the difference in exports and imports of Compasses during 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Compasses were United Kingdom ($648M), France ($404M), Chinese Taipei ($300M), Germany ($274M), and United States ($129M).
In 2021, the countries that had a largest trade value in imports than in exports of Compasses were Turkey ($211M), South Korea ($193M), Australia ($165M), China ($161M), and Saudi Arabia ($109M).
In 2021, the world most traded Compasses, disaggragated by their HS6 level were Instruments nes for aeronautical/space navigation ($3.45B), Navigational instruments and appliances nes ($2.18B), Parts and accessories for navigational instruments ($1.68B), and Direction finding compasses ($248M)
This visualization shows the countries that have an important ratio of their trade related to Compasses. It is possible to select the main countries that export or import Compasses in the world, or by continent, as well as select the measure of interest.
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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