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901410 (Harmonized System 1992 for 6-digit)

2022
World Trade $247MRnk 3571 / 4648
2022
Top Exporter | Top Importer $30.9M | $37.4MUnited States | United States
2022
Product Complexity 1.12Rnk 600 / 4653
2021 - 2022
Export Growth (CAGR) -2.18%Rnk 3282 / 4648
2022
Share of World Trade 0.001%Rnk 3571 / 4648

About

Overview This page contains the latest trade data of Direction finding compasses. In 2022, Direction finding compasses were the world's 3571st most traded product, with a total trade of $247M. Between 2021 and 2022 the exports of Direction finding compasses decreased by -2.18%, from $252M to $247M. Trade in Direction finding compasses represent 0.001% of total world trade.

Direction finding compasses are a part of Compasses.

Exports In 2022 the top exporters of Direction finding compasses  were United States ($30.9M), France ($25.9M), United Kingdom ($24.8M), Japan ($22.5M), and China ($22.4M).

Imports In 2022 the top importers of Direction finding compasses were United States ($37.4M), United Kingdom ($20.9M), Netherlands ($19.7M), China ($14.9M), and Australia ($10M).

Ranking Direction finding compasses ranks 600th in the Product Complexity Index (PCI).

Description Direction finding compasses allow the user to find the approximate direction of where they are going or where they came from.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Direction finding 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.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2022)United States$30.9M
Top Destination (2022)United States$37.4M

In 2022 Direction finding compasses were the world's 3571st most traded product (out of 4,648).

In 2022, the top exporters of Direction finding compasses were United States ($30.9M), France ($25.9M), United Kingdom ($24.8M), Japan ($22.5M), and China ($22.4M).

In 2022, the top importers of Direction finding compasses were United States ($37.4M), United Kingdom ($20.9M), Netherlands ($19.7M), China ($14.9M), and Australia ($10M).

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Exporters of Direction finding compasses (2022)
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Importers of Direction finding compasses (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)United Kingdom$7.66M
Top Destination Growth (2021 -  2022)United Kingdom$6.5M

Between 2021 and 2022, the exports of Direction finding compasses grew the fastest in United Kingdom ($7.66M), China ($4.52M), France ($3.73M), Singapore ($2.65M), and Norway ($1.89M).

Between 2021 and 2022, the fastest growing importers of Direction finding compasses were United Kingdom ($6.5M), Malaysia ($2.34M), Italy ($2.04M), Qatar ($1.35M), and Czechia ($1.01M).

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Exporters of Direction finding compasses (2021 - 2022)

Importers of Direction finding compasses (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Direction finding compasses.

In 2022, market concentration measured using Shannon Entropy, was 4.34. This means that most of the exports of Direction finding compasses are explained by 20 countries.

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Value of Exports in Direction finding compasses

Net Trade

TOP NET EXPORTER (2022)Japan$20.5M
TOP NET IMPORTER (2022)South Korea$8.65M

This map shows which countries export or import more of Direction finding compasses. Each country is colored based on the difference in exports and imports of Direction finding compasses during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Direction finding compasses were Japan ($20.5M), France ($19.4M), Germany ($11.4M), China ($7.59M), and Italy ($6.13M).

In 2022, the countries that had a largest trade value in imports than in exports of Direction finding compasses were South Korea ($8.65M), Netherlands ($7.47M), United States ($6.5M), Australia ($4.76M), and Canada ($4.63M).

Net Trade (2022)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Direction finding compasses.
It is possible to select the main countries that export or import Direction finding compasses in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Direction finding compasses by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2022)

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