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Instruments nes for aeronautical/space navigation

901420 (Harmonized System 1992 for 6-digit)

2023
World Trade $4.19BRnk 858 / 4644
2023
Top Exporter | Top Importer $1.56B | $707MUnited States | United States
2023
Product Complexity 1.08Rnk 653 / 4656
2022 - 2023
Export Growth (CAGR) 0.29%Rnk 1520 / 4644
2023
Share of World Trade 0.019%Rnk 858 / 4644

About

Overview This page contains the latest trade data of Instruments nes for aeronautical/space navigation. In 2023, Instruments nes for aeronautical/space navigation were the world's 858th most traded product, with a total trade of $4.19B. Between 2022 and 2023 the exports of Instruments nes for aeronautical/space navigation grew by 0.29%, from $4.17B to $4.19B. Trade in Instruments nes for aeronautical/space navigation represent 0.019% of total world trade.

Instruments nes for aeronautical/space navigation are a part of Compasses.

Exports In 2023 the top exporters of Instruments nes for aeronautical/space navigation  were United States ($1.56B), France ($835M), United Kingdom ($329M), Germany ($236M), and Singapore ($211M).

Imports In 2023 the top importers of Instruments nes for aeronautical/space navigation were United States ($707M), Canada ($326M), France ($325M), Singapore ($292M), and Germany ($248M).

Ranking Instruments nes for aeronautical/space navigation ranks 653rd in the Product Complexity Index (PCI).

Description The most commonly used instruments for aeronautical/space navigation are the sextant, the chronometer, the gyroscope, and the compass. The sextant is a device that measures the angles between two objects. The chronometer is a timepiece that measures elapsed time. The gyroscope is a device that measures angular velocity. The compass is an instrument that points in the north-south direction.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Instruments nes for aeronautical/space navigation. 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 (2023)United States$1.56B
Top Destination (2023)United States$707M

In 2023 Instruments nes for aeronautical/space navigation were the world's 858th most traded product (out of 4,644).

In 2023, the top exporters of Instruments nes for aeronautical/space navigation were United States ($1.56B), France ($835M), United Kingdom ($329M), Germany ($236M), and Singapore ($211M).

In 2023, the top importers of Instruments nes for aeronautical/space navigation were United States ($707M), Canada ($326M), France ($325M), Singapore ($292M), and Germany ($248M).

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Exporters of Instruments nes for aeronautical/space navigation (2023)
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Importers of Instruments nes for aeronautical/space navigation (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)France$58.2M
Top Destination Growth (2022 -  2023)United States$215M

Between 2022 and 2023, the exports of Instruments nes for aeronautical/space navigation grew the fastest in France ($58.2M), Singapore ($43.1M), Hong Kong ($40.3M), China ($31M), and South Africa ($29.3M).

Between 2022 and 2023, the fastest growing importers of Instruments nes for aeronautical/space navigation were United States ($215M), Singapore ($95.1M), Ukraine ($49.4M), Canada ($48.8M), and Netherlands ($30.2M).

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Exporters of Instruments nes for aeronautical/space navigation (2022 - 2023)

Importers of Instruments nes for aeronautical/space navigation (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Instruments nes for aeronautical/space navigation.

In 2023, market concentration measured using Shannon Entropy, was 3.37. This means that most of the exports of Instruments nes for aeronautical/space navigation are explained by 10 countries.

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Value of Exports in Instruments nes for aeronautical/space navigation

Net Trade

TOP NET EXPORTER (2023)United States$851M
TOP NET IMPORTER (2023)Canada$200M

This map shows which countries export or import more of Instruments nes for aeronautical/space navigation. Each country is colored based on the difference in exports and imports of Instruments nes for aeronautical/space navigation during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Instruments nes for aeronautical/space navigation were United States ($851M), France ($510M), United Kingdom ($152M), Malaysia ($36.5M), and Mexico ($9.27M).

In 2023, the countries that had a largest trade value in imports than in exports of Instruments nes for aeronautical/space navigation were Canada ($200M), Australia ($164M), United Arab Emirates ($106M), Italy ($85.7M), and Singapore ($81.7M).

Net Trade (2023)

Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Instruments nes for aeronautical/space navigation.
It is possible to select the main countries that export or import Instruments nes for aeronautical/space navigation in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Instruments nes for aeronautical/space navigation 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 (2023)

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