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901480 (Harmonized System 1992 for 6-digit)

2023
World Trade $2.21BRnk 1335 / 4644
2023
Top Exporter | Top Importer $418M | $466MUnited States | United States
2023
Product Complexity 1.21Rnk 455 / 4656
2022 - 2023
Export Growth (CAGR) 7.55%Rnk 823 / 4644
2023
Share of World Trade 0.0098%Rnk 1335 / 4644

About

Overview This page contains the latest trade data of Navigational instruments and appliances nes. In 2023, Navigational instruments and appliances nes were the world's 1335th most traded product, with a total trade of $2.21B. Between 2022 and 2023 the exports of Navigational instruments and appliances nes grew by 7.55%, from $2.06B to $2.21B. Trade in Navigational instruments and appliances nes represent 0.0098% of total world trade.

Navigational instruments and appliances nes are a part of Compasses.

Exports In 2023 the top exporters of Navigational instruments and appliances nes  were United States ($418M), Chinese Taipei ($376M), Japan ($179M), France ($162M), and United Kingdom ($158M).

Imports In 2023 the top importers of Navigational instruments and appliances nes were United States ($466M), Netherlands ($134M), United Kingdom ($126M), China ($117M), and Australia ($102M).

Ranking Navigational instruments and appliances nes ranks 455th in the Product Complexity Index (PCI).

Description Navigational instruments and appliances include compasses, sextants, telescopes, chronometers, and bathythermographs. They are used to measure direction, latitude, longitude, and altitude; to determine the speed of a vessel; and to navigate in areas of poor visibility.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Navigational instruments and appliances nes. 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$418M
Top Destination (2023)United States$466M

In 2023 Navigational instruments and appliances nes were the world's 1335th most traded product (out of 4,644).

In 2023, the top exporters of Navigational instruments and appliances nes were United States ($418M), Chinese Taipei ($376M), Japan ($179M), France ($162M), and United Kingdom ($158M).

In 2023, the top importers of Navigational instruments and appliances nes were United States ($466M), Netherlands ($134M), United Kingdom ($126M), China ($117M), and Australia ($102M).

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Exporters of Navigational instruments and appliances nes (2023)
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Importers of Navigational instruments and appliances nes (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Japan$49.3M
Top Destination Growth (2022 -  2023)China$41.8M

Between 2022 and 2023, the exports of Navigational instruments and appliances nes grew the fastest in Japan ($49.3M), United States ($35.1M), France ($31.4M), China ($23.6M), and Norway ($23.5M).

Between 2022 and 2023, the fastest growing importers of Navigational instruments and appliances nes were China ($41.8M), Singapore ($37.2M), Netherlands ($24.5M), Norway ($23.7M), and South Korea ($23.2M).

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Exporters of Navigational instruments and appliances nes (2022 - 2023)

Importers of Navigational instruments and appliances nes (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Navigational instruments and appliances nes.

In 2023, market concentration measured using Shannon Entropy, was 4.11. This means that most of the exports of Navigational instruments and appliances nes are explained by 17 countries.

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Value of Exports in Navigational instruments and appliances nes

Net Trade

TOP NET EXPORTER (2023)Chinese Taipei$366M
TOP NET IMPORTER (2023)Australia$84.6M

This map shows which countries export or import more of Navigational instruments and appliances nes. Each country is colored based on the difference in exports and imports of Navigational instruments and appliances nes during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Navigational instruments and appliances nes were Chinese Taipei ($366M), Japan ($150M), France ($90.3M), Mexico ($73.2M), and Norway ($43.5M).

In 2023, the countries that had a largest trade value in imports than in exports of Navigational instruments and appliances nes were Australia ($84.6M), South Korea ($74.6M), Singapore ($53.9M), Canada ($52.7M), and Turkey ($48M).

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 Navigational instruments and appliances nes.
It is possible to select the main countries that export or import Navigational instruments and appliances nes in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Navigational instruments and appliances nes 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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