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901490 (Harmonized System 1992 for 6-digit)

2023
World Trade $1.75BRnk 1550 / 4644
2023
Top Exporter | Top Importer $469M | $339MUnited States | United States
2023
Product Complexity 0.73Rnk 1237 / 4656
2022 - 2023
Export Growth (CAGR) 19.2%Rnk 310 / 4644
2023
Share of World Trade 0.0077%Rnk 1550 / 4644

About

Overview This page contains the latest trade data of Parts and accessories for navigational instruments. In 2023, Parts and accessories for navigational instruments were the world's 1550th most traded product, with a total trade of $1.75B. Between 2022 and 2023 the exports of Parts and accessories for navigational instruments grew by 19.2%, from $1.47B to $1.75B. Trade in Parts and accessories for navigational instruments represent 0.0077% of total world trade.

Parts and accessories for navigational instruments are a part of Compasses.

Exports In 2023 the top exporters of Parts and accessories for navigational instruments  were United States ($469M), Germany ($177M), France ($172M), United Kingdom ($94.3M), and Japan ($84.4M).

Imports In 2023 the top importers of Parts and accessories for navigational instruments were United States ($339M), United Kingdom ($177M), Netherlands ($151M), France ($110M), and Italy ($99.8M).

Ranking Parts and accessories for navigational instruments ranks 1237th in the Product Complexity Index (PCI).

Description Parts and accessories for navigational instruments can be anything from a new strap for a compass to a new bezel for a watch

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Parts and accessories for navigational instruments. 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$469M
Top Destination (2023)United States$339M

In 2023 Parts and accessories for navigational instruments were the world's 1550th most traded product (out of 4,644).

In 2023, the top exporters of Parts and accessories for navigational instruments were United States ($469M), Germany ($177M), France ($172M), United Kingdom ($94.3M), and Japan ($84.4M).

In 2023, the top importers of Parts and accessories for navigational instruments were United States ($339M), United Kingdom ($177M), Netherlands ($151M), France ($110M), and Italy ($99.8M).

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Exporters of Parts and accessories for navigational instruments (2023)
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Importers of Parts and accessories for navigational instruments (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$79.5M
Top Destination Growth (2022 -  2023)United Kingdom$69.7M

Between 2022 and 2023, the exports of Parts and accessories for navigational instruments grew the fastest in Germany ($79.5M), France ($48.3M), Netherlands ($25.3M), Chinese Taipei ($25M), and Hong Kong ($19.9M).

Between 2022 and 2023, the fastest growing importers of Parts and accessories for navigational instruments were United Kingdom ($69.7M), United States ($64M), Netherlands ($48M), China ($28.8M), and Saudi Arabia ($25.2M).

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Exporters of Parts and accessories for navigational instruments (2022 - 2023)

Importers of Parts and accessories for navigational instruments (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Parts and accessories for navigational instruments.

In 2023, market concentration measured using Shannon Entropy, was 4.12. This means that most of the exports of Parts and accessories for navigational instruments are explained by 17 countries.

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Value of Exports in Parts and accessories for navigational instruments

Net Trade

TOP NET EXPORTER (2023)United States$130M
TOP NET IMPORTER (2023)Netherlands$83.3M

This map shows which countries export or import more of Parts and accessories for navigational instruments. Each country is colored based on the difference in exports and imports of Parts and accessories for navigational instruments during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Parts and accessories for navigational instruments were United States ($130M), Germany ($82M), Malaysia ($67.4M), France ($62.5M), and Japan ($48.4M).

In 2023, the countries that had a largest trade value in imports than in exports of Parts and accessories for navigational instruments were Netherlands ($83.3M), United Kingdom ($82.8M), Italy ($52.9M), Singapore ($36.5M), and China ($36.4M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Parts and accessories for navigational instruments.
It is possible to select the main countries that export or import Parts and accessories for navigational instruments in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Parts and accessories for navigational instruments 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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