HS Icon Navigation Equipment

8526 (Harmonized System 1992 for 4-digit)

World Trade (2018): $22.1B, Rnk 170 / 1225

Top Exporter (2018): $3.65B, Germany

Top Importer (2018): $4.56B, United States

Product Complexity (2018): 0.95, Rnk 189 / 1018

Export Growth (CAGR)(2017 - 2018): 4.29%, Rnk 988 / 1225

Mean Tariff (2018): 3.8%, Rnk 1036 / 1259

Share of World Trade (2018): 0.12%, Rnk 170 / 1225

Overview: In 2018, Navigation Equipment were the world's 170th most traded product, with a total trade of $22.1B. Between 2017 and 2018 the exports of Navigation Equipment grew by 4.29%, from  $21.2B to $22.1B. Trade in Navigation Equipment represent 0.12% of total world trade.

Exports: In 2018 the top exporters of Navigation Equipment  were Germany ($3.65B), United States ($2.68B), China ($2.52B), Japan ($1.23B), and Mexico ($1.22B).

Imports: In 2018 the top importers of Navigation Equipment were United States ($4.56B), Germany ($2.47B), Japan ($1.44B), United Kingdom ($1.19B), and China ($896M).

Tariffs: In 2018 the average tariff for Navigation Equipment was 3.8%, been the 1036 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Navigation Equipment are Bahamas (26.8%), Bermuda (25%), Ecuador (21.4%), Samoa (20%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Ethiopia (0%), Kenya (0%), Mauritius (0%), and Rwanda (0%).

Ranking: Navigation Equipment ranks 189th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $3.65B

Top Destination (2018): United States, $4.56B

Navigation Equipment are the world's 170th most traded product.

In 2018, the top exporters of Navigation Equipment were Germany ($3.65B), United States ($2.68B), China ($2.52B), Japan ($1.23B), and Mexico ($1.22B).

In 2018, the top importers of Navigation Equipment were United States ($4.56B), Germany ($2.47B), Japan ($1.44B), United Kingdom ($1.19B), and China ($896M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $1.14B

Top Destination Growth (2017 - 2018): Qatar, $206M

Between 2017 and 2018, the exports of Navigation Equipment grew the fastest in Germany ($1.14B), Belgium-Luxembourg ($217M), Italy ($211M), United Kingdom ($188M), and Hungary ($186M).

Between 2017 and 2018, the fastest growing importers of Navigation Equipment were Qatar ($206M), Germany ($175M), Czechia ($144M), Spain ($140M), and Sweden ($125M).

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Market Concentration

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Cumulative market share

This chart shows the evolution of the market concentration of exports of Navigation Equipment.

In 2018,  market concentration measured using Shannon Entropy, was 4.49. This means that most of the exports of Navigation Equipment are explained by 22 countries.

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TOP NET EXPORTER (2018): China, $1.63B

TOP NET IMPORTER (2018): United States, $1.88B

This map shows which countries export or import more of Navigation Equipment. Each country is colored based on the difference in exports and imports of Navigation Equipment during 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Navigation Equipment were China ($1.63B), Germany ($1.18B), Chinese Taipei ($708M), Hungary ($691M), and Mexico ($569M).

In 2018, the countries that had a largest trade value in imports than in exports of Navigation Equipment were United States ($1.88B), United Kingdom ($535M), Saudi Arabia ($385M), Hong Kong ($326M), and Spain ($309M).

Trade Forecasts

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This section shows forecasts for total trade for Navigation Equipment. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Navigation Equipment was 3.8%.  The countries with the highest tariffs for importing Navigation Equipment were Bahamas (26.8%), Bermuda (25%), Ecuador (21.4%), Samoa (20%), and Maldives (19.6%).

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Product Complexity

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Diversification Frontier

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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.