HS Icon Compasses

9014 (Harmonized System 1992 for 4-digit)

World Trade (2018): $8.17B, Rnk 379 / 1225

Top Exporter (2018): $1.84B, Germany

Top Importer (2018): $1.63B, United States

Product Complexity (2018): 0.64, Rnk 309 / 1018

Export Growth (CAGR)(2017 - 2018): 7.65%, Rnk 873 / 1225

Mean Tariff (2018): 3.76%, Rnk 1046 / 1259

Share of World Trade (2018): 0.044%, Rnk 379 / 1225

Overview:  This page contains the latest trade data of Compasses. In 2018, Compasses were the world's 379th most traded product, with a total trade of $8.17B. Between 2017 and 2018 the exports of Compasses grew by 7.65%, from  $7.59B to $8.17B. Trade in Compasses represent 0.044% of total world trade.

Exports: In 2018 the top exporters of Compasses  were Germany ($1.84B), United States ($1.57B), United Kingdom ($956M), France ($762M), and Netherlands ($378M).

Imports: In 2018 the top importers of Compasses were United States ($1.63B), United Kingdom ($484M), France ($457M), Germany ($434M), and Canada ($330M).

Tariffs: In 2018 the average tariff for Compasses was 3.76%, been the 1046 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Compasses are Bahamas (35.7%), Uzbekistan (28.7%), Bermuda (25%), Jordan (23.4%), and Maldives (19.6%). The countries with the lowest tariffs are Angola (0%), Kenya (0%), Mauritius (0%), Rwanda (0%), and Tanzania (0%).

Ranking: Compasses ranks 309th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Germany, $1.84B

Top Destination (2018): United States, $1.63B

Compasses are the world's 379th most traded product.

In 2018, the top exporters of Compasses were Germany ($1.84B), United States ($1.57B), United Kingdom ($956M), France ($762M), and Netherlands ($378M).

In 2018, the top importers of Compasses were United States ($1.63B), United Kingdom ($484M), France ($457M), Germany ($434M), and Canada ($330M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Germany, $696M

Top Destination Growth (2017 - 2018): United States, $806M

Between 2017 and 2018, the exports of Compasses grew the fastest in Germany ($696M), Netherlands ($167M), Canada ($145M), Chinese Taipei ($80.3M), and Mexico ($76.6M).

Between 2017 and 2018, the fastest growing importers of Compasses were United States ($806M), India ($84.6M), United Kingdom ($74.5M), Singapore ($67.7M), and France ($62.3M).

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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 Compasses.

In 2018,  market concentration measured using Shannon Entropy, was 3.91. This means that most of the exports of Compasses are explained by 14 countries.

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TOP NET EXPORTER (2018): Germany, $1.4B

TOP NET IMPORTER (2018): South Korea, $277M

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

In 2018, the countries that had a largest trade value in exports than in imports of Compasses were Germany ($1.4B), United Kingdom ($472M), France ($305M), Netherlands ($142M), and Mexico ($122M).

In 2018, the countries that had a largest trade value in imports than in exports of Compasses were South Korea ($277M), India ($200M), United Arab Emirates ($160M), Saudi Arabia ($147M), and Italy ($132M).

Trade Forecasts

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This section shows forecasts for total trade for Compasses. 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 Compasses was 3.76%.  The countries with the highest tariffs for importing Compasses were Bahamas (35.7%), Uzbekistan (28.7%), Bermuda (25%), Jordan (23.4%), 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.