HS Icon Navigational instruments and appliances nes

901480 (Harmonized System 1992 for 6-digit)

World Trade (2018): $1.74B, Rnk 1465 / 4726

Top Exporter (2018): $257M, United States

Top Importer (2018): $409M, United States

Product Complexity (2018): 0.9, Rnk 945 / 4873

Export Growth (CAGR)(2017 - 2018): 10.2%, Rnk 2629 / 4726

Mean Tariff (2018): 4.13%, Rnk 4848 / 6538

Share of World Trade (2018): 0.0095%, Rnk 1465 / 4726

Overview:  This page contains the latest trade data of Navigational instruments and appliances nes. In 2018, Navigational instruments and appliances nes were the world's 1465th most traded product, with a total trade of $1.74B. Between 2017 and 2018 the exports of Navigational instruments and appliances nes grew by 10.2%, from  $1.58B to $1.74B. Trade in Navigational instruments and appliances nes represent 0.0095% of total world trade.

Exports: In 2018 the top exporters of Navigational instruments and appliances nes  were United States ($257M), United Kingdom ($209M), Mexico ($148M), Germany ($132M), and Japan ($127M).

Imports: In 2018 the top importers of Navigational instruments and appliances nes were United States ($409M), India ($107M), South Korea ($84M), Netherlands ($81.1M), and United Kingdom ($80.6M).

Tariffs: In 2018 the average tariff for Navigational instruments and appliances nes was 4.13%, been the 4848 lowest tariff using the HS6 product classification.

The countries with the highest import tariffs for Navigational instruments and appliances nes are Bahamas (33.5%), 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: Navigational instruments and appliances nes ranks 945th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): United States, $257M

Top Destination (2018): United States, $409M

Navigational instruments and appliances nes are the world's 1465th most traded product.

In 2018, the top exporters of Navigational instruments and appliances nes were United States ($257M), United Kingdom ($209M), Mexico ($148M), Germany ($132M), and Japan ($127M).

In 2018, the top importers of Navigational instruments and appliances nes were United States ($409M), India ($107M), South Korea ($84M), Netherlands ($81.1M), and United Kingdom ($80.6M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): Israel, $77.4M

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

Between 2017 and 2018, the exports of Navigational instruments and appliances nes grew the fastest in Israel ($77.4M), Chinese Taipei ($76.4M), China ($43.8M), Netherlands ($20.9M), and Mexico ($16.4M).

Between 2017 and 2018, the fastest growing importers of Navigational instruments and appliances nes were United States ($206M), India ($65.8M), Japan ($31.6M), Canada ($20.6M), and Hong Kong ($12.9M).

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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 Navigational instruments and appliances nes.

In 2018,  market concentration measured using Shannon Entropy, was 4.31. This means that most of the exports of Navigational instruments and appliances nes are explained by 19 countries.

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TOP NET EXPORTER (2018): United Kingdom, $129M

TOP NET IMPORTER (2018): United States, $152M

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 2018.

In 2018, the countries that had a largest trade value in exports than in imports of Navigational instruments and appliances nes were United Kingdom ($129M), Mexico ($111M), Israel ($86.4M), Chinese Taipei ($82.2M), and Japan ($69.9M).

In 2018, the countries that had a largest trade value in imports than in exports of Navigational instruments and appliances nes were United States ($152M), India ($98.7M), South Korea ($67.1M), Canada ($39.1M), and Spain ($35.6M).

Trade Forecasts

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This section shows forecasts for total trade for Navigational instruments and appliances nes. 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 Navigational instruments and appliances nes was 4.13%.  The countries with the highest tariffs for importing Navigational instruments and appliances nes were Bahamas (33.5%), 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.