Navigation Equipment in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $653M in Navigation Equipment, making it the 8th largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 112th most exported product in United Kingdom. The main destination of Navigation Equipment exports from United Kingdom are: United States ($132M), Italy ($81.1M), Netherlands ($79.8M), Spain ($47M), and Germany ($40.5M).

The fastest growing export markets for Navigation Equipment of United Kingdom between 2021 and 2022 were Netherlands ($41.8M), Spain ($10.8M), and Chinese Taipei ($7.91M).

Imports In 2022, United Kingdom imported $795M in Navigation Equipment, becoming the 5th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 167th most imported product in United Kingdom. United Kingdom imports Navigation Equipment primarily from: United States ($125M), China ($107M), Chinese Taipei ($96.7M), Italy ($81.9M), and Germany ($65.8M).

The fastest growing import markets in Navigation Equipment for United Kingdom between 2021 and 2022 were United States ($61.7M), China ($20.8M), and Sweden ($11.8M).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (464) were at the forefront of shipping Navigation Equipment from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Navigation Equipment exports accounted up to £76M and imports accounted up to £96.9M, resulting in a negative trade balance of £21M. Between January 2023 and January 2024 the exports of United Kingdom's Navigation Equipment have increased by £16.6M (28%) from £59.3M to £76M, while imports increased by £26.4M (37.5%) from £70.5M to £96.9M.

Destinations In January 2024, Navigation Equipment were exported mostly to Rest of the world (£46.7M), United States (£4.76M), Taiwan (£3.94M), France (£3.68M), and Germany (£2.89M), and were imported mostly from Rest of the world (£54.1M), United States (£17M), Germany (£3.61M), Taiwan (£3.19M), and Netherlands (£2.3M).

Growth In January 2024, the increase in Navigation Equipment's year-by-year exports was explained primarily by an increase in exports to Rest of the world (£8.28M or 37.5%), Saudi Arabia (£2.25M or 864%), and Germany (£1.67M or 42.2%). In January 2024, the increase in Navigation Equipment's year-by-year imports was explained primarily by an increase in imports from Luxembourg (£3.74M or 43.1k%), United States (£2.5M or 38.5%), and Italy (£1.08M or 103%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£16.6M(28%)

IMPORT GROWTH (January 2023 - January 2024)£26.4M(37.5%)

MAIN EXPORTER (January 2024)London Heathrow Airport£8.74M

MAIN DESTINATION (January 2024)Rest of the world£46.7M

This section shows Navigation Equipment's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Navigation Equipment over time.

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