Compasses in United Kingdom | The Observatory of Economic Complexity

About

Exports In 2022, United Kingdom exported $1.13B in Compasses, making it the 2nd largest exporter of Compasses in the world. At the same year, Compasses was the 72nd most exported product in United Kingdom. The main destination of Compasses exports from United Kingdom are: United States ($215M), Germany ($141M), United Kingdom ($108M), Saudi Arabia ($83.3M), and United Arab Emirates ($75.1M).

The fastest growing export markets for Compasses of United Kingdom between 2021 and 2022 were United Kingdom ($25.2M), United Arab Emirates ($24.3M), and Germany ($19.4M).

Imports In 2022, United Kingdom imported $571M in Compasses, becoming the 2nd largest importer of Compasses in the world. At the same year, Compasses was the 227th most imported product in United Kingdom. United Kingdom imports Compasses primarily from: France ($119M), United Kingdom ($108M), United States ($85.9M), Italy ($84.7M), and Netherlands ($24.7M).

The fastest growing import markets in Compasses for United Kingdom between 2021 and 2022 were Italy ($47M), France ($31.9M), and United Kingdom ($25.2M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Compasses from United Kingdom to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United Kingdom's Compasses exports accounted up to £57M and imports accounted up to £83.9M, resulting in a negative trade balance of £26.9M. Between January 2023 and January 2024 the exports of United Kingdom's Compasses have increased by £3.24M (6.03%) from £53.8M to £57M, while imports increased by £5.56M (7.09%) from £78.3M to £83.9M.

Destinations In January 2024, Compasses were exported mostly to Germany (£13.1M), United States (£12.4M), France (£8.15M), Italy (£2.49M), and Spain (£2.27M), and were imported mostly from France (£16.1M), Germany (£15.7M), United States (£13M), China (£6.11M), and Turkey (£5.6M).

Growth In January 2024, the increase in Compasses's year-by-year exports was explained primarily by an increase in exports to France (£2.81M or 48.1%), Egypt (£2.18M or 246%), and China (£1.28M or 173%). In January 2024, the increase in Compasses's year-by-year imports was explained primarily by an increase in imports from Germany (£6.51M or 54.3%), France (£4.48M or 47.2%), and United States (£3.42M or 40.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£3.24M(6.03%)

IMPORT GROWTH (January 2023 - January 2024)£5.56M(7.09%)

MAIN EXPORTER (January 2024)London Heathrow Airport£19.6M

MAIN DESTINATION (January 2024)Germany£13.1M

This section shows Compasses'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 Compasses over time.

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