2022
Exports
$72.8MWorld Rnk 16 / 179
Flag Rnk 197 / 1208
2022
PRODUCT COMPLEXITY IN Compasses
0.89Rnk 212 / 1025
2022
Imports
$224MWorld Rnk 11 / 211
Flag Rnk 217 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $72.8M in Compasses, making it the 16th largest exporter of Compasses in the world. At the same year, Compasses was the 197th most exported product in Australia. The main destination of Compasses exports from Australia are: Netherlands ($16.7M), United States ($14.5M), United Kingdom ($5.87M), New Zealand ($4.33M), and Singapore ($3.92M).

The fastest growing export markets for Compasses of Australia between 2021 and 2022 were Netherlands ($9.86M), United States ($3.14M), and United Kingdom ($2.66M).

Imports In 2022, Australia imported $224M in Compasses, becoming the 11th largest importer of Compasses in the world. At the same year, Compasses was the 217th most imported product in Australia. Australia imports Compasses primarily from: United States ($115M), Chinese Taipei ($18.4M), France ($18.2M), United Kingdom ($10.6M), and Italy ($9.88M).

The fastest growing import markets in Compasses for Australia between 2021 and 2022 were United States ($6.01M), Netherlands ($2.46M), and Germany ($1.64M).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Compasses. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$72.8M
IMPORTS (2022)$224M
NET TRADE (2022)-$151M

In 2022, Australia exported $72.8M in Compasses. The main destinations of Australia exports on Compasses were Netherlands ($16.7M), United States ($14.5M), United Kingdom ($5.87M), New Zealand ($4.33M), and Singapore ($3.92M).

In 2022, Australia imported $224M in Compasses, mainly from United States ($115M), Chinese Taipei ($18.4M), France ($18.2M), United Kingdom ($10.6M), and Italy ($9.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Netherlands$9.86M (144%)
United States$3.14M (27.7%)
United Kingdom$2.66M (82.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Australia WERE (2021 - 2022):
France-$7.48M (-72.4%)
New Zealand-$3.05M (-41.3%)
Qatar-$2.74M (-99.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Compasses were:
In 2022, Australia's main importing competitors in Compasses were:

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $4.05M
TOP IMPORT POTENTIALUnited Kingdom+ $1.83M

Compasses’s highest export potential is United States. With an export gap of $4.05M.   Compasses’s highest import potential is United Kingdom with an import gap of $1.83M.

See methodology.

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