2022
Exports
$42.4MWorld Rnk 20 / 179
Flag Rnk 377 / 1211
2022
PRODUCT COMPLEXITY IN Compasses
0.89Rnk 212 / 1025
2022
Imports
$70.1MWorld Rnk 25 / 211
Flag Rnk 443 / 1213
2022
ECONOMIC COMPLEXITY of Switzerland
1.97Rnk 2 / 133

About

Exports In 2022, Switzerland exported $42.4M in Compasses, making it the 20th largest exporter of Compasses in the world. At the same year, Compasses was the 377th most exported product in Switzerland. The main destination of Compasses exports from Switzerland are: Germany ($9.04M), United States ($6.4M), France ($5.9M), Italy ($2.75M), and Israel ($2.72M).

The fastest growing export markets for Compasses of Switzerland between 2021 and 2022 were United States ($1.9M), Italy ($1.29M), and United Arab Emirates ($1.14M).

Imports In 2022, Switzerland imported $70.1M in Compasses, becoming the 25th largest importer of Compasses in the world. At the same year, Compasses was the 443rd most imported product in Switzerland. Switzerland imports Compasses primarily from: United States ($25.7M), France ($16M), Germany ($10.9M), United Arab Emirates ($4.08M), and United Kingdom ($3.52M).

The fastest growing import markets in Compasses for Switzerland between 2021 and 2022 were United Arab Emirates ($4.05M), France ($1.54M), and India ($209k).

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)$42.4M
IMPORTS (2022)$70.1M
NET TRADE (2022)-$27.7M

In 2022, Switzerland exported $42.4M in Compasses. The main destinations of Switzerland exports on Compasses were Germany ($9.04M), United States ($6.4M), France ($5.9M), Italy ($2.75M), and Israel ($2.72M).

In 2022, Switzerland imported $70.1M in Compasses, mainly from United States ($25.7M), France ($16M), Germany ($10.9M), United Arab Emirates ($4.08M), and United Kingdom ($3.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Switzerland WERE (2021 - 2022):
United States$1.9M (42.1%)
Italy$1.29M (88.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Switzerland WERE (2021 - 2022):
Germany-$4.49M (-33.2%)
Russia-$2.93M (-88.2%)
Chinese Taipei-$1.38M (-99.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Switzerland's main exporting competitors in Compasses were:
In 2022, Switzerland'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 POTENTIALGermany+ $4.15M
TOP IMPORT POTENTIALFrance+ $6.79M

Compasses’s highest export potential is Germany. With an export gap of $4.15M.   Compasses’s highest import potential is France with an import gap of $6.79M.

See methodology.

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