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2023
Exports $216MWorld Rnk 11 / 183
Flag Rnk 741 / 1215
2023
Destination $15.3M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $15.3MRussia
2023
PRODUCT COMPLEXITY IN Compasses0.63Rnk 316 / 1025
2023
Imports $340MWorld Rnk 9 / 217
Flag Rnk 407 / 1214
2023
Origin $31.7M United States
2022 - 2023
FASTEST GROWING ORIGIN $31.7MHong Kong
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $216M in Compasses, making it the 11th largest exporter of Compasses in the world. At the same year, Compasses was the 741st most exported product in China. The main destination of Compasses exports from China are: Hong Kong ($24.4M), United States ($23.2M), Ukraine ($22.7M), Russia ($18.8M), and Malaysia ($8.63M).

The fastest growing export markets for Compasses of China between 2022 and 2023 were Russia ($15.3M), Ukraine ($10.3M), and Malaysia ($7.73M).

Imports In 2023, China imported $340M in Compasses, becoming the 9th largest importer of Compasses in the world. At the same year, Compasses was the 407th most imported product in China. China imports Compasses primarily from: United States ($79.9M), Japan ($75.4M), Hong Kong ($33.1M), United Kingdom ($19M), and Germany ($18.8M).

The fastest growing import markets in Compasses for China between 2022 and 2023 were Hong Kong ($31.7M), United States ($19.4M), and South Korea ($14.7M).

COMPANIES In 2024, leading companies such as ZF Friedrichshafen (5), CNH Industrial (1), and CrimsonLogic (1) were at the forefront of shipping Compasses from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Compasses exports accounted up to $8.83M and imports accounted up to $33.2M, resulting in a negative trade balance of $24.3M. Between December 2023 and December 2024 the exports of China's   Compasses have decreased by $-2.34M (-21%) from $11.2M to $8.83M, while imports increased by $3.59M (12.1%) from $29.6M to $33.2M.

Destinations In December 2024, Compasses were exported mostly to Saudi Arabia ($1.11M), United States ($886k), Hong Kong ($765k), Singapore ($597k), and Japan ($496k), and were imported mostly from United States ($10.7M), Japan ($7.89M), Norway ($3.14M), Germany ($1.91M), and United Kingdom ($1.58M).

Growth In December 2024, the decrease in Compasses's year-by-year exports was explained primarily by a decrease in exports to Germany ($-1.74M or -95.5%), Pakistan ($-1.34M or -98.1%), and Russia ($-1.15M or -65.7%). In December 2024, the increase in Compasses's year-by-year imports was explained primarily by an increase in imports from Japan ($3.08M or 107%), Norway ($1.25M or 164%), and Chinese Taipei ($863k or 194%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-2.34M(-21%)
IMPORT GROWTH (December 2023 - December 2024)$3.59M(12.1%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Saudi Arabia$1.11M

This section shows Compasses's exports and imports data at subnational level for China. 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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Historical Data

Trade Balance

Color
EXPORTS (2023)$216M
IMPORTS (2023)$340M
NET TRADE (2023)-$124M

In 2023, China exported $216M in Compasses. The main destinations of China exports on Compasses were Hong Kong ($24.4M), United States ($23.2M), Ukraine ($22.7M), Russia ($18.8M), and Malaysia ($8.63M).

In 2023, China imported $340M in Compasses, mainly from United States ($79.9M), Japan ($75.4M), Hong Kong ($33.1M), United Kingdom ($19M), and Germany ($18.8M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR China WERE (2022 - 2023):
Russia$15.3M (437%)
Ukraine$10.3M (82.5%)
Malaysia$7.73M (851%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY China WERE (2022 - 2023):
Mexico-$5.16M (-63.2%)
Bangladesh-$2.46M (-94.4%)
Japan-$2.17M (-29.8%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Compasses were:
United States $2.48B
France $1.21B
United Kingdom $601M
In 2023, China's main importing competitors in Compasses were:
United States $1.55B
France $513M
United Kingdom $503M

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.2M
TOP IMPORT POTENTIALFrance+ $11.1M

Compasses’s highest export potential is United States. With an export gap of $11.2M.   Compasses’s highest import potential is France with an import gap of $11.1M.

See methodology.

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