2022
Exports
$492MWorld Rnk 4 / 179
Flag Rnk 424 / 1216
2022
PRODUCT COMPLEXITY IN Compasses
0.89Rnk 212 / 1025
2022
Imports
$484MWorld Rnk 4 / 211
Flag Rnk 435 / 1215
2022
ECONOMIC COMPLEXITY of Germany
1.78Rnk 5 / 133

About

Exports In 2022, Germany exported $492M in Compasses, making it the 4th largest exporter of Compasses in the world. At the same year, Compasses was the 424th most exported product in Germany. The main destination of Compasses exports from Germany are: United States ($159M), Hong Kong ($38.3M), Italy ($26.7M), India ($26.2M), and Netherlands ($23.4M).

The fastest growing export markets for Compasses of Germany between 2021 and 2022 were India ($18.7M), Philippines ($3.54M), and United States ($2.84M).

Imports In 2022, Germany imported $484M in Compasses, becoming the 4th largest importer of Compasses in the world. At the same year, Compasses was the 435th most imported product in Germany. Germany imports Compasses primarily from: United States ($179M), United Kingdom ($141M), France ($45.5M), Italy ($21.4M), and Netherlands ($19.5M).

The fastest growing import markets in Compasses for Germany between 2021 and 2022 were United States ($22.6M), United Kingdom ($19.4M), and Italy ($13.7M).

Latest Trends

Sep 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)$492M
IMPORTS (2022)$484M
NET TRADE (2022)$7.45M

In 2022, Germany exported $492M in Compasses. The main destinations of Germany exports on Compasses were United States ($159M), Hong Kong ($38.3M), Italy ($26.7M), India ($26.2M), and Netherlands ($23.4M).

In 2022, Germany imported $484M in Compasses, mainly from United States ($179M), United Kingdom ($141M), France ($45.5M), Italy ($21.4M), and Netherlands ($19.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Germany WERE (2021 - 2022):
India$18.7M (252%)
Philippines$3.54M (192%)
United States$2.84M (1.82%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Germany WERE (2021 - 2022):
Turkey-$75.6M (-95.8%)
Spain-$22.3M (-80.3%)
Austria-$21.6M (-77.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Germany's main exporting competitors in Compasses were:
In 2022, Germany'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 POTENTIALFrance+ $17.2M
TOP IMPORT POTENTIALFrance+ $25.6M

Compasses’s highest export potential is France. With an export gap of $17.2M.   Compasses’s highest import potential is France with an import gap of $25.6M.

See methodology.

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