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2023
Exports $601MWorld Rnk 3 / 183
Flag Rnk 115 / 1216
2023
Destination $10.1M United States
2022 - 2023
FASTEST GROWING MARKET $10.1MNetherlands
2023
PRODUCT COMPLEXITY IN Compasses0.63Rnk 316 / 1025
2023
Imports $503MWorld Rnk 3 / 217
Flag Rnk 240 / 1214
2023
Origin $67M United States
2022 - 2023
FASTEST GROWING ORIGIN $67MGermany
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $601M in Compasses, making it the 3rd largest exporter of Compasses in the world. At the same year, Compasses was the 115th most exported product in United Kingdom. The main destination of Compasses exports from United Kingdom are: United States ($150M), Netherlands ($66.6M), Italy ($47.6M), Germany ($37.4M), and Saudi Arabia ($30.5M).

The fastest growing export markets for Compasses of United Kingdom between 2022 and 2023 were Netherlands ($10.1M), Qatar ($9.58M), and South Korea ($9.51M).

Imports In 2023, United Kingdom imported $503M in Compasses, becoming the 3rd largest importer of Compasses in the world. At the same year, Compasses was the 240th most imported product in United Kingdom. United Kingdom imports Compasses primarily from: United States ($139M), Italy ($83.3M), Germany ($82.9M), France ($73.8M), and Malaysia ($16.9M).

The fastest growing import markets in Compasses for United Kingdom between 2022 and 2023 were Germany ($67M), United States ($27.4M), and Italy ($12.7M).

COMPANIES In 2023, leading companies such as Amazon (1) were at the forefront of shipping Compasses from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Compasses exports accounted up to £89.1M and imports accounted up to £89.7M, resulting in a negative trade balance of £635k. Between November 2023 and November 2024 the exports of United Kingdom's   Compasses have increased by £2.27M (2.61%) from £86.8M to £89.1M, while imports decreased by £-10.9M (-10.8%) from £101M to £89.7M.

Destinations In November 2024, Compasses were exported mostly to United Arab Emirates (£15.7M), Germany (£15.4M), United States (£13.8M), France (£9.95M), and Netherlands (£3.87M), and were imported mostly from United States (£21.3M), Germany (£16.5M), France (£14.5M), United Arab Emirates (£9.36M), and Italy (£5.92M).

Growth In November 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 November 2024, the decrease in Compasses's year-by-year imports was explained primarily by a decrease in imports from Italy (£-5.34M or -64.7%), Japan (£-2.77M or -94.5%), and United Arab Emirates (£-2.52M or -55.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£2.27M(2.61%)
IMPORT GROWTH (November 2023 - November 2024)£-10.9M(-10.8%)
MAIN EXPORTER (November 2024)London Heathrow Airport£46.7M
MAIN DESTINATION (November 2024)United Arab Emirates£15.7M

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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Historical Data

Trade Balance

Color
EXPORTS (2023)$601M
IMPORTS (2023)$503M
NET TRADE (2023)$98.2M

In 2023, United Kingdom exported $601M in Compasses. The main destinations of United Kingdom exports on Compasses were United States ($150M), Netherlands ($66.6M), Italy ($47.6M), Germany ($37.4M), and Saudi Arabia ($30.5M).

In 2023, United Kingdom imported $503M in Compasses, mainly from United States ($139M), Italy ($83.3M), Germany ($82.9M), France ($73.8M), and Malaysia ($16.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Netherlands$10.1M (17.9%)
Qatar$9.58M (49.1%)
South Korea$9.51M (91.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY United Kingdom WERE (2022 - 2023):
France-$34.6M (-56.6%)
United Arab Emirates-$30M (-58.2%)
China-$11.5M (-37.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $9.5M
N/AN/AN/A

Compasses’s highest export potential is China. With an export gap of $9.5M.   Compasses’s highest import potential is N/A with an import gap of N/A.

See methodology.

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