2023
Exports
$24.3MWorld Rnk 31 / 183
Flag Rnk 712 / 1212
2023
PRODUCT COMPLEXITY IN Compasses
0.63Rnk 316 / 1025
2023
Imports
$83.1MWorld Rnk 22 / 217
Flag Rnk 499 / 1208
2023
ECONOMIC COMPLEXITY of India
0.65Rnk 39 / 132

About

Exports In 2023, India exported $24.3M in Compasses, making it the 31st largest exporter of Compasses in the world. At the same year, Compasses was the 712th most exported product in India. The main destination of Compasses exports from India are: France ($5.2M), Burma ($4.96M), Singapore ($3.45M), Russia ($1.94M), and United States ($1.91M).

The fastest growing export markets for Compasses of India between 2022 and 2023 were Burma ($4.95M), France ($1.88M), and Russia ($1.68M).

Imports In 2023, India imported $83.1M in Compasses, becoming the 22nd largest importer of Compasses in the world. At the same year, Compasses was the 499th most imported product in India. India imports Compasses primarily from: United States ($22.9M), France ($21.7M), Netherlands ($4.39M), Germany ($4.31M), and United Kingdom ($4.05M).

The fastest growing import markets in Compasses for India between 2022 and 2023 were United States ($10.5M), Netherlands ($3.12M), and Norway ($2.47M).

Latest Trends

Jan 2025

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 (2023)$24.3M
IMPORTS (2023)$83.1M
NET TRADE (2023)-$58.8M

In 2023, India exported $24.3M in Compasses. The main destinations of India exports on Compasses were France ($5.2M), Burma ($4.96M), Singapore ($3.45M), Russia ($1.94M), and United States ($1.91M).

In 2023, India imported $83.1M in Compasses, mainly from United States ($22.9M), France ($21.7M), Netherlands ($4.39M), Germany ($4.31M), and United Kingdom ($4.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR India WERE (2022 - 2023):
Burma$4.95M (39.4k%)
France$1.88M (56.7%)
Russia$1.68M (628%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY India WERE (2022 - 2023):
Singapore-$2.4M (-41%)
Netherlands-$2.29M (-76.9%)
United States-$433k (-18.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, India's main exporting competitors in Compasses were:
In 2023, India'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+ $5.97M
TOP IMPORT POTENTIALUnited States+ $8.18M

Compasses’s highest export potential is United States. With an export gap of $5.97M.   Compasses’s highest import potential is United States with an import gap of $8.18M.

See methodology.

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