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2023
Exports $3.35BWorld Rnk 1 / 199
Flag Rnk 182 / 1215
2023
Destination $33.9M United States
2022 - 2023
FASTEST GROWING MARKET $33.9MVietnam
2023
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 167 / 1025
2023
Imports $1.81BWorld Rnk 3 / 223
Flag Rnk 151 / 1214
2023
Origin $187M Hungary
2022 - 2023
FASTEST GROWING ORIGIN $187MPortugal
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $3.35B in Navigation Equipment, making it the 1st largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 182nd most exported product in China. The main destination of Navigation Equipment exports from China are: United States ($857M), Japan ($347M), Germany ($244M), Hong Kong ($193M), and Russia ($145M).

The fastest growing export markets for Navigation Equipment of China between 2022 and 2023 were Vietnam ($33.9M), Russia ($33.3M), and Hong Kong ($31.5M).

Imports In 2023, China imported $1.81B in Navigation Equipment, becoming the 3rd largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 151st most imported product in China. China imports Navigation Equipment primarily from: Hungary ($495M), Germany ($219M), Portugal ($206M), Mexico ($202M), and Japan ($166M).

The fastest growing import markets in Navigation Equipment for China between 2022 and 2023 were Portugal ($187M), Mexico ($166M), and Russia ($58.2M).

COMPANIES In 2024, leading companies such as Amazon (150), CrimsonLogic (45), and Hongkong Xin Jie Technology (41) were at the forefront of shipping Navigation Equipment from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Navigation Equipment exports accounted up to $292M and imports accounted up to $179M, resulting in a positive trade balance of $113M. Between December 2023 and December 2024 the exports of China's   Navigation Equipment have increased by $14.1M (5.07%) from $278M to $292M, while imports decreased by $-41.8M (-18.9%) from $221M to $179M.

Destinations In December 2024, Navigation Equipment were exported mostly to United States ($40M), Japan ($38.6M), Hong Kong ($25.7M), Vietnam ($17.3M), and Netherlands ($12.5M), and were imported mostly from Portugal ($95.5M), Japan ($18M), United States ($12.7M), Hungary ($11M), and Germany ($10.9M).

Growth In December 2024, the increase in Navigation Equipment's year-by-year exports was explained primarily by an increase in exports to Hong Kong ($8.11M or 57%), Japan ($6.7M or 25.2%), and Germany ($5.64M or 39.9%). In December 2024, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from Hungary ($-35M or -56.2%), Vietnam ($-2.56M or -29.2%), and Singapore ($-1.69M or -75%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$14.1M(5.07%)
IMPORT GROWTH (December 2023 - December 2024)$-41.8M(-18.9%)
MAIN EXPORTER (December 2024)Guangdong Province$126M
MAIN DESTINATION (December 2024)United States$40M

This section shows Navigation Equipment'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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.35B
IMPORTS (2023)$1.81B
NET TRADE (2023)$1.54B

In 2023, China exported $3.35B in Navigation Equipment. The main destinations of China exports on Navigation Equipment were United States ($857M), Japan ($347M), Germany ($244M), Hong Kong ($193M), and Russia ($145M).

In 2023, China imported $1.81B in Navigation Equipment, mainly from Hungary ($495M), Germany ($219M), Portugal ($206M), Mexico ($202M), and Japan ($166M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR China WERE (2022 - 2023):
Vietnam$33.9M (73.2%)
Russia$33.3M (29.9%)
Hong Kong$31.5M (19.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY China WERE (2022 - 2023):
Poland-$28.8M (-41.1%)
South Korea-$26.3M (-38%)
Japan-$19.4M (-5.28%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Navigation Equipment were:
United States $3.12B
Germany $1.92B
In 2023, China's main importing competitors in Navigation Equipment were:
United States $4.43B
Germany $2.3B

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $65.4M
TOP IMPORT POTENTIALVietnam+ $52.4M

Navigation Equipment’s highest export potential is United States. With an export gap of $65.4M.   Navigation Equipment’s highest import potential is Vietnam with an import gap of $52.4M.

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