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2022
Exports $3.22BWorld Rnk 1 / 200
Flag Rnk 214 / 1216
2022
Destination $75M United States
2021 - 2022
FASTEST GROWING MARKET $75MUnited States
2022
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 162 / 1025
2022
Imports $1.5BWorld Rnk 3 / 220
Flag Rnk 170 / 1212
2022
Origin $510M Hungary
2021 - 2022
FASTEST GROWING ORIGIN $510MHungary
2022
ECONOMIC COMPLEXITY of China1.12Rnk 22 / 133

About

Exports In 2022, China exported $3.22B in Navigation Equipment, making it the 1st largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 214th most exported product in China. The main destination of Navigation Equipment exports from China are: United States ($752M), Japan ($355M), Germany ($220M), Hong Kong ($189M), and Netherlands ($117M).

The fastest growing export markets for Navigation Equipment of China between 2021 and 2022 were United States ($75M), Japan ($60.9M), and Malaysia ($42.4M).

Imports In 2022, China imported $1.5B in Navigation Equipment, becoming the 3rd largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 170th most imported product in China. China imports Navigation Equipment primarily from: Hungary ($535M), Germany ($275M), Japan ($196M), United States ($78.8M), and Singapore ($69.2M).

The fastest growing import markets in Navigation Equipment for China between 2021 and 2022 were Hungary ($510M), Vietnam ($35M), and Russia ($22.9M).

COMPANIES In 2023, leading companies such as Hongkong Xin Jie Technology (187), CrimsonLogic (129), and HP Inc (49) were at the forefront of shipping Navigation Equipment from China to the United States.

Latest Trends

October 2024

About

Overview In October 2024 China's Navigation Equipment exports accounted up to $240M and imports accounted up to $187M, resulting in a positive trade balance of $53.3M. Between October 2023 and October 2024 the exports of China's   Navigation Equipment have increased by $10.3M (4.49%) from $230M to $240M, while imports increased by $4.03M (2.2%) from $183M to $187M.

Destinations In October 2024, Navigation Equipment were exported mostly to United States ($43M), Japan ($29.2M), Hong Kong ($19.4M), Germany ($14.9M), and Vietnam ($13.1M), and were imported mostly from Portugal ($91.2M), Hungary ($22.5M), Japan ($14.7M), United States ($13M), and Germany ($10.2M).

Growth In October 2024, the increase in Navigation Equipment's year-by-year exports was explained primarily by an increase in exports to Malaysia ($5.98M or 289%), Iran ($5.06M or 208%), and Turkey ($3.97M or 103%). In October 2024, the increase in Navigation Equipment's year-by-year imports was explained primarily by an increase in imports from Mexico ($16.9M or 1.18k%), Portugal ($10.9M or 2.33k%), and Vietnam ($5.88M or 206%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)$10.3M(4.49%)
IMPORT GROWTH (October 2023 - October 2024)$4.03M(2.2%)
MAIN EXPORTER (October 2024)Guangdong Province$126M
MAIN DESTINATION (October 2024)United States$43M

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 (2022)$3.22B
IMPORTS (2022)$1.5B
NET TRADE (2022)$1.71B

In 2022, China exported $3.22B in Navigation Equipment. The main destinations of China exports on Navigation Equipment were United States ($752M), Japan ($355M), Germany ($220M), Hong Kong ($189M), and Netherlands ($117M).

In 2022, China imported $1.5B in Navigation Equipment, mainly from Hungary ($535M), Germany ($275M), Japan ($196M), United States ($78.8M), and Singapore ($69.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR China WERE (2021 - 2022):
United States$75M (11.1%)
Japan$60.9M (20.7%)
Malaysia$42.4M (192%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY China WERE (2021 - 2022):
Hong Kong-$53.3M (-22%)
China-$20.1M (-36.2%)
Canada-$7.31M (-15.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, China's main exporting competitors in Navigation Equipment were:
United States $2.61B
Germany $1.95B
In 2022, China's main importing competitors in Navigation Equipment were:
United States $3.89B
Germany $1.74B

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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.

See methodology.

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