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901410 (Harmonized System 1992 for 6-digit)

2023
World Trade $278MRnk 3403 / 4644
2023
Top Exporter | Top Importer $40.5M | $43MJapan | United States
2023
Product Complexity 0.94Rnk 873 / 4656
2022 - 2023
Export Growth (CAGR) 4.45%Rnk 1087 / 4644
2023
Share of World Trade 0.0012%Rnk 3403 / 4644

About

Overview This page contains the latest trade data of Direction finding compasses. In 2023, Direction finding compasses were the world's 3403rd most traded product, with a total trade of $278M. Between 2022 and 2023 the exports of Direction finding compasses grew by 4.45%, from $266M to $278M. Trade in Direction finding compasses represent 0.0012% of total world trade.

Direction finding compasses are a part of Compasses.

Exports In 2023 the top exporters of Direction finding compasses  were Japan ($40.5M), France ($38.3M), United States ($38.3M), Germany ($29.3M), and China ($28.3M).

Imports In 2023 the top importers of Direction finding compasses were United States ($43M), China ($23.8M), United Kingdom ($23.5M), Netherlands ($16.4M), and South Korea ($15M).

Ranking Direction finding compasses ranks 873rd in the Product Complexity Index (PCI).

Description Direction finding compasses allow the user to find the approximate direction of where they are going or where they came from.

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Direction finding compasses. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Japan$40.5M
Top Destination (2023)United States$43M

In 2023 Direction finding compasses were the world's 3403rd most traded product (out of 4,644).

In 2023, the top exporters of Direction finding compasses were Japan ($40.5M), France ($38.3M), United States ($38.3M), Germany ($29.3M), and China ($28.3M).

In 2023, the top importers of Direction finding compasses were United States ($43M), China ($23.8M), United Kingdom ($23.5M), Netherlands ($16.4M), and South Korea ($15M).

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Exporters of Direction finding compasses (2023)
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Importers of Direction finding compasses (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Germany$7.78M
Top Destination Growth (2022 -  2023)United Kingdom$5.91M

Between 2022 and 2023, the exports of Direction finding compasses grew the fastest in Germany ($7.78M), Japan ($6.12M), China ($5.83M), Switzerland ($2.59M), and Netherlands ($2.24M).

Between 2022 and 2023, the fastest growing importers of Direction finding compasses were United Kingdom ($5.91M), Russia ($4.04M), Singapore ($3.9M), Italy ($3.88M), and United Arab Emirates ($3.78M).

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Exporters of Direction finding compasses (2022 - 2023)

Importers of Direction finding compasses (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Direction finding compasses.

In 2023, market concentration measured using Shannon Entropy, was 4.04. This means that most of the exports of Direction finding compasses are explained by 16 countries.

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Value of Exports in Direction finding compasses

Net Trade

TOP NET EXPORTER (2023)Japan$35.2M
TOP NET IMPORTER (2023)South Korea$14.6M

This map shows which countries export or import more of Direction finding compasses. Each country is colored based on the difference in exports and imports of Direction finding compasses during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Direction finding compasses were Japan ($35.2M), France ($31.6M), Germany ($19.4M), China ($4.54M), and Switzerland ($4.47M).

In 2023, the countries that had a largest trade value in imports than in exports of Direction finding compasses were South Korea ($14.6M), Singapore ($11.1M), Netherlands ($6.42M), Turkey ($6.01M), and Russia ($5.51M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Direction finding compasses.
It is possible to select the main countries that export or import Direction finding compasses in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Direction finding compasses by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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