HS Code:
Gyroscopic compasses, classified under HS Code 9014.80, are precision navigation instruments that use gyroscopic principles to determine direction relative to true north. Unlike magnetic compasses, they are unaffected by magnetic fields, making them critical for maritime and aeronautical navigation. These devices are integral to ships, submarines, and aircraft, ensuring accurate course plotting under various environmental conditions. The global trade of gyroscopic compasses reflects demand in defense, commercial shipping, and aviation sectors, driven by technological advancements and the need for reliable navigation systems.
Total Trade Volume
USD 250 million
Data from 2022
Source
United Nations Comtrade Database
USD 75 million
30% of total trade of total trade
Increasing
USD 50 million
20% of total trade of total trade
Stable
USD 40 million
16% of total trade of total trade
Increasing
USD 30 million
12% of total trade of total trade
Stable
USD 25 million
10% of total trade of total trade
Decreasing
Average Rate
5.2% ad valorem
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-US TTIP provisions)
Shift towards digital gyrocompasses
Increased demand for fiber optic gyrocompasses (FOG) due to higher accuracy and lower maintenance compared to traditional mechanical gyroscopes.
2021-2023
Integration with autonomous navigation systems
Growing adoption in autonomous ships and drones, driving innovation and trade in high-tech gyroscopic systems.
2022-2023
Rising defense budgets
Higher procurement of gyroscopic compasses for naval and air force applications, particularly in Asia-Pacific and North America.
2020-2023
The US Department of Commerce added specific gyroscopic compass technologies to the Export Administration Regulations (EAR) list, citing national security concerns.
March 2023
Restricted exports to certain countries, potentially shifting trade patterns towards EU and Japanese manufacturers.
The EU updated its maritime safety directive, mandating advanced gyroscopic navigation systems for all commercial vessels over 500 gross tonnage by 2025.
January 2023
Expected surge in demand for compliant gyroscopic compasses, benefiting European manufacturers.
A leading Japanese firm unveiled a compact, high-precision gyroscopic compass for small drones and unmanned vessels, reducing costs by 20%.
September 2022
Likely to expand market access in emerging economies and boost trade volume in lightweight navigation systems.