Clocks, watches, & parts in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $6.75B in Clocks, watches, & parts, making it the 2nd largest exporter of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 51st most exported product in China. The main destination of Clocks, watches, & parts exports from China are: Hong Kong ($1.46B), United States ($548M), Switzerland ($547M), Japan ($427M), and Germany ($362M).

The fastest growing export markets for Clocks, watches, & parts of China between 2021 and 2022 were Singapore ($82.2M), United Kingdom ($58.7M), and United Arab Emirates ($56.1M).

Imports In 2022, China imported $3.57B in Clocks, watches, & parts, becoming the 4th largest importer of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 44th most imported product in China. China imports Clocks, watches, & parts primarily from: Switzerland ($2.7B), China ($319M), Japan ($116M), Singapore ($114M), and United Arab Emirates ($98M).

The fastest growing import markets in Clocks, watches, & parts for China between 2021 and 2022 were United Arab Emirates ($75.7M), Burma ($1.16M), and Zambia ($211k).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (11.6k), ROBERT BOSCH TOOL CORPORATION (5.63k), and AMAZON SERVICES LLC (4.64k) were at the forefront of shipping Clocks, watches, & parts from China to the United States.

Latest Trends

February 2024

About

Overview In February 2024 China's Clocks, watches, & parts exports accounted up to $279M and imports accounted up to $285M, resulting in a negative trade balance of $5.48M. Between February 2023 and February 2024 the exports of China's Clocks, watches, & parts have increased by $25.2M (9.92%) from $254M to $279M, while imports decreased by $-64.6M (-18.5%) from $349M to $285M.

Destinations In February 2024, Clocks, watches, & parts were exported mostly to Hong Kong ($67.1M), United States ($28M), Singapore ($15.8M), Malaysia ($14.9M), and Japan ($11M), and were imported mostly from Switzerland ($235M), Japan ($17M), China ($12.4M), Thailand ($7.61M), and France ($4.01M).

Growth In February 2024, the increase in Clocks, watches, & parts's year-by-year exports was explained primarily by an increase in exports to Singapore ($13.6M or 431%), Australia ($9.66M or 173%), and United Arab Emirates ($4.16M or 98.3%). In February 2024, the decrease in Clocks, watches, & parts's year-by-year imports was explained primarily by a decrease in imports from Switzerland ($-104M or -33.8%), China ($-34.2M or -72.1%), and Japan ($-15.4M or -58.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$25.2M(9.92%)

IMPORT GROWTH (February 2023 - February 2024)$-64.6M(-18.5%)

MAIN EXPORTER (February 2024)Guangdong Province$248M

MAIN DESTINATION (February 2024)Hong Kong$67.1M

This section shows Clocks, watches, & parts'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 Clocks, watches, & parts over time.

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