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

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Exports In 2022, United States exported $1.17B in Clocks, watches, & parts, making it the 8th largest exporter of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 75th most exported product in United States. The main destination of Clocks, watches, & parts exports from United States are: Switzerland ($285M), Hong Kong ($237M), Canada ($113M), United Arab Emirates ($80.4M), and Mexico ($69.2M).

The fastest growing export markets for Clocks, watches, & parts of United States between 2021 and 2022 were Switzerland ($58.1M), United Arab Emirates ($30M), and Canada ($11.5M).

Imports In 2022, United States imported $6.05B in Clocks, watches, & parts, becoming the 2nd largest importer of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 49th most imported product in United States. United States imports Clocks, watches, & parts primarily from: Switzerland ($4.24B), China ($548M), Japan ($312M), United Kingdom ($95.7M), and Thailand ($94.3M).

The fastest growing import markets in Clocks, watches, & parts for United States between 2021 and 2022 were Switzerland ($645M), United Arab Emirates ($59.6M), and Japan ($46.1M).

COMPANIES In 2023, leading companies such as IKEA SUPPLY AG (12.1k), ROBERT BOSCH TOOL CORPORATION (6.77k), and SAMSUNG ELECTRONICS AMERICA (6.17k) were at the forefront of shipping Clocks, watches, & parts to the United States.

Latest Trends

January 2024

About

Overview In January 2024 United States' Clocks, watches, & parts exports accounted up to $157M and imports accounted up to $559M, resulting in a negative trade balance of $402M. Between January 2023 and January 2024 the exports of United States' Clocks, watches, & parts have decreased by $-2.92M (-1.83%) from $160M to $157M, while imports increased by $54.7M (10.8%) from $504M to $559M.

Destinations In January 2024, Clocks, watches, & parts were exported mostly to Hong Kong ($39.6M), Switzerland ($35.6M), Mexico ($14.7M), Canada ($12.6M), and United Arab Emirates ($6.83M), and were imported mostly from Switzerland ($466M), Japan ($35.8M), China ($32.7M), Germany ($5.65M), and Thailand ($3.45M).

Growth In January 2024, the decrease in Clocks, watches, & parts's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-24.4M or -33.4%), Thailand ($-1.49M or -91.6%), and United Arab Emirates ($-797k or -9.18%). In January 2024, the increase in Clocks, watches, & parts's year-by-year imports was explained primarily by an increase in imports from Switzerland ($37.6M or 10.3%), France ($4.22M or 219%), and United Kingdom ($417k or 33.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-2.92M(-1.83%)

IMPORT GROWTH (January 2023 - January 2024)$54.7M(10.8%)

MAIN EXPORTER (January 2024)New York$67.8M

MAIN DESTINATION (January 2024)Hong Kong$39.6M

This section shows Clocks, watches, & parts's exports and imports data at subnational level for United States. 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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