Clocks and watches in United States2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $53M | $207M, Switzerland | Switzerland
2019 ECONOMIC COMPLEXITY of United States: 1.59, Rnk 9 / 147
2019 PRODUCT COMPLEXITY IN Clocks and watches: 0.17, Rnk 40 / 96
The fastest growing export markets for Clocks and watches of United States between 2018 and 2019 were Switzerland ($53M), United Arab Emirates ($11.4M), and Paraguay ($9.83M).
The fastest growing import markets in Clocks and watches for United States between 2018 and 2019 were Switzerland ($207M), United Arab Emirates ($14.3M), and United Kingdom ($11.4M).
Tariffs In 2019, the average tariff for United States in Clocks and watches was 14.4%. The countries with the highest import tariffs for Clocks and watches were North Korea (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 47.4%), Cuba (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 47.4%), Central African Republic (Most Favoured Nation duty rate treatement, 22.4%), Guinea (Most Favoured Nation duty rate treatement, 22.4%), and Madagascar (Most Favoured Nation duty rate treatement, 22.4%).
September 2021
Overview In September 2021 United States' Clocks and watches exports accounted up to $117M and imports accounted up to $572M, resulting in a negative trade balance of $455M. Between September 2020 and September 2021 the exports of United States' Clocks and watches have decreased by $-11.6M (-9.04%) from $128M to $117M, while imports increased by $159M (38.7%) from $413M to $572M.
Destinations In September 2021, Clocks and watches were exported mostly to N/A, and were imported mostly from N/A.
Growth In September 2021, the decrease in Clocks and watches's year-by-year exports was explained primarily by a decrease in exports to Switzerland ($-8.25M or -26.6%), France ($-2.12M or -69%), and Germany ($-1.22M or -45.6%). In September 2021, the increase in Clocks and watches's year-by-year imports was explained primarily by an increase in imports from Switzerland ($117M or 41.7%), Japan ($20.6M or 40.8%), and China ($18.3M or 37.7%).
EXPORT GROWTH (September 2020 - September 2021): $-11.6M, (-9.04%)
IMPORT GROWTH (September 2020 - September 2021): $159M, (38.7%)
MAIN EXPORTER (September 2021): New York, $48.4M
This section shows Clocks and watches'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 and watches over time.
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EXPORTS (2019): $1.07B
In N/A, United States imported N/A in Clocks and watches, mainly from Switzerland ($2.58B), China ($558M), Japan ($245M), Mexico ($92.8M), and Thailand ($65.7M).
IN 2019, United States HAD A POSITIVE NET TRADE IN Clocks and watches WITH:
IN N/A, United States HAD A NEGATIVE NET TRADE IN Clocks and watches WITH:
THE FASTEST GROWING Clocks and watches EXPORT MARKETS FOR United States WERE (2018 - 2019):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Clocks and watches BY United States WERE (2018 - 2019):
In 2019, United States's main exporting competitors in Clocks and watches were:
In 2019, United States's main importing competitors in Clocks and watches were:
In 2019, the average tariff for United States in Clocks and watches was 14.4%.
The countries with the highest tariffs for Clocks and watches in United States were North Korea (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 47.4%), Cuba (Non-MFN duty rate for countries excluded from Most-Favoured- Nation (MFN) treatement, 47.4%), Central African Republic (Most Favoured Nation duty rate treatement, 22.4%), Guinea (Most Favoured Nation duty rate treatement, 22.4%), and Madagascar (Most Favoured Nation duty rate treatement, 22.4%).