2023
Exports
$412MWorld Rnk 7 / 180
Flag Rnk 62 / 1209
2023
PRODUCT COMPLEXITY IN Precious Metal Watches
0.62Rnk 321 / 1025
2023
Imports
$1.1BWorld Rnk 6 / 210
Flag Rnk 40 / 1210
2023
ECONOMIC COMPLEXITY of United Arab Emirates
0.15Rnk 54 / 132

About

Exports In 2023, United Arab Emirates exported $412M in Precious Metal Watches, making it the 7th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 62nd most exported product in United Arab Emirates. The main destination of Precious Metal Watches exports from United Arab Emirates are: Hong Kong ($102M), Switzerland ($95.6M), Oman ($59.1M), Kazakhstan ($29M), and Qatar ($27.7M).

The fastest growing export markets for Precious Metal Watches of United Arab Emirates between 2022 and 2023 were Oman ($13.1M), Kuwait ($6.04M), and Germany ($5.86M).

Imports In 2023, United Arab Emirates imported $1.1B in Precious Metal Watches, becoming the 6th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 40th most imported product in United Arab Emirates. United Arab Emirates imports Precious Metal Watches primarily from: Switzerland ($898M), Saudi Arabia ($56.1M), Germany ($34.6M), France ($32.3M), and Italy ($13.9M).

The fastest growing import markets in Precious Metal Watches for United Arab Emirates between 2022 and 2023 were Switzerland ($229M), Saudi Arabia ($52.7M), and France ($12.9M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

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

The following visualization shows the latest trends on Precious Metal Watches. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$412M
IMPORTS (2023)$1.1B
NET TRADE (2023)-$686M

In 2023, United Arab Emirates exported $412M in Precious Metal Watches. The main destinations of United Arab Emirates exports on Precious Metal Watches were Hong Kong ($102M), Switzerland ($95.6M), Oman ($59.1M), Kazakhstan ($29M), and Qatar ($27.7M).

In 2023, United Arab Emirates imported $1.1B in Precious Metal Watches, mainly from Switzerland ($898M), Saudi Arabia ($56.1M), Germany ($34.6M), France ($32.3M), and Italy ($13.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR United Arab Emirates WERE (2022 - 2023):
Oman$13.1M (28.4%)
Kuwait$6.04M (305%)
Germany$5.86M (3.13k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY United Arab Emirates WERE (2022 - 2023):
Hong Kong-$96.9M (-48.8%)
United States-$82.9M (-99%)
China-$56.9M (-89.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, United Arab Emirates's main exporting competitors in Precious Metal Watches were:
In 2023, United Arab Emirates's main importing competitors in Precious Metal Watches were:

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALChina+ $9.8M
TOP IMPORT POTENTIALFrance+ $4.51M

Precious Metal Watches’s highest export potential is China. With an export gap of $9.8M.   Precious Metal Watches’s highest import potential is France with an import gap of $4.51M.

See methodology.

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