2022
Exports
$70.5MWorld Rnk 18 / 178
Flag Rnk 202 / 1208
2022
PRODUCT COMPLEXITY IN Precious Metal Watches
0.4Rnk 410 / 1025
2022
Imports
$231MWorld Rnk 16 / 208
Flag Rnk 209 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $70.5M in Precious Metal Watches, making it the 18th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 202nd most exported product in Australia. The main destination of Precious Metal Watches exports from Australia are: Hong Kong ($30.5M), Singapore ($21M), Switzerland ($8.2M), New Zealand ($3.56M), and Macau ($1.55M).

The fastest growing export markets for Precious Metal Watches of Australia between 2021 and 2022 were Switzerland ($5.5M), Singapore ($2.88M), and Macau ($700k).

Imports In 2022, Australia imported $231M in Precious Metal Watches, becoming the 16th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 209th most imported product in Australia. Australia imports Precious Metal Watches primarily from: Switzerland ($174M), Singapore ($34.6M), United States ($6.77M), China ($2.79M), and Hong Kong ($2.44M).

The fastest growing import markets in Precious Metal Watches for Australia between 2021 and 2022 were Switzerland ($28.8M), Singapore ($5.51M), and China ($2.15M).

COMPANIES In 2023, leading companies such as Electrolux (5) were at the forefront of shipping Precious Metal Watches from Australia to the United States.

Latest Trends

Oct 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 (2022)$70.5M
IMPORTS (2022)$231M
NET TRADE (2022)-$161M

In 2022, Australia exported $70.5M in Precious Metal Watches. The main destinations of Australia exports on Precious Metal Watches were Hong Kong ($30.5M), Singapore ($21M), Switzerland ($8.2M), New Zealand ($3.56M), and Macau ($1.55M).

In 2022, Australia imported $231M in Precious Metal Watches, mainly from Switzerland ($174M), Singapore ($34.6M), United States ($6.77M), China ($2.79M), and Hong Kong ($2.44M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Switzerland$5.5M (203%)
Singapore$2.88M (15.9%)
Macau$700k (82.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Australia WERE (2021 - 2022):
Hong Kong-$8.25M (-21.3%)
New Zealand-$5.76M (-61.8%)
Saudi Arabia-$1.2M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Precious Metal Watches were:
In 2022, Australia'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
View
TOP EXPORT POTENTIALUnited States+ $1.37M
TOP IMPORT POTENTIALUnited States+ $2.3M

Precious Metal Watches’s highest export potential is United States. With an export gap of $1.37M.   Precious Metal Watches’s highest import potential is United States with an import gap of $2.3M.

See methodology.

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