HS Icon Precious Metal Watches in  Flag Switzerland

2021
Exports | Imports
: $8.97B | $1.38B, World Rnk 1 / 171
Flag Rnk 7 / 1210 | World Rnk 3 / 215
Flag Rnk 31 / 1213

2020 - 2021
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $488M | $50.8M, United States |  United Arab Emirates

2021
ECONOMIC COMPLEXITY of Switzerland
: 1.94, Rnk 2 / 131

2021
PRODUCT COMPLEXITY IN Precious Metal Watches
: 0.84, Rnk 228 / 1029

Exports In 2021, Switzerland exported $8.97B in Precious Metal Watches, making it the 1st largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 7th most exported product in Switzerland. The main destination of Precious Metal Watches exports from Switzerland are: United States ($1.18B), Hong Kong ($919M), China ($891M), Singapore ($662M), and Japan ($573M).

The fastest growing export markets for Precious Metal Watches of Switzerland between 2020 and 2021 were United States ($488M), China ($315M), and Macau ($273M).

Imports In 2021, Switzerland imported $1.38B in Precious Metal Watches, becoming the 3rd largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 31st most imported product in Switzerland. Switzerland imports Precious Metal Watches primarily from: France ($170M), Germany ($168M), United States ($150M), Hong Kong ($133M), and United Arab Emirates ($128M).

The fastest growing import markets in Precious Metal Watches for Switzerland between 2020 and 2021 were United Arab Emirates ($50.8M), China ($46M), and Germany ($42.4M).

Tariffs In 2019, the average tariff for Switzerland in Precious Metal Watches was 0.27%. The countries with the highest import tariffs for Precious Metal Watches were Western Sahara (Most Favoured Nation duty rate treatment, 1.03%), Mayotte (Most Favoured Nation duty rate treatment, 1.03%), Reunion (Most Favoured Nation duty rate treatment, 1.03%), Antarctica (Most Favoured Nation duty rate treatment, 1.03%), and French South Antarctic Territory (Most Favoured Nation duty rate treatment, 1.03%).

Subnational Monthly Trade

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Y-AXIS SCALE

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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

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EXPORTS (2021): $8.97B

IMPORTS (2021): $1.38B

NET TRADE (2021): $7.59B

In 2021, Switzerland exported $8.97B in Precious Metal Watches. The main destinations of Switzerland exports on Precious Metal Watches were United States ($1.18B), Hong Kong ($919M), China ($891M), Singapore ($662M), and Japan ($573M).

In 2021, Switzerland imported $1.38B in Precious Metal Watches, mainly from France ($170M), Germany ($168M), United States ($150M), Hong Kong ($133M), and United Arab Emirates ($128M).

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THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Switzerland WERE (2020 - 2021):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Switzerland WERE (2020 - 2021):

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Market Concentration

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In 2021, Switzerland's main exporting competitors in Precious Metal Watches were:

In 2021, Switzerland's main importing competitors in Precious Metal Watches were:

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