2022
Exports
$689MWorld Rnk 5 / 178
Flag Rnk 25 / 1177
2022
PRODUCT COMPLEXITY IN Precious Metal Watches
0.4Rnk 410 / 1025
2022
Imports
$2.35BWorld Rnk 1 / 208
Flag Rnk 28 / 1207
2022
ECONOMIC COMPLEXITY of Hong Kong
1.18Rnk 21 / 133

About

Exports In 2022, Hong Kong exported $689M in Precious Metal Watches, making it the 5th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 25th most exported product in Hong Kong. The main destination of Precious Metal Watches exports from Hong Kong are: Macau ($325M), Switzerland ($208M), United Arab Emirates ($47.6M), France ($20.2M), and United Kingdom ($18.1M).

The fastest growing export markets for Precious Metal Watches of Hong Kong between 2021 and 2022 were Macau ($166M), Switzerland ($75.4M), and United Arab Emirates ($46.5M).

Imports In 2022, Hong Kong imported $2.35B in Precious Metal Watches, becoming the 1st largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 28th most imported product in Hong Kong. Hong Kong imports Precious Metal Watches primarily from: Switzerland ($814M), Singapore ($216M), United Arab Emirates ($168M), United States ($148M), and Macau ($144M).

The fastest growing import markets in Precious Metal Watches for Hong Kong between 2021 and 2022 were United Arab Emirates ($123M), United States ($15.8M), and Spain ($11.2M).

COMPANIES In 2023, leading companies such as Volvo (1) were at the forefront of shipping Precious Metal Watches from Hong Kong to the United States.

Latest Trends

Jul 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)$689M
IMPORTS (2022)$2.35B
NET TRADE (2022)-$1.66B

In 2022, Hong Kong exported $689M in Precious Metal Watches. The main destinations of Hong Kong exports on Precious Metal Watches were Macau ($325M), Switzerland ($208M), United Arab Emirates ($47.6M), France ($20.2M), and United Kingdom ($18.1M).

In 2022, Hong Kong imported $2.35B in Precious Metal Watches, mainly from Switzerland ($814M), Singapore ($216M), United Arab Emirates ($168M), United States ($148M), and Macau ($144M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Hong Kong WERE (2021 - 2022):
Macau$166M (105%)
Switzerland$75.4M (56.8%)
United Arab Emirates$46.5M (4.41k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Hong Kong WERE (2021 - 2022):
China-$36.8M (-71.6%)
Singapore-$33.4M (-79%)
United States-$6.8M (-62.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Hong Kong's main exporting competitors in Precious Metal Watches were:
In 2022, Hong Kong'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 POTENTIALChina+ $16.5M
TOP IMPORT POTENTIALChina+ $17.4M

Precious Metal Watches’s highest export potential is China. With an export gap of $16.5M.   Precious Metal Watches’s highest import potential is China with an import gap of $17.4M.

See methodology.

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