2023
Exports
$191MWorld Rnk 2 / 114
Flag Rnk 156 / 1211
2023
PRODUCT COMPLEXITY IN Watch Movements
1.63Rnk 29 / 1025
2023
Imports
$39.1MWorld Rnk 4 / 175
Flag Rnk 551 / 1212
2023
ECONOMIC COMPLEXITY of Switzerland
1.96Rnk 3 / 132

About

Exports In 2023, Switzerland exported $191M in Watch Movements, making it the 2nd largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 156th most exported product in Switzerland. The main destination of Watch Movements exports from Switzerland are: Hong Kong ($28.8M), Germany ($27.5M), United States ($26M), France ($24.8M), and United Kingdom ($15.5M).

The fastest growing export markets for Watch Movements of Switzerland between 2022 and 2023 were France ($4.53M), Germany ($3.07M), and Canada ($1.78M).

Imports In 2023, Switzerland imported $39.1M in Watch Movements, becoming the 4th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 551st most imported product in Switzerland. Switzerland imports Watch Movements primarily from: China ($6.35M), United States ($5.68M), France ($5.6M), Netherlands ($3.93M), and Hong Kong ($3.81M).

The fastest growing import markets in Watch Movements for Switzerland between 2022 and 2023 were China ($1.5M), France ($1.48M), and United Arab Emirates ($1.08M).

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 Watch Movements. 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)$191M
IMPORTS (2023)$39.1M
NET TRADE (2023)$152M

In 2023, Switzerland exported $191M in Watch Movements. The main destinations of Switzerland exports on Watch Movements were Hong Kong ($28.8M), Germany ($27.5M), United States ($26M), France ($24.8M), and United Kingdom ($15.5M).

In 2023, Switzerland imported $39.1M in Watch Movements, mainly from China ($6.35M), United States ($5.68M), France ($5.6M), Netherlands ($3.93M), and Hong Kong ($3.81M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Switzerland WERE (2022 - 2023):
France$4.53M (22.3%)
Germany$3.07M (12.6%)
Canada$1.78M (92.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Switzerland WERE (2022 - 2023):
Hong Kong-$9.28M (-24.4%)
United States-$2.69M (-9.36%)
Japan-$2.1M (-14.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Switzerland's main exporting competitors in Watch Movements were:
Japan $343M
China $92.6M
In 2023, Switzerland's main importing competitors in Watch Movements were:

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $730k
TOP IMPORT POTENTIALItaly+ $315k

Watch Movements’s highest export potential is Italy. With an export gap of $730k.   Watch Movements’s highest import potential is Italy with an import gap of $315k.

See methodology.

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