HS Icon Watch Movements in  Flag Switzerland

2020
Exports | Imports
: $168M | $43.4M, World Rnk 2 / 91
Flag Rnk 159 / 1208 | World Rnk 4 / 172
Flag Rnk 498 / 1214

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $3.4M | $178k, Germany |  Canada


ECONOMIC COMPLEXITY of Switzerland
: 1.99, Rnk 2 / 127


PRODUCT COMPLEXITY  IN Watch Movements
: 1.75, Rnk 22 / 1028

Exports In 2020, Switzerland exported $168M in Watch Movements, making it the 2nd largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 159th most exported product in Switzerland. The main destination of Watch Movements exports from Switzerland are: Hong Kong ($47.2M), Germany ($21.9M), China ($18.6M), United States ($15.7M), and Japan ($15.7M).

The fastest growing export markets for Watch Movements of Switzerland between 2019 and 2020 were Germany ($3.4M), China ($2.92M), and Japan ($844k).

Imports In 2020, Switzerland imported $43.4M in Watch Movements, becoming the 4th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 498th most imported product in Switzerland. Switzerland imports Watch Movements primarily from: Hong Kong ($7.11M), United States ($6.77M), Netherlands ($6.56M), China ($6.56M), and Japan ($5.22M).

The fastest growing import markets in Watch Movements for Switzerland between 2019 and 2020 were Canada ($178k), Philippines ($113k), and United Arab Emirates ($109k).

Tariffs In 2019, the average tariff for Switzerland in Watch Movements was 7.95%. The countries with the highest import tariffs for Watch Movements were Western Sahara (Most Favoured Nation duty rate treatement, 30.9%), Mayotte (Most Favoured Nation duty rate treatement, 30.9%), Reunion (Most Favoured Nation duty rate treatement, 30.9%), Antarctica (Most Favoured Nation duty rate treatement, 30.9%), and French South Antarctic Territory (Most Favoured Nation duty rate treatement, 30.9%).

Subnational Monthly Trade

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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

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EXPORTS (2020): $168M

IMPORTS (2020): $43.4M

NET TRADE (2020): $125M

In 2020, Switzerland exported $168M in Watch Movements. The main destinations of Switzerland exports on Watch Movements were Hong Kong ($47.2M), Germany ($21.9M), China ($18.6M), United States ($15.7M), and Japan ($15.7M).

In 2020, Switzerland imported $43.4M in Watch Movements, mainly from Hong Kong ($7.11M), United States ($6.77M), Netherlands ($6.56M), China ($6.56M), and Japan ($5.22M).

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IN 2020, Switzerland HAD A POSITIVE NET TRADE IN Watch Movements WITH:

IN 2020, Switzerland HAD A NEGATIVE NET TRADE IN Watch Movements WITH:

Flow

THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Switzerland WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Switzerland WERE (2019 - 2020):

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Market Concentration

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In 2019, Switzerland's main exporting competitors in Watch Movements were:

In 2019, Switzerland's main importing competitors in Watch Movements were:

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Tariffs by Country

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In 2019, the average tariff for Switzerland in Watch Movements was 7.95%.

The countries with the highest tariffs for Watch Movements in Switzerland were Western Sahara (Most Favoured Nation duty rate treatement, 30.9%), Mayotte (Most Favoured Nation duty rate treatement, 30.9%), Reunion (Most Favoured Nation duty rate treatement, 30.9%), Antarctica (Most Favoured Nation duty rate treatement, 30.9%), and French South Antarctic Territory (Most Favoured Nation duty rate treatement, 30.9%).