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2023
Exports $27.1MWorld Rnk 5 / 114
Flag Rnk 656 / 1216
2023
Destination $509k Macau
2022 - 2023
FASTEST GROWING MARKET $509kSwitzerland
2023
PRODUCT COMPLEXITY IN Watch Movements1.63Rnk 29 / 1025
2023
Imports $19.3MWorld Rnk 9 / 175
Flag Rnk 910 / 1214
2023
Origin $493k Switzerland
2022 - 2023
FASTEST GROWING ORIGIN $493kSwitzerland
2023
ECONOMIC COMPLEXITY of United Kingdom1.5Rnk 11 / 132

About

Exports In 2023, United Kingdom exported $27.1M in Watch Movements, making it the 5th largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 656th most exported product in United Kingdom. The main destination of Watch Movements exports from United Kingdom are: Macau ($9.77M), Hong Kong ($8.81M), Switzerland ($3.38M), Netherlands ($1.68M), and United States ($799k).

The fastest growing export markets for Watch Movements of United Kingdom between 2022 and 2023 were Switzerland ($509k), United Arab Emirates ($476k), and Macau ($389k).

Imports In 2023, United Kingdom imported $19.3M in Watch Movements, becoming the 9th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 910th most imported product in United Kingdom. United Kingdom imports Watch Movements primarily from: Switzerland ($15.5M), China ($890k), Italy ($796k), Japan ($592k), and United States ($417k).

The fastest growing import markets in Watch Movements for United Kingdom between 2022 and 2023 were Switzerland ($493k), United States ($260k), and France ($191k).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (6) and Amazon (1) were at the forefront of shipping Watch Movements from United Kingdom to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United Kingdom's Watch Movements exports accounted up to £2.22M and imports accounted up to £1.48M, resulting in a positive trade balance of £745k. Between November 2023 and November 2024 the exports of United Kingdom's   Watch Movements have decreased by £-3.09M (-58.1%) from £5.32M to £2.22M, while imports increased by £265k (21.8%) from £1.21M to £1.48M.

Destinations In November 2024, Watch Movements were exported mostly to Hong Kong (£1.75M), Switzerland (£184k), United States (£96.3k), Macau (£62.6k), and Canada (£30k), and were imported mostly from Switzerland (£1.06M), Hong Kong (£209k), Netherlands (£148k), Singapore (£37.6k), and Germany (£10k).

Growth In November 2024, the decrease in Watch Movements's year-by-year exports was explained primarily by a decrease in exports to Hong Kong (£-256k or -10.6%), Switzerland (£-60.4k or -38.8%), and Germany (£-4.64k or -21.3%). In November 2024, the increase in Watch Movements's year-by-year imports was explained primarily by an increase in imports from Switzerland (£124k or 22%), Hong Kong (£105k or 95.4%), and United States (£68.2k or 407%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)£-3.09M(-58.1%)
IMPORT GROWTH (November 2023 - November 2024)£265k(21.8%)
MAIN EXPORTER (November 2024)London Heathrow Airport£2M
MAIN DESTINATION (November 2024)Hong Kong£1.75M

This section shows Watch Movements's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Watch Movements over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$27.1M
IMPORTS (2023)$19.3M
NET TRADE (2023)$7.83M

In 2023, United Kingdom exported $27.1M in Watch Movements. The main destinations of United Kingdom exports on Watch Movements were Macau ($9.77M), Hong Kong ($8.81M), Switzerland ($3.38M), Netherlands ($1.68M), and United States ($799k).

In 2023, United Kingdom imported $19.3M in Watch Movements, mainly from Switzerland ($15.5M), China ($890k), Italy ($796k), Japan ($592k), and United States ($417k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR United Kingdom WERE (2022 - 2023):
Switzerland$509k (17.7%)
United Arab Emirates$476k (866%)
Macau$389k (4.14%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY United Kingdom WERE (2022 - 2023):
Netherlands-$2.25M (-57.3%)
Hong Kong-$1.91M (-17.8%)
Qatar-$145k (-84%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United Kingdom's main exporting competitors in Watch Movements were:
Japan $343M
Switzerland $191M
China $92.6M
In 2023, United Kingdom's main importing competitors in Watch Movements were:
Hong Kong $289M
China $161M
Japan $65.2M

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $319k
TOP IMPORT POTENTIALChina+ $517k

Watch Movements’s highest export potential is Germany. With an export gap of $319k.   Watch Movements’s highest import potential is China with an import gap of $517k.

See methodology.

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