Watch Movements in United Kingdom 2020 Exports | Imports : $22.7M | $12.4M, World Rnk 6 / 91 Rnk 720 / 1216 | World Rnk 10 / 172 Rnk 957 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $8.92M | $347k, Hong Kong | Hong Kong
2020 ECONOMIC COMPLEXITY of United Kingdom: 1.42, Rnk 13 / 127
2020 PRODUCT COMPLEXITY IN Watch Movements: 1.76, Rnk 17 / 1029
Exports In 2020, United Kingdom exported $22.7M in Watch Movements, making it the 6th largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 720th most exported product in United Kingdom. The main destination of Watch Movements exports from United Kingdom are: Hong Kong ($13.6M), Netherlands ($2.42M), Switzerland ($2.22M), Macau ($2.08M), and United States ($985k).
The fastest growing export markets for Watch Movements of United Kingdom between 2019 and 2020 were Hong Kong ($8.92M), Macau ($2.01M), and United States ($762k).
Imports In 2020, United Kingdom imported $12.4M in Watch Movements, becoming the 10th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 957th most imported product in United Kingdom. United Kingdom imports Watch Movements primarily from: Switzerland ($7.88M), Netherlands ($2.39M), Hong Kong ($612k), United States ($329k), and Japan ($287k).
The fastest growing import markets in Watch Movements for United Kingdom between 2019 and 2020 were Hong Kong ($347k), Chinese Taipei ($132k), and United States ($78.6k).
October 2022
Overview In October 2022 United Kingdom's Watch Movements exports accounted up to £3.81M and imports accounted up to £1.16M, resulting in a positive trade balance of £2.65M. Between October 2021 and October 2022 the exports of United Kingdom's Watch Movements have decreased by £-954k (-20%) from £4.77M to £3.81M, while imports decreased by £-50.5k (-4.17%) from £1.21M to £1.16M.
Destinations In October 2022, Watch Movements were exported mostly to Hong Kong (£1.78M), Macau (£922k), Switzerland (£432k), Netherlands (£310k), and United States (£235k), and were imported mostly from Switzerland (£821k), Italy (£107k), Netherlands (£99.1k), Hong Kong (£68.8k), and Israel (£36.9k).
Growth In October 2022, the decrease in Watch Movements's year-by-year exports was explained primarily by a decrease in exports to Switzerland (£-1.24M or -98.4%), Netherlands (£-31.3k or -11.6%), and United States (£-2.42k or -12.1%). In October 2022, the decrease in Watch Movements's year-by-year imports was explained primarily by a decrease in imports from Hong Kong (£-647k or -93.7%), Netherlands (£-165k or -71.9%), and Switzerland (£-151k or -36.8%).
EXPORT GROWTH (October 2021 - October 2022): £-954k, (-20%)
IMPORT GROWTH (October 2021 - October 2022): £-50.5k, (-4.17%)
MAIN EXPORTER (October 2022): East Midlands Airport, £2.42M
MAIN DESTINATION (October 2022): Hong Kong, £1.78M
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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EXPORTS (2020): $22.7M
IMPORTS (2020): $12.4M
NET TRADE (2020): $10.3M
In 2020, United Kingdom exported $22.7M in Watch Movements. The main destinations of United Kingdom exports on Watch Movements were Hong Kong ($13.6M), Netherlands ($2.42M), Switzerland ($2.22M), Macau ($2.08M), and United States ($985k).
In 2020, United Kingdom imported $12.4M in Watch Movements, mainly from Switzerland ($7.88M), Netherlands ($2.39M), Hong Kong ($612k), United States ($329k), and Japan ($287k).
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR United Kingdom WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY United Kingdom WERE (2019 - 2020):
In 2020, United Kingdom's main exporting competitors in Watch Movements were:
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