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Pricing

2022
Exports $47.8MWorld Rnk 6 / 111
Flag Rnk 560 / 1216
2022
Destination $4.95M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $4.95MMacau
2022
PRODUCT COMPLEXITY IN Watch Movements1.76Rnk 17 / 1025
2022
Imports $21.7MWorld Rnk 11 / 168
Flag Rnk 901 / 1214
2022
Origin $3.31M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $3.31MSwitzerland
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $47.8M in Watch Movements, making it the 6th largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 560th most exported product in United Kingdom. The main destination of Watch Movements exports from United Kingdom are: Hong Kong ($26.5M), Macau ($10.8M), Netherlands ($4.05M), Switzerland ($2.56M), and United States ($1.65M).

The fastest growing export markets for Watch Movements of United Kingdom between 2021 and 2022 were Macau ($4.95M), Switzerland ($472k), and Germany ($203k).

Imports In 2022, United Kingdom imported $21.7M in Watch Movements, becoming the 11th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 901st most imported product in United Kingdom. United Kingdom imports Watch Movements primarily from: Switzerland ($14M), Italy ($3.3M), Netherlands ($1.03M), United States ($822k), and China ($763k).

The fastest growing import markets in Watch Movements for United Kingdom between 2021 and 2022 were Switzerland ($3.31M), China ($429k), and Japan ($222k).

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

September 2024

About

Overview In September 2024 United Kingdom's Watch Movements exports accounted up to £1.62M and imports accounted up to £668k, resulting in a positive trade balance of £949k. Between September 2023 and September 2024 the exports of United Kingdom's   Watch Movements have decreased by £-1.98M (-55.1%) from £3.6M to £1.62M, while imports decreased by £-271k (-28.8%) from £938k to £668k.

Destinations In September 2024, Watch Movements were exported mostly to Hong Kong (£1.01M), Switzerland (£319k), Macau (£90.7k), United States (£80.7k), and United Arab Emirates (£41.6k), and were imported mostly from Switzerland (£370k), Netherlands (£123k), Hong Kong (£90.6k), Singapore (£52.3k), and United States (£14.3k).

Growth In September 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 September 2024, the decrease in Watch Movements's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)£-1.98M(-55.1%)
IMPORT GROWTH (September 2023 - September 2024)£-271k(-28.8%)
MAIN EXPORTER (September 2024)London Heathrow Airport£2M
MAIN DESTINATION (September 2024)Hong Kong£1.01M

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 (2022)$47.8M
IMPORTS (2022)$21.7M
NET TRADE (2022)$26M

In 2022, United Kingdom exported $47.8M in Watch Movements. The main destinations of United Kingdom exports on Watch Movements were Hong Kong ($26.5M), Macau ($10.8M), Netherlands ($4.05M), Switzerland ($2.56M), and United States ($1.65M).

In 2022, United Kingdom imported $21.7M in Watch Movements, mainly from Switzerland ($14M), Italy ($3.3M), Netherlands ($1.03M), United States ($822k), and China ($763k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Macau$4.95M (85.2%)
Switzerland$472k (22.6%)
Germany$203k (145%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY United Kingdom WERE (2021 - 2022):
Hong Kong-$6.06M (-18.6%)
Netherlands-$332k (-7.57%)
United Arab Emirates-$294k (-52.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Watch Movements were:
Japan $354M
Switzerland $177M
China $102M
In 2022, United Kingdom's main importing competitors in Watch Movements were:
Hong Kong $427M
China $72.7M
Singapore $50.4M

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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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