2023
Exports
$61.1MWorld Rnk 4 / 114
Flag Rnk 164 / 1181
2023
PRODUCT COMPLEXITY IN Watch Movements
1.63Rnk 29 / 1025
2023
Imports
$289MWorld Rnk 1 / 175
Flag Rnk 142 / 1207
2023
ECONOMIC COMPLEXITY of Hong Kong
1.12Rnk 23 / 132

About

Exports In 2023, Hong Kong exported $61.1M in Watch Movements, making it the 4th largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 164th most exported product in Hong Kong. The main destination of Watch Movements exports from Hong Kong are: Japan ($32.9M), United States ($6.77M), Switzerland ($3.81M), Brazil ($2.88M), and France ($1.81M).

The fastest growing export markets for Watch Movements of Hong Kong between 2022 and 2023 were Japan ($32.8M), United States ($1.92M), and Mexico ($1.66M).

Imports In 2023, Hong Kong imported $289M in Watch Movements, becoming the 1st largest importer of Watch Movements in the world. At the same year, Watch Movements was the 142nd most imported product in Hong Kong. Hong Kong imports Watch Movements primarily from: Japan ($173M), China ($51.2M), Switzerland ($28.8M), Thailand ($16.6M), and United Kingdom ($8.81M).

The fastest growing import markets in Watch Movements for Hong Kong between 2022 and 2023 were Thailand ($1.72M), India ($204k), and Lithuania ($190k).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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)$61.1M
IMPORTS (2023)$289M
NET TRADE (2023)-$228M

In 2023, Hong Kong exported $61.1M in Watch Movements. The main destinations of Hong Kong exports on Watch Movements were Japan ($32.9M), United States ($6.77M), Switzerland ($3.81M), Brazil ($2.88M), and France ($1.81M).

In 2023, Hong Kong imported $289M in Watch Movements, mainly from Japan ($173M), China ($51.2M), Switzerland ($28.8M), Thailand ($16.6M), and United Kingdom ($8.81M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Hong Kong WERE (2022 - 2023):
Japan$32.8M (20.7k%)
United States$1.92M (39.7%)
Mexico$1.66M (1.45k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Hong Kong WERE (2022 - 2023):
India-$11.6M (-97.3%)
Philippines-$6.72M (-89%)
Netherlands-$3.3M (-84.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Hong Kong's main exporting competitors in Watch Movements were:
In 2023, Hong Kong's main importing competitors in Watch Movements were:
China $161M
Japan $65.2M

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.05M
TOP IMPORT POTENTIALMalaysia+ $832k

Watch Movements’s highest export potential is China. With an export gap of $1.05M.   Watch Movements’s highest import potential is Malaysia with an import gap of $832k.

See methodology.

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