2023
Exports
$7.6MWorld Rnk 12 / 114
Flag Rnk 566 / 1202
2023
PRODUCT COMPLEXITY IN Watch Movements
1.63Rnk 29 / 1025
2023
Imports
$10.2MWorld Rnk 13 / 175
Flag Rnk 752 / 1208
2023
ECONOMIC COMPLEXITY of Singapore
1.62Rnk 6 / 132

About

Exports In 2023, Singapore exported $7.6M in Watch Movements, making it the 12th largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 566th most exported product in Singapore. The main destination of Watch Movements exports from Singapore are: China ($3.01M), United Arab Emirates ($1.28M), Vietnam ($1.08M), Malaysia ($846k), and Switzerland ($604k).

The fastest growing export markets for Watch Movements of Singapore between 2022 and 2023 were United Arab Emirates ($1.28M), Vietnam ($1.08M), and United States ($142k).

Imports In 2023, Singapore imported $10.2M in Watch Movements, becoming the 13th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 752nd most imported product in Singapore. Singapore imports Watch Movements primarily from: Malaysia ($6.21M), Switzerland ($2.75M), China ($337k), France ($225k), and Japan ($156k).

The fastest growing import markets in Watch Movements for Singapore between 2022 and 2023 were Switzerland ($793k), Vietnam ($77.7k), and United States ($67.5k).

Latest Trends

Jan 2025

Subnational Monthly Trade

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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)$7.6M
IMPORTS (2023)$10.2M
NET TRADE (2023)-$2.58M

In 2023, Singapore exported $7.6M in Watch Movements. The main destinations of Singapore exports on Watch Movements were China ($3.01M), United Arab Emirates ($1.28M), Vietnam ($1.08M), Malaysia ($846k), and Switzerland ($604k).

In 2023, Singapore imported $10.2M in Watch Movements, mainly from Malaysia ($6.21M), Switzerland ($2.75M), China ($337k), France ($225k), and Japan ($156k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Singapore WERE (2022 - 2023):
United Arab Emirates$1.28M (23.6k%)
Vietnam$1.08M (1%)
United States$142k (1.17k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Singapore WERE (2022 - 2023):
China-$4.9M (-61.9%)
Malaysia-$2.49M (-74.7%)
Hong Kong-$730k (-69.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Singapore's main exporting competitors in Watch Movements were:
In 2023, Singapore's main importing competitors in Watch Movements were:

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALHong Kong+ $232k
TOP IMPORT POTENTIALChina+ $468k

Watch Movements’s highest export potential is Hong Kong. With an export gap of $232k.   Watch Movements’s highest import potential is China with an import gap of $468k.

See methodology.

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