Base Metal Watches9102 (Harmonized System 1992 for 4-digit)
2020 World Trade: $20B, Rnk 179 / 1217
2020 Top Exporter | Top Importer: $11.5B | $2.77B, Hong Kong | Switzerland
2020 Product Complexity: 0.078, Rnk 527 / 1028
2019 - 2020 Export Growth (CAGR): -17.7%, Rnk 968 / 1217
2018 Mean Tariff: 10%, Rnk 421 / 1259
2020 Share of World Trade: 0.12%, Rnk 179 / 1217
Overview This page contains the latest trade data of Base Metal Watches. In 2020, Base Metal Watches were the world's 179th most traded product, with a total trade of $20B. Between 2019 and 2020 the exports of Base Metal Watches decreased by -17.7%, from $24.3B to $20B. Trade in Base Metal Watches represent 0.12% of total world trade.
Base Metal Watches are a part of Clocks and watches. They include Wrist-watch, base-metal case, battery, with hands, Wrist-watch, base-metal case, automatic wound, Wrist-watch, base-metal case, battery, other, Wrist-watch, base-metal case, battery, opto/electric, Wrist-watch, base-metal case, hand wound, Pocket-watch, base-metal case, non-battery, and Pocket-watch, base-metal case, battery.
Exports In 2020 the top exporters of Base Metal Watches were Switzerland ($11.5B), China ($2.13B), Germany ($975M), France ($620M), and Hong Kong ($585M).
Imports In 2020 the top importers of Base Metal Watches were Hong Kong ($2.77B), China ($2.19B), United States ($1.94B), Germany ($1.3B), and Japan ($1.16B).
Tariffs In 2018 the average tariff for Base Metal Watches was 10%, making it the 421st lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Base Metal Watches are Barbados (44.6%), Belize (43.9%), Guyana (43.5%), and Sudan (35%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).
Ranking Base Metal Watches ranks 527th in the Product Complexity Index (PCI).
Description Wrist-watches, pocket-watches and other watches are used to tell time. They can be made from a variety of materials, including metal, plastic, or glass.
The following visualization shows the latest trends on Base Metal Watches. Countries are shown based on data availability.
For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): Switzerland, $11.5B
Top Destination (2020): Hong Kong, $2.77B
Base Metal Watches are the world's 179th most traded product.
In 2020, the top exporters of Base Metal Watches were Switzerland ($11.5B), China ($2.13B), Germany ($975M), France ($620M), and Hong Kong ($585M).
In 2020, the top importers of Base Metal Watches were Hong Kong ($2.77B), China ($2.19B), United States ($1.94B), Germany ($1.3B), and Japan ($1.16B).
Trade by country
Between 2019 and 2020, the exports of Base Metal Watches grew the fastest in Ireland ($94.6M), Vietnam ($61.1M), Netherlands ($23.1M), Poland ($23M), and United Arab Emirates ($21.1M).
Between 2019 and 2020, the fastest growing importers of Base Metal Watches were China ($518M), Ireland ($93.5M), British Virgin Islands ($8.26M), Poland ($6.95M), and Slovakia ($5.31M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Base Metal Watches.
In 2020, market concentration measured using Shannon Entropy, was 2.81. This means that most of the exports of Base Metal Watches are explained by 6 countries.
TOP NET EXPORTER (2020): Switzerland, $11B
TOP NET IMPORTER (2020): Hong Kong, $2.19B
This map shows which countries export or import more of Base Metal Watches. Each country is colored based on the difference in exports and imports of Base Metal Watches during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Base Metal Watches were Switzerland ($11B), Thailand ($348M), Philippines ($57.5M), Vietnam ($17.3M), and Eswatini ($844k).
In 2020, the countries that had a largest trade value in imports than in exports of Base Metal Watches were Hong Kong ($2.19B), United States ($1.52B), United Kingdom ($828M), Japan ($825M), and South Korea ($481M).
In 2019, the world most traded Base Metal Watches, disaggragated by their HS6 level were Wrist-watch, base-metal case, automatic wound ($11.2B), Wrist-watch, base-metal case, battery, with hands ($5.49B), Wrist-watch, base-metal case, hand wound ($1.04B), Wrist-watch, base-metal case, battery, opto/electric ($991M), and Wrist-watch, base-metal case, battery, other ($763M)
This visualization shows the countries that have an important ratio of their trade related to Base Metal Watches. It is possible to select the main countries that export or import Base Metal Watches in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Base Metal Watches was 10%. The countries with the highest tariffs for importing Base Metal Watches were Barbados (44.6%), Belize (43.9%), Guyana (43.5%), and Sudan (35%).
The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.
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