Clocks and watches and parts thereof91 (Harmonized System 1992 for 2-digit)
2020 World Trade: $37.9B, Rnk 60 / 96
2020 Top Exporter | Top Importer: $18.4B | $5.94B, Hong Kong | Switzerland
2020 Product Complexity: 0.35, Rnk 37 / 96
2019 - 2020 Export Growth (CAGR): -19.8%, Rnk 87 / 96
2018 Mean Tariff: 9.87%, Rnk 46 / 96
2020 Share of World Trade: 0.23%, Rnk 60 / 96
Overview This page contains the latest trade data of Clocks and watches and parts thereof. In 2020, Clocks and watches and parts thereof were the world's 60th most traded product, with a total trade of $37.9B. Between 2019 and 2020 the exports of Clocks and watches and parts thereof decreased by -19.8%, from $47.2B to $37.9B. Trade in Clocks and watches and parts thereof represent 0.23% of total world trade.
Clocks and watches and parts thereof are a part of Instruments. They include Clocks and watches.
Exports In 2020 the top exporters of Clocks and watches and parts thereof were Switzerland ($18.4B), China ($4.88B), France ($1.84B), Germany ($1.55B), and Hong Kong ($1.25B).
Imports In 2020 the top importers of Clocks and watches and parts thereof were Hong Kong ($5.94B), United States ($3.43B), China ($3.25B), Switzerland ($2.72B), and Japan ($2.17B).
Tariffs In 2018 the average tariff for Clocks and watches and parts thereof was 9.87%, making it the 46th lowest tariff using the HS2 product classification.
The countries with the highest import tariffs for Clocks and watches and parts thereof are Sudan (30.2%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).
Ranking Clocks and watches and parts thereof ranks 37th in the Product Complexity Index (PCI).
The following visualization shows the latest trends on Clocks and watches and parts thereof. 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, $18.4B
Top Destination (2020): Hong Kong, $5.94B
Clocks and watches and parts thereof are the world's 60th most traded product.
In 2020, the top exporters of Clocks and watches and parts thereof were Switzerland ($18.4B), China ($4.88B), France ($1.84B), Germany ($1.55B), and Hong Kong ($1.25B).
In 2020, the top importers of Clocks and watches and parts thereof were Hong Kong ($5.94B), United States ($3.43B), China ($3.25B), Switzerland ($2.72B), and Japan ($2.17B).
Trade by country
Between 2019 and 2020, the exports of Clocks and watches and parts thereof grew the fastest in Ireland ($125M), Saudi Arabia ($85.2M), Vietnam ($38.9M), Oman ($32.7M), and Netherlands ($21.8M).
Between 2019 and 2020, the fastest growing importers of Clocks and watches and parts thereof were China ($557M), Ireland ($132M), Oman ($72.5M), Lithuania ($7.87M), and Poland ($7.24M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Clocks and watches and parts thereof.
In 2020, market concentration measured using Shannon Entropy, was 3.21. This means that most of the exports of Clocks and watches and parts thereof are explained by 9 countries.
TOP NET EXPORTER (2020): Switzerland, $15.7B
TOP NET IMPORTER (2020): Hong Kong, $4.69B
This map shows which countries export or import more of Clocks and watches and parts thereof. Each country is colored based on the difference in exports and imports of Clocks and watches and parts thereof during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Clocks and watches and parts thereof were Switzerland ($15.7B), China ($1.63B), Thailand ($330M), France ($282M), and Armenia ($30M).
In 2020, the countries that had a largest trade value in imports than in exports of Clocks and watches and parts thereof were Hong Kong ($4.69B), United States ($2.46B), Japan ($1.25B), United Kingdom ($1.03B), and United Arab Emirates ($733M).
In 2019, the world most traded Clocks and watches and parts thereof, disaggragated by their HS6 level were Wrist-watch, base-metal case, automatic wound ($11.2B), Wrist-watch, precious metal, automatic wound ($6.24B), Wrist-watch, base-metal case, battery, with hands ($5.49B), Wrist-watch, precious metal, hand wound ($2B), and Wrist-watch, precious metal, battery, with hands ($1.93B)
This visualization shows the countries that have an important ratio of their trade related to Clocks and watches and parts thereof. It is possible to select the main countries that export or import Clocks and watches and parts thereof in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Clocks and watches and parts thereof was 9.87%. The countries with the highest tariffs for importing Clocks and watches and parts thereof were Sudan (30.2%), Cameroon (29.4%), and Gabon (29.4%).
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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