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Clocks and watches and parts thereof

91 (Harmonized System 1992 for 2-digit)

2023
World Trade $57.6BRnk 56 / 96
2023
Top Exporter | Top Importer $33.4B | $7.1BSwitzerland | United States
2023
Product Complexity 1.33Rnk 10 / 96
2022 - 2023
Export Growth (CAGR) 5.1%Rnk 14 / 96
2023
Share of World Trade 0.25%Rnk 56 / 96

About

Overview This page contains the latest trade data of Clocks, watches, & parts. In 2023, Clocks, watches, & parts were the world's 56th most traded product, with a total trade of $57.6B. Between 2022 and 2023 the exports of Clocks, watches, & parts grew by 5.1%, from $54.8B to $57.6B. Trade in Clocks, watches, & parts represent 0.25% of total world trade.

Clocks, watches, & parts are a part of Instruments. They include Base Metal Watches, Precious Metal Watches, Other Clocks and Watches, Watch Straps, Watch Movements, Other Clocks, Watch Cases and Parts, Time Switches, Incomplete Movement Sets, and Time Recording Instruments, among others.

Exports In 2023 the top exporters of Clocks, watches, & parts  were Switzerland ($33.4B), China ($6.8B), France ($2.2B), Hong Kong ($1.68B), and Japan ($1.68B).

Imports In 2023 the top importers of Clocks, watches, & parts were United States ($7.1B), Hong Kong ($7.08B), Switzerland ($3.96B), China ($3.92B), and France ($3.4B).

Ranking Clocks, watches, & parts ranks 10th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Clocks, watches, & parts. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Switzerland$33.4B
Top Destination (2023)United States$7.1B

In 2023 Clocks, watches, & parts were the world's 56th most traded product (out of 96).

In 2023, the top exporters of Clocks, watches, & parts were Switzerland ($33.4B), China ($6.8B), France ($2.2B), Hong Kong ($1.68B), and Japan ($1.68B).

In 2023, the top importers of Clocks, watches, & parts were United States ($7.1B), Hong Kong ($7.08B), Switzerland ($3.96B), China ($3.92B), and France ($3.4B).

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Exporters of Clocks, watches, & parts (2023)
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Importers of Clocks, watches, & parts (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Switzerland$3.98B
Top Destination Growth (2022 -  2023)United Arab Emirates$343M

Between 2022 and 2023, the exports of Clocks, watches, & parts grew the fastest in Switzerland ($3.98B), France ($244M), Singapore ($164M), Saudi Arabia ($77.4M), and United Kingdom ($61.1M).

Between 2022 and 2023, the fastest growing importers of Clocks, watches, & parts were United Arab Emirates ($343M), Singapore ($289M), France ($287M), Japan ($286M), and United States ($283M).

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Exporters of Clocks, watches, & parts (2022 - 2023)

Importers of Clocks, watches, & parts (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Clocks, watches, & parts.

In 2023, market concentration measured using Shannon Entropy, was 2.72. This means that most of the exports of Clocks, watches, & parts are explained by 6 countries.

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Value of Exports in Clocks, watches, & parts

Net Trade

TOP NET EXPORTER (2023)Switzerland$29.4B
TOP NET IMPORTER (2023)United States$6.14B

This map shows which countries export or import more of Clocks, watches, & parts. Each country is colored based on the difference in exports and imports of Clocks, watches, & parts during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Clocks, watches, & parts were Switzerland ($29.4B), China ($2.89B), Thailand ($155M), Barbados ($3.38M), and Madagascar ($3.32M).

In 2023, the countries that had a largest trade value in imports than in exports of Clocks, watches, & parts were United States ($6.14B), Hong Kong ($5.39B), United Kingdom ($1.7B), United Arab Emirates ($1.68B), and Japan ($1.57B).

Net Trade (2023)

Disaggregation

Value
Disaggregation

In 2023, the world most traded Clocks, watches, & parts, disaggragated by their HS6 level were Base Metal Watches ($30.3B), Precious Metal Watches ($18.3B), Watch Straps ($2.49B), Other Clocks and Watches ($1.81B), and Watch Cases and Parts ($1.24B)

HS6 Disaggregation for Clocks, watches, & parts (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Clocks, watches, & parts.
It is possible to select the main countries that export or import Clocks, watches, & parts in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Clocks, watches, & parts by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $233M
TOP IMPORT POTENTIALGermany+ $9.91M

Clocks, watches, & parts’s highest export potential is Germany. With an export gap of $233M.  Clocks, watches, & parts’s highest import potential is Germany with an import gap of $9.91M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

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.

Relatedness vs Country Complexity (2023)

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