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Clocks and watches and parts thereof

91 (Harmonized System 1992 for 2-digit)

2022
World Trade $52.7BRnk 59 / 96
2022
Top Exporter | Top Importer $26.7B | $6.59BSwitzerland | Hong Kong
2022
Product Complexity 0.2Rnk 42 / 96
2021 - 2022
Export Growth (CAGR) 3.84%Rnk 58 / 96
2022
Share of World Trade 0.22%Rnk 59 / 96

About

Overview This page contains the latest trade data of Clocks, watches, & parts. In 2022, Clocks, watches, & parts were the world's 59th most traded product, with a total trade of $52.7B. Between 2021 and 2022 the exports of Clocks, watches, & parts grew by 3.84%, from $50.8B to $52.7B. Trade in Clocks, watches, & parts represent 0.22% 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 2022 the top exporters of Clocks, watches, & parts  were Switzerland ($26.7B), China ($6.75B), France ($2.48B), Germany ($1.87B), and Hong Kong ($1.82B).

Imports In 2022 the top importers of Clocks, watches, & parts were Hong Kong ($6.59B), United States ($6.05B), Switzerland ($3.68B), China ($3.57B), and Japan ($2.73B).

Ranking Clocks, watches, & parts ranks 42nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
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.

Explore Latest Trends

* 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 (2022)Switzerland$26.7B
Top Destination (2022)Hong Kong$6.59B

In 2022 Clocks, watches, & parts were the world's 59th most traded product (out of 96).

In 2022, the top exporters of Clocks, watches, & parts were Switzerland ($26.7B), China ($6.75B), France ($2.48B), Germany ($1.87B), and Hong Kong ($1.82B).

In 2022, the top importers of Clocks, watches, & parts were Hong Kong ($6.59B), United States ($6.05B), Switzerland ($3.68B), China ($3.57B), and Japan ($2.73B).

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Exporters of Clocks, watches, & parts (2022)
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Importers of Clocks, watches, & parts (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Switzerland$1.33B
Top Destination Growth (2021 -  2022)United States$729M

Between 2021 and 2022, the exports of Clocks, watches, & parts grew the fastest in Switzerland ($1.33B), United Arab Emirates ($346M), France ($270M), Hong Kong ($247M), and Singapore ($169M).

Between 2021 and 2022, the fastest growing importers of Clocks, watches, & parts were United States ($729M), Singapore ($452M), France ($256M), United Kingdom ($252M), and Spain ($238M).

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Exporters of Clocks, watches, & parts (2021 - 2022)

Importers of Clocks, watches, & parts (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 3.1. This means that most of the exports of Clocks, watches, & parts are explained by 8 countries.

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Value of Exports in Clocks, watches, & parts

Net Trade

TOP NET EXPORTER (2022)Switzerland$23B
TOP NET IMPORTER (2022)United States$4.88B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Clocks, watches, & parts were Switzerland ($23B), China ($3.18B), Ireland ($188M), Thailand ($99.8M), and France ($64.7M).

In 2022, the countries that had a largest trade value in imports than in exports of Clocks, watches, & parts were United States ($4.88B), Hong Kong ($4.77B), United Kingdom ($1.48B), Japan ($1.38B), and South Korea ($865M).

Net Trade (2022)

Disaggregation

Value
Disaggregation

In 2022, the world most traded Clocks, watches, & parts, disaggragated by their HS6 level were Base Metal Watches ($27.4B), Precious Metal Watches ($16.2B), Watch Straps ($2.33B), Other Clocks and Watches ($1.63B), and Other Clocks ($1.42B)

HS6 Disaggregation for Clocks, watches, & parts (2022)
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Country Comparison

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Measure
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 (2022)

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