HS Icon Other Clocks and Watches

9114 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Other Clocks and Watches. In 2020, Other Clocks and Watches were the world's 826th most traded product, with a total trade of $1.31B. Between 2019 and 2020 the exports of Other Clocks and Watches decreased by -26.5%, from $1.78B to $1.31B. Trade in Other Clocks and Watches represent 0.0078% of total world trade.

Other Clocks and Watches are a part of Clocks and watches. They include Clock or watch parts, nes, Clock or watch dials, Clock or watch plates and bridges, Clock or watch springs, including hair-springs, and Clock or watch jewels.

Exports In 2020 the top exporters of Other Clocks and Watches  were Switzerland ($317M), China ($291M), France ($129M), Singapore ($102M), and Japan ($95M).

Imports In 2020 the top importers of Other Clocks and Watches were Switzerland ($280M), Hong Kong ($192M), Japan ($118M), Singapore ($98.3M), and Malaysia ($78.3M).

Tariffs In 2018 the average tariff for Other Clocks and Watches was 6.93%, making it the 625th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Clocks and Watches are Cape Verde (30%), Cameroon (29.4%), and Gabon (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking Other Clocks and Watches ranks 118th in the Product Complexity Index (PCI).

Description Clock or watch parts are used in the production of clocks and watches.

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The following visualization shows the latest trends on Other Clocks and 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.

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Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2020): Switzerland, $317M

Top Destination (2020): Switzerland, $280M

Other Clocks and Watches are the world's 826th most traded product.

In 2020, the top exporters of Other Clocks and Watches were Switzerland ($317M), China ($291M), France ($129M), Singapore ($102M), and Japan ($95M).

In 2020, the top importers of Other Clocks and Watches were Switzerland ($280M), Hong Kong ($192M), Japan ($118M), Singapore ($98.3M), and Malaysia ($78.3M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2019 -  2020): United States, $2.86M

Top Destination Growth (2019 - 2020): Romania, $1.95M

Between 2019 and 2020, the exports of Other Clocks and Watches grew the fastest in United States ($2.86M), Hungary ($1.74M), United Kingdom ($928k), Belgium ($630k), and Lithuania ($587k).

Between 2019 and 2020, the fastest growing importers of Other Clocks and Watches were Romania ($1.95M), Luxembourg ($1.46M), Sweden ($981k), Denmark ($501k), and Poland ($492k).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Other Clocks and Watches.

In 2020,  market concentration measured using Shannon Entropy, was 3.47. This means that most of the exports of Other Clocks and Watches are explained by 11 countries.

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TOP NET EXPORTER (2020): China, $221M

TOP NET IMPORTER (2020): Hong Kong, $132M

This map shows which countries export or import more of Other Clocks and Watches. Each country is colored based on the difference in exports and imports of Other Clocks and Watches during 2020.

In 2020, the countries that had a largest trade value in exports than in imports of Other Clocks and Watches were China ($221M), France ($66.5M), Switzerland ($36.4M), Thailand ($10.2M), and Armenia ($7.75M).

In 2020, the countries that had a largest trade value in imports than in exports of Other Clocks and Watches were Hong Kong ($132M), United States ($42.7M), Japan ($22.9M), Germany ($19.7M), and United Kingdom ($18.9M).

Disaggregation

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Value

In 2019, the world most traded Other Clocks and Watches, disaggragated by their HS6 level were Clock or watch parts, nes ($975M), Clock or watch dials ($219M), Clock or watch plates and bridges ($80.4M), and Clock or watch springs, including hair-springs ($33.9M)

Country Comparison

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Ranking

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

Import Tariffs

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In 2018, the average tariff for importing Other Clocks and Watches was 6.93%. The countries with the highest tariffs for importing Other Clocks and Watches were Cape Verde (30%), Cameroon (29.4%), and Gabon (29.4%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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The following visualization shows the relatedness of Other Clocks and Watches to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.