Precious Metal Watches9101 (Harmonized System 1992 for 4-digit)
2020 World Trade: $10.9B, Rnk 293 / 1217
2020 Top Exporter | Top Importer: $6.07B | $2.04B, Hong Kong | Switzerland
2020 Product Complexity: 0.84, Rnk 227 / 1028
2019 - 2020 Export Growth (CAGR): -19.7%, Rnk 1014 / 1217
2018 Mean Tariff: 10.7%, Rnk 374 / 1259
2020 Share of World Trade: 0.065%, Rnk 293 / 1217
Overview This page contains the latest trade data of Precious Metal Watches. In 2020, Precious Metal Watches were the world's 293rd most traded product, with a total trade of $10.9B. Between 2019 and 2020 the exports of Precious Metal Watches decreased by -19.7%, from $13.5B to $10.9B. Trade in Precious Metal Watches represent 0.065% of total world trade.
Precious Metal Watches are a part of Clocks and watches. They include Wrist-watch, precious metal, automatic wound, Wrist-watch, precious metal, battery, with hands, Wrist-watch, precious metal, hand wound, Wrist-watch, precious metal, battery, other, Pocket-watch, precious-metal case, non-battery, Pocket-watch, precious-metal case, battery, and Wrist-watch, precious metal, battery, opto/electric.
Exports In 2020 the top exporters of Precious Metal Watches were Switzerland ($6.07B), France ($673M), United Kingdom ($529M), Singapore ($449M), and United States ($443M).
Imports In 2020 the top importers of Precious Metal Watches were Hong Kong ($2.04B), Switzerland ($1.1B), United States ($863M), China ($718M), and United Kingdom ($650M).
Tariffs In 2018 the average tariff for Precious Metal Watches was 10.7%, making it the 374th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Precious Metal Watches are Barbados (44.9%), Belize (43.9%), Guyana (43.7%), and Suriname (37.8%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).
Ranking Precious Metal Watches ranks 227th 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 gold, silver, platinum, steel, or plastic.
The following visualization shows the latest trends on Precious 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, $6.07B
Top Destination (2020): Hong Kong, $2.04B
Precious Metal Watches are the world's 293rd most traded product.
In 2020, the top exporters of Precious Metal Watches were Switzerland ($6.07B), France ($673M), United Kingdom ($529M), Singapore ($449M), and United States ($443M).
In 2020, the top importers of Precious Metal Watches were Hong Kong ($2.04B), Switzerland ($1.1B), United States ($863M), China ($718M), and United Kingdom ($650M).
Trade by country
Top Origin Growth (2019 - 2020): Saudi Arabia, $69M
Top Destination Growth (2019 - 2020): China, $158M
Between 2019 and 2020, the exports of Precious Metal Watches grew the fastest in Saudi Arabia ($69M), Malaysia ($30.5M), Ireland ($29.3M), Oman ($27.9M), and Netherlands ($16.2M).
Between 2019 and 2020, the fastest growing importers of Precious Metal Watches were China ($158M), Oman ($77.7M), Ireland ($40.5M), Vietnam ($8.35M), and Bahrain ($4.39M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Precious Metal Watches.
In 2020, market concentration measured using Shannon Entropy, was 2.94. This means that most of the exports of Precious Metal Watches are explained by 7 countries.
TOP NET EXPORTER (2020): Switzerland, $4.97B
TOP NET IMPORTER (2020): Hong Kong, $1.73B
This map shows which countries export or import more of Precious Metal Watches. Each country is colored based on the difference in exports and imports of Precious Metal Watches during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Precious Metal Watches were Switzerland ($4.97B), France ($260M), Macau ($21.6M), Netherlands ($14M), and Slovakia ($3.1M).
In 2020, the countries that had a largest trade value in imports than in exports of Precious Metal Watches were Hong Kong ($1.73B), China ($445M), United States ($420M), Japan ($388M), and United Arab Emirates ($247M).
In 2019, the world most traded Precious Metal Watches, disaggragated by their HS6 level were Wrist-watch, precious metal, automatic wound ($6.24B), Wrist-watch, precious metal, hand wound ($2B), Wrist-watch, precious metal, battery, with hands ($1.93B), Wrist-watch, precious metal, battery, other ($437M), and Pocket-watch, precious-metal case, non-battery ($208M)
This visualization shows the countries that have an important ratio of their trade related to Precious Metal Watches. It is possible to select the main countries that export or import Precious Metal Watches in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Precious Metal Watches was 10.7%. The countries with the highest tariffs for importing Precious Metal Watches were Barbados (44.9%), Belize (43.9%), Guyana (43.7%), and Suriname (37.8%).
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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