Watch Cases and Parts9111 (Harmonized System 1992 for 4-digit)
2020 World Trade: $910M, Rnk 910 / 1217
2020 Top Exporter | Top Importer: $490M | $274M, Switzerland | China
2020 Product Complexity: 0.48, Rnk 372 / 1028
2019 - 2020 Export Growth (CAGR): -34.4%, Rnk 1174 / 1217
2018 Mean Tariff: 9.59%, Rnk 445 / 1259
2020 Share of World Trade: 0.0054%, Rnk 910 / 1217
Overview This page contains the latest trade data of Watch Cases and Parts. In 2020, Watch Cases and Parts were the world's 910th most traded product, with a total trade of $910M. Between 2019 and 2020 the exports of Watch Cases and Parts decreased by -34.4%, from $1.39B to $910M. Trade in Watch Cases and Parts represent 0.0054% of total world trade.
Watch Cases and Parts are a part of Clocks and watches. They include Watch cases of base metal including gold/silver-plate, Parts of watch cases, Watch cases of, or clad with, precious metal, and Watch cases, nes.
Exports In 2020 the top exporters of Watch Cases and Parts were China ($490M), Switzerland ($97.7M), Hong Kong ($89.1M), Malaysia ($42.4M), and Thailand ($30.2M).
Imports In 2020 the top importers of Watch Cases and Parts were Switzerland ($274M), Hong Kong ($213M), Japan ($82.7M), Vietnam ($71.5M), and Thailand ($45.9M).
Tariffs In 2018 the average tariff for Watch Cases and Parts was 9.59%, making it the 445th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Watch Cases and Parts are Cyprus (88%), Bahamas (40.2%), Cape Verde (30%), and Cameroon (29.4%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).
Ranking Watch Cases and Parts ranks 372nd in the Product Complexity Index (PCI).
Description Cases for wrist-watches, pocket-watches and other watches are used to hold the watch while it is not being worn. They can be made from a variety of materials, including metal, plastic, or leather.
The following visualization shows the latest trends on Watch Cases and 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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Top Origin (2020): China, $490M
Top Destination (2020): Switzerland, $274M
Watch Cases and Parts are the world's 910th most traded product.
In 2020, the top exporters of Watch Cases and Parts were China ($490M), Switzerland ($97.7M), Hong Kong ($89.1M), Malaysia ($42.4M), and Thailand ($30.2M).
In 2020, the top importers of Watch Cases and Parts were Switzerland ($274M), Hong Kong ($213M), Japan ($82.7M), Vietnam ($71.5M), and Thailand ($45.9M).
Trade by country
Between 2019 and 2020, the exports of Watch Cases and Parts grew the fastest in Armenia ($1.88M), United States ($969k), Canada ($921k), Netherlands ($669k), and India ($441k).
Between 2019 and 2020, the fastest growing importers of Watch Cases and Parts were Japan ($8.61M), Philippines ($995k), United Arab Emirates ($847k), Lithuania ($620k), and Macau ($483k).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Watch Cases and Parts.
In 2020, market concentration measured using Shannon Entropy, was 2.65. This means that most of the exports of Watch Cases and Parts are explained by 6 countries.
TOP NET EXPORTER (2020): China, $467M
TOP NET IMPORTER (2020): Switzerland, $176M
This map shows which countries export or import more of Watch Cases and Parts. Each country is colored based on the difference in exports and imports of Watch Cases and Parts during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Watch Cases and Parts were China ($467M), Malaysia ($32.6M), Armenia ($24.1M), Singapore ($10.9M), and Portugal ($9.41M).
In 2020, the countries that had a largest trade value in imports than in exports of Watch Cases and Parts were Switzerland ($176M), Hong Kong ($124M), Japan ($67.5M), Vietnam ($64.5M), and Philippines ($28M).
In 2019, the world most traded Watch Cases and Parts, disaggragated by their HS6 level were Watch cases of base metal including... ($550M), Parts of watch cases ($241M), Watch cases, nes ($81.5M), and Watch cases of, or clad with,... ($37.5M)
This visualization shows the countries that have an important ratio of their trade related to Watch Cases and Parts. It is possible to select the main countries that export or import Watch Cases and Parts in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Watch Cases and Parts was 9.59%. The countries with the highest tariffs for importing Watch Cases and Parts were Cyprus (88%), Bahamas (40.2%), Cape Verde (30%), and Cameroon (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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