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Watch movements; complete and assembled

9108 (Harmonized System 1992 for 4-digit)

2023
World Trade $856MRnk 946 / 1217
2023
Top Exporter | Top Importer $343M | $289MJapan | Hong Kong
2023
Product Complexity 1.7Rnk 12 / 1044
2022 - 2023
Export Growth (CAGR) -15.7%Rnk 925 / 1217
2023
Share of World Trade 0.0038%Rnk 946 / 1217

About

Overview This page contains the latest trade data of Watch Movements. In 2023, Watch Movements were the world's 946th most traded product, with a total trade of $856M. Between 2022 and 2023 the exports of Watch Movements decreased by -15.7%, from $1.02B to $856M. Trade in Watch Movements represent 0.0038% of total world trade.

Watch Movements are a part of Clocks, watches, & parts. They include Assembled battery watch movement, mechanical display, Watch movements, complete and assembled, auto-winding, Assembled battery watch movement, nes, Watch movements, complete and assembled, nes, Assembled battery watch movement,opto-electric display, and Watch movements, complete and assembled, nes, <33.8mm.

Exports In 2023 the top exporters of Watch Movements  were Japan ($343M), Switzerland ($191M), China ($92.6M), Hong Kong ($61.1M), and United Kingdom ($27.1M).

Imports In 2023 the top importers of Watch Movements were Hong Kong ($289M), China ($161M), Japan ($65.2M), Switzerland ($39.1M), and United States ($38.1M).

Ranking Watch Movements ranks 12th in the Product Complexity Index (PCI).

Description Watch movements are the internal parts of a watch. They include the mainspring, escapement, balance wheel, and other parts that make up the mechanical movement of a watch.

Latest Trends

Latest Data

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Y-AXIS SCALE

The following visualization shows the latest trends on Watch Movements. 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 (2023)Japan$343M
Top Destination (2023)Hong Kong$289M

In 2023 Watch Movements were the world's 946th most traded product (out of 1,217).

In 2023, the top exporters of Watch Movements were Japan ($343M), Switzerland ($191M), China ($92.6M), Hong Kong ($61.1M), and United Kingdom ($27.1M).

In 2023, the top importers of Watch Movements were Hong Kong ($289M), China ($161M), Japan ($65.2M), Switzerland ($39.1M), and United States ($38.1M).

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Exporters of Watch Movements (2023)
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Importers of Watch Movements (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Hong Kong$11.5M
Top Destination Growth (2022 -  2023)Japan$27.4M

Between 2022 and 2023, the exports of Watch Movements grew the fastest in Hong Kong ($11.5M), Switzerland ($3.18M), North Korea ($2.27M), Thailand ($1.49M), and Austria ($1.34M).

Between 2022 and 2023, the fastest growing importers of Watch Movements were Japan ($27.4M), Mexico ($1.88M), United Arab Emirates ($1.71M), Canada ($1.65M), and Lithuania ($1.3M).

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Exporters of Watch Movements (2022 - 2023)

Importers of Watch Movements (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Watch Movements.

In 2023, market concentration measured using Shannon Entropy, was 2.88. This means that most of the exports of Watch Movements are explained by 7 countries.

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Value of Exports in Watch Movements

Net Trade

TOP NET EXPORTER (2023)Japan$278M
TOP NET IMPORTER (2023)Hong Kong$228M

This map shows which countries export or import more of Watch Movements. Each country is colored based on the difference in exports and imports of Watch Movements during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Watch Movements were Japan ($278M), Switzerland ($152M), Malaysia ($19.3M), United Kingdom ($7.83M), and Italy ($6.23M).

In 2023, the countries that had a largest trade value in imports than in exports of Watch Movements were Hong Kong ($228M), China ($68.5M), Germany ($29.8M), United States ($24.8M), and Macau ($16.5M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Watch Movements, disaggragated by their HS6 level were Assembled battery watch movement, mechanical display ($516M), Watch movements, complete and assembled, auto-winding ($219M), Watch movements, complete and assembled, nes ($64.6M), Assembled battery watch movement, nes ($30.4M), and Assembled battery watch movement,opto-electric display ($26M)

HS6 Disaggregation for Watch Movements (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 Watch Movements.
It is possible to select the main countries that export or import Watch Movements in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Watch Movements by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALIndia+ $1.24M
TOP IMPORT POTENTIALChina+ $742k

Watch Movements’s highest export potential is India. With an export gap of $1.24M.  Watch Movements’s highest import potential is China with an import gap of $742k.

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)

Related Products

This visualization shows products that are likely to be exported by countries that export Watch Movements.

Country by Relatedness

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

Relative Relatedness by Country (2023)

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