Watch MovementsWatch movements; complete and assembled
9108 (Harmonized System 1992 for 4-digit)
2021 World Trade: $1.02B, Rnk 929 / 1217
2021 Top Exporter | Top Importer: $414M | $522M, Japan | Hong Kong
2021 Product Complexity: 1.74, Rnk 18 / 1024
2020 - 2021 Export Growth (CAGR): 29%, Rnk 351 / 1217
2018 Mean Tariff: 9.03%, Rnk 470 / 1259
2021 Share of World Trade: <0.01%, Rnk 929 / 1217
Overview This page contains the latest trade data of Watch Movements. In 2021, Watch Movements were the world's 929th most traded product, with a total trade of $1.02B. Between 2020 and 2021 the exports of Watch Movements grew by 29%, from $788M to $1.02B. Trade in Watch Movements represent 0.000048% 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 displa, and Watch movements, complete and assembled, nes, <33.8mm.
Exports In 2021 the top exporters of Watch Movements were Japan ($414M), Switzerland ($200M), China ($137M), Hong Kong ($56.6M), and United Kingdom ($49.6M).
Imports In 2021 the top importers of Watch Movements were Hong Kong ($522M), China ($71.2M), Switzerland ($52.9M), Japan ($42.4M), and Netherlands ($37M).
Tariffs In 2018 the average tariff for Watch Movements was 9.03%, making it the 470th lowest tariff using the HS4 product classification.
Ranking Watch Movements ranks 18th 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.
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.
* Using January 2020 exchange rates when trade data is reported in local currency.
Trade By Country
Watch Movements are the world's 929th most traded product.
In 2021, the top exporters of Watch Movements were Japan ($414M), Switzerland ($200M), China ($137M), Hong Kong ($56.6M), and United Kingdom ($49.6M).
In 2021, the top importers of Watch Movements were Hong Kong ($522M), China ($71.2M), Switzerland ($52.9M), Japan ($42.4M), and Netherlands ($37M).
Trade by country
Between 2020 and 2021, the exports of Watch Movements grew the fastest in Japan ($109M), China ($46.8M), Switzerland ($34.8M), United Kingdom ($27.3M), and Hong Kong ($19.2M).
Between 2020 and 2021, the fastest growing importers of Watch Movements were Hong Kong ($112M), India ($17.2M), Netherlands ($11.4M), Thailand ($10.1M), and Switzerland ($10.1M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Watch Movements.
In 2021, market concentration measured using Shannon Entropy, was 2.82. This means that most of the exports of Watch Movements are explained by 7 countries.
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 2021.
In 2021, the countries that had a largest trade value in exports than in imports of Watch Movements were Japan ($372M), Switzerland ($148M), China ($65.9M), United Kingdom ($30.7M), and Malaysia ($13.8M).
In 2021, the countries that had a largest trade value in imports than in exports of Watch Movements were Hong Kong ($465M), India ($25.4M), Thailand ($23.9M), Germany ($23.6M), and Macau ($12.6M).
In 2021, the world most traded Watch Movements, disaggragated by their HS6 level were Assembled battery watch movement, mechanical display ($551M), Watch movements, complete and assembled, auto-winding ($339M), Watch movements, complete and assembled, nes ($67.5M), Assembled battery watch movement, nes ($33.4M), and Assembled battery watch movement,opto-electric displa ($25.8M)
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.
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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