Watch Straps9113 (Harmonized System 1992 for 4-digit)
2020 World Trade: $1.52B, Rnk 775 / 1217
2020 Top Exporter | Top Importer: $521M | $451M, Switzerland | China
2020 Product Complexity: -0.17, Rnk 601 / 1028
2019 - 2020 Export Growth (CAGR): -23%, Rnk 1074 / 1217
2018 Mean Tariff: 10.7%, Rnk 377 / 1259
2020 Share of World Trade: 0.0091%, Rnk 775 / 1217
Overview This page contains the latest trade data of Watch Straps. In 2020, Watch Straps were the world's 775th most traded product, with a total trade of $1.52B. Between 2019 and 2020 the exports of Watch Straps decreased by -23%, from $1.98B to $1.52B. Trade in Watch Straps represent 0.0091% of total world trade.
Watch Straps are a part of Clocks and watches. They include Watch straps etc and parts, of base metal, Watch straps etc and parts, of leather/plastic/etc, and Watch straps etc & parts, of/clad with precious metal.
Exports In 2020 the top exporters of Watch Straps were China ($521M), France ($262M), Switzerland ($230M), Hong Kong ($104M), and Italy ($98.5M).
Imports In 2020 the top importers of Watch Straps were Switzerland ($451M), Hong Kong ($195M), United States ($150M), China ($113M), and France ($81.1M).
Tariffs In 2018 the average tariff for Watch Straps was 10.7%, making it the 377th lowest tariff using the HS4 product classification.
The countries with the highest import tariffs for Watch Straps are Bahamas (41.6%), Sudan (35%), Ethiopia (34.7%), Barbados (30.3%), and Cape Verde (30%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).
Ranking Watch Straps ranks 601st in the Product Complexity Index (PCI).
Description Watch straps are used to hold a watch on the wrist. Watch bands are made of leather, metal, or plastic and can be worn around the wrist or on the arm. Watch bracelets are made of metal and can be worn around the wrist or on the arm.
The following visualization shows the latest trends on Watch Straps. 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, $521M
Top Destination (2020): Switzerland, $451M
Watch Straps are the world's 775th most traded product.
In 2020, the top exporters of Watch Straps were China ($521M), France ($262M), Switzerland ($230M), Hong Kong ($104M), and Italy ($98.5M).
In 2020, the top importers of Watch Straps were Switzerland ($451M), Hong Kong ($195M), United States ($150M), China ($113M), and France ($81.1M).
Trade by country
Top Origin Growth (2019 - 2020): United Kingdom, $6.04M
Top Destination Growth (2019 - 2020): China, $33.3M
Between 2019 and 2020, the exports of Watch Straps grew the fastest in United Kingdom ($6.04M), United Arab Emirates ($2.41M), Poland ($930k), Ireland ($460k), and Malaysia ($429k).
Between 2019 and 2020, the fastest growing importers of Watch Straps were China ($33.3M), Kuwait ($3.05M), Malaysia ($2.67M), United States ($2.59M), and Iceland ($1.58M).
Cumulative market share
This chart shows the evolution of the market concentration of exports of Watch Straps.
In 2020, market concentration measured using Shannon Entropy, was 3.26. This means that most of the exports of Watch Straps are explained by 9 countries.
TOP NET EXPORTER (2020): China, $408M
TOP NET IMPORTER (2020): Switzerland, $220M
This map shows which countries export or import more of Watch Straps. Each country is colored based on the difference in exports and imports of Watch Straps during 2020.
In 2020, the countries that had a largest trade value in exports than in imports of Watch Straps were China ($408M), France ($181M), Italy ($73M), Thailand ($21.8M), and Austria ($15.1M).
In 2020, the countries that had a largest trade value in imports than in exports of Watch Straps were Switzerland ($220M), United States ($134M), Hong Kong ($91.4M), Japan ($58.7M), and Germany ($22.9M).
In 2019, the world most traded Watch Straps, disaggragated by their HS6 level were Watch straps etc and parts, of... ($757M), Watch straps etc and parts, of... ($618M), and Watch straps etc & parts, of/clad... ($145M)
This visualization shows the countries that have an important ratio of their trade related to Watch Straps. It is possible to select the main countries that export or import Watch Straps in the world, or by continent, as well as select the measure of interest.
In 2018, the average tariff for importing Watch Straps was 10.7%. The countries with the highest tariffs for importing Watch Straps were Bahamas (41.6%), Sudan (35%), Ethiopia (34.7%), Barbados (30.3%), and Cape Verde (30%).
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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