HS Icon Watch Movements

9108 (Harmonized System 1992 for 4-digit)

World Trade (2018): $1.2B, Rnk 868 / 1225

Top Exporter (2018): $539M, Japan

Top Importer (2018): $635M, Hong Kong

Product Complexity (2018): 1.07, Rnk 150 / 1018

Export Growth (CAGR)(2017 - 2018): 3.5%, Rnk 1007 / 1225

Mean Tariff (2018): 8.98%, Rnk 476 / 1259

Share of World Trade (2018): 0.0065%, Rnk 868 / 1225

Overview: In 2018, Watch Movements were the world's 868th most traded product, with a total trade of $1.2B. Between 2017 and 2018 the exports of Watch Movements grew by 3.5%, from  $1.16B to $1.2B. Trade in Watch Movements represent 0.0065% of total world trade.

Exports: In 2018 the top exporters of Watch Movements  were Japan ($539M), Switzerland ($214M), China ($174M), Hong Kong ($56.6M), and Netherlands ($38.9M).

Imports: In 2018 the top importers of Watch Movements were Hong Kong ($635M), China ($150M), Switzerland ($75.5M), Japan ($66.5M), and Netherlands ($40.2M).

Tariffs: In 2018 the average tariff for Watch Movements was 8.98%, been the 476 lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Watch Movements are United States (45.9%), Bahamas (42.1%), Barbados (36.2%), Belize (35.8%), and Trinidad and Tobago (33.1%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking: Watch Movements ranks 150th in the Product Complexity Index (PCI).

Exporters and Importers

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Trade By Country

Top Origin (2018): Japan, $539M

Top Destination (2018): Hong Kong, $635M

Watch Movements are the world's 868th most traded product.

In 2018, the top exporters of Watch Movements were Japan ($539M), Switzerland ($214M), China ($174M), Hong Kong ($56.6M), and Netherlands ($38.9M).

In 2018, the top importers of Watch Movements were Hong Kong ($635M), China ($150M), Switzerland ($75.5M), Japan ($66.5M), and Netherlands ($40.2M).

Market Dynamics

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Trade by country

Value

Top Origin Growth (2017 -  2018): North Korea, $31.1M

Top Destination Growth (2017 - 2018): Hong Kong, $38.8M

Between 2017 and 2018, the exports of Watch Movements grew the fastest in North Korea ($31.1M), Japan ($23M), Malaysia ($13.5M), France ($10.2M), and United States ($6.59M).

Between 2017 and 2018, the fastest growing importers of Watch Movements were Hong Kong ($38.8M), Thailand ($13.7M), Switzerland ($10.2M), India ($9.65M), and Netherlands ($7.58M).

Market Concentration

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Cumulative market share

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

In 2018,  market concentration measured using Shannon Entropy, was 2.65. This means that most of the exports of Watch Movements are explained by 6 countries.

TOP NET EXPORTER (2018): Japan, $472M

TOP NET IMPORTER (2018): Hong Kong, $579M

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 2018.

In 2018, the countries that had a largest trade value in exports than imports of Watch Movements were Japan ($472M), Switzerland ($138M), North Korea ($31.1M), Malaysia ($30.2M), and China ($23.8M).

In 2018, the countries that had a largest trade value in imports than exports of Watch Movements were Hong Kong ($579M), India ($20.1M), Germany ($19.5M), Thailand ($19M), and Brazil ($10.9M).

Trade Forecasts

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This section shows forecasts for total trade for Watch Movements. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.

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Import Tariffs

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In 2018, the average tariff for importing Watch Movements was 8.98%.  The countries with the highest tariffs for importing Watch Movements were United States (45.9%), Bahamas (42.1%), Barbados (36.2%), Belize (35.8%), and Trinidad and Tobago (33.1%).

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Product Complexity

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Diversification Frontier

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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.