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).