HS Icon Base Metal Watches

9102 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Base Metal Watches. In 2019, Base Metal Watches were the world's 157th most traded product, with a total trade of $24.5B. Between 2018 and 2019 the exports of Base Metal Watches decreased by -1.6%, from $24.9B to $24.5B. Trade in Base Metal Watches represent 0.14% of total world trade.

Exports In 2019 the top exporters of Base Metal Watches  were Switzerland ($13.6B), China ($3.15B), Germany ($1.12B), France ($1.01B), and Hong Kong ($819M).

Imports In 2019 the top importers of Base Metal Watches were Hong Kong ($3.69B), United States ($2.44B), China ($1.68B), Japan ($1.55B), and Germany ($1.47B).

Tariffs In 2018 the average tariff for Base Metal Watches was 10%, making it the 420th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Base Metal Watches are Barbados (44.6%), Belize (44.2%), Sudan (35%), Trinidad and Tobago (33.1%), and Cape Verde (30%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking Base Metal Watches ranks 374th in the Product Complexity Index (PCI).

Description Wrist-watches, pocket-watches and other watches are used to tell time. They can be made from a variety of materials, including metal, plastic, or glass.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Switzerland, $13.6B

Top Destination (2019): Hong Kong, $3.69B

Base Metal Watches are the world's 157th most traded product.

In 2019, the top exporters of Base Metal Watches were Switzerland ($13.6B), China ($3.15B), Germany ($1.12B), France ($1.01B), and Hong Kong ($819M).

In 2019, the top importers of Base Metal Watches were Hong Kong ($3.69B), United States ($2.44B), China ($1.68B), Japan ($1.55B), and Germany ($1.47B).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Thailand, $158M

Top Destination Growth (2018 - 2019): China, $136M

Between 2018 and 2019, the exports of Base Metal Watches grew the fastest in Thailand ($158M), Philippines ($68.2M), France ($40.7M), Slovakia ($19.5M), and Jordan ($14.5M).

Between 2018 and 2019, the fastest growing importers of Base Metal Watches were China ($136M), Japan ($135M), United Kingdom ($60.4M), United States ($58.5M), and Chinese Taipei ($34.4M).

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Market Concentration

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Cumulative market share

Value

This chart shows the evolution of the market concentration of exports of Base Metal Watches.

In 2019,  market concentration measured using Shannon Entropy, was 2.77. This means that most of the exports of Base Metal Watches are explained by 6 countries.

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TOP NET EXPORTER (2019): Switzerland, $13B

TOP NET IMPORTER (2019): Hong Kong, $2.88B

This map shows which countries export or import more of Base Metal Watches. Each country is colored based on the difference in exports and imports of Base Metal Watches during 2019.

In 2019, the countries that had a largest trade value in exports than in imports of Base Metal Watches were Switzerland ($13B), China ($1.47B), Thailand ($330M), Philippines ($84.1M), and Barbados ($2.74M).

In 2019, the countries that had a largest trade value in imports than in exports of Base Metal Watches were Hong Kong ($2.88B), United States ($1.9B), United Kingdom ($1.04B), Japan ($1B), and South Korea ($761M).

Disaggregation

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Value

In 2019, the world most traded Base Metal Watches, disaggragated by their HS6 level were Wrist-watch, base-metal case, automatic wound ($12.8B), Wrist-watch, base-metal case, battery, with hands ($7.72B), Wrist-watch, base-metal case, hand wound ($1.31B), Wrist-watch, base-metal case, battery, opto/electric ($1.08B), and Wrist-watch, base-metal case, battery, other ($1.02B)

Import Tariffs

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In 2018, the average tariff for importing Base Metal Watches was 10%. The countries with the highest tariffs for importing Base Metal Watches were Barbados (44.6%), Belize (44.2%), Sudan (35%), Trinidad and Tobago (33.1%), and Cape Verde (30%).

Product Complexity

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Diversification Frontier

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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.

Country by Relatedness

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