HS Icon Other Clocks and Watches

9114 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Other Clocks and Watches. In 2019, Other Clocks and Watches were the world's 757th most traded product, with a total trade of $1.79B. Between 2018 and 2019 the exports of Other Clocks and Watches decreased by -3.43%, from $1.86B to $1.79B. Trade in Other Clocks and Watches represent 0.0099% of total world trade.

Exports In 2019 the top exporters of Other Clocks and Watches  were China ($506M), Switzerland ($391M), France ($149M), Singapore ($143M), and Japan ($130M).

Imports In 2019 the top importers of Other Clocks and Watches were Switzerland ($348M), Hong Kong ($294M), Japan ($173M), Singapore ($106M), and Malaysia ($98.2M).

Tariffs In 2018 the average tariff for Other Clocks and Watches was 6.85%, making it the 624th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Other Clocks and Watches are Cape Verde (30%), Cameroon (29.4%), Gabon (29.4%), Sri Lanka (29.2%), and Chad (27.5%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Singapore (0%).

Ranking Other Clocks and Watches ranks 217th in the Product Complexity Index (PCI).

Description Clock or watch parts are used in the production of clocks and watches.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $506M

Top Destination (2019): Switzerland, $348M

Other Clocks and Watches are the world's 757th most traded product.

In 2019, the top exporters of Other Clocks and Watches were China ($506M), Switzerland ($391M), France ($149M), Singapore ($143M), and Japan ($130M).

In 2019, the top importers of Other Clocks and Watches were Switzerland ($348M), Hong Kong ($294M), Japan ($173M), Singapore ($106M), and Malaysia ($98.2M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): China, $65.8M

Top Destination Growth (2018 - 2019): North Korea, $34.7M

Between 2018 and 2019, the exports of Other Clocks and Watches grew the fastest in China ($65.8M), Japan ($16.4M), Singapore ($10.1M), Armenia ($4.03M), and Mexico ($1.41M).

Between 2018 and 2019, the fastest growing importers of Other Clocks and Watches were North Korea ($34.7M), Vietnam ($33.6M), United States ($8.08M), Malaysia ($3.68M), and Japan ($2.84M).

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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 Other Clocks and Watches.

In 2019,  market concentration measured using Shannon Entropy, was 3.34. This means that most of the exports of Other Clocks and Watches are explained by 10 countries.

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TOP NET EXPORTER (2019): China, $436M

TOP NET IMPORTER (2019): Hong Kong, $203M

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

In 2019, the countries that had a largest trade value in exports than in imports of Other Clocks and Watches were China ($436M), France ($76.9M), Switzerland ($42.7M), Singapore ($37M), and Thailand ($17.1M).

In 2019, the countries that had a largest trade value in imports than in exports of Other Clocks and Watches were Hong Kong ($203M), North Korea ($73.8M), United States ($64.6M), Japan ($43.4M), and Vietnam ($41M).

Disaggregation

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Value

In 2019, the world most traded Other Clocks and Watches, disaggragated by their HS6 level were Clock or watch parts, nes ($1.36B), Clock or watch dials ($325M), Clock or watch plates and bridges ($72.7M), and Clock or watch springs, including hair-springs ($41.6M)

Import Tariffs

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In 2018, the average tariff for importing Other Clocks and Watches was 6.85%. The countries with the highest tariffs for importing Other Clocks and Watches were Cape Verde (30%), Cameroon (29.4%), Gabon (29.4%), Sri Lanka (29.2%), and Chad (27.5%).

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 Other Clocks and Watches to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.