HS Icon Precious Metal Watches

9101 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Precious Metal Watches. In 2019, Precious Metal Watches were the world's 267th most traded product, with a total trade of $13.3B. Between 2018 and 2019 the exports of Precious Metal Watches grew by 2.71%, from $13B to $13.3B. Trade in Precious Metal Watches represent 0.074% of total world trade.

Exports In 2019 the top exporters of Precious Metal Watches  were Switzerland ($7.32B), France ($953M), Hong Kong ($857M), United Kingdom ($665M), and Singapore ($491M).

Imports In 2019 the top importers of Precious Metal Watches were Hong Kong ($2.14B), Switzerland ($1.55B), United States ($1.04B), United Kingdom ($791M), and France ($689M).

Tariffs In 2018 the average tariff for Precious Metal Watches was 10.8%, making it the 381st lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Precious Metal Watches are Barbados (44.9%), Belize (44.5%), Sudan (35%), Trinidad and Tobago (33.1%), and Poland (31%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Japan (0%), and Sri Lanka (0%).

Ranking Precious Metal Watches ranks 350th 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 gold, silver, platinum, steel, or plastic.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): Switzerland, $7.32B

Top Destination (2019): Hong Kong, $2.14B

Precious Metal Watches are the world's 267th most traded product.

In 2019, the top exporters of Precious Metal Watches were Switzerland ($7.32B), France ($953M), Hong Kong ($857M), United Kingdom ($665M), and Singapore ($491M).

In 2019, the top importers of Precious Metal Watches were Hong Kong ($2.14B), Switzerland ($1.55B), United States ($1.04B), United Kingdom ($791M), and France ($689M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): Hong Kong, $420M

Top Destination Growth (2018 - 2019): Macau, $423M

Between 2018 and 2019, the exports of Precious Metal Watches grew the fastest in Hong Kong ($420M), Switzerland ($193M), China ($111M), United Kingdom ($98.9M), and United States ($65.3M).

Between 2018 and 2019, the fastest growing importers of Precious Metal Watches were Macau ($423M), China ($107M), United States ($97.4M), Singapore ($86.2M), and Japan ($79.9M).

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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 Precious Metal Watches.

In 2019,  market concentration measured using Shannon Entropy, was 2.87. This means that most of the exports of Precious Metal Watches are explained by 7 countries.

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TOP NET EXPORTER (2019): Switzerland, $5.77B

TOP NET IMPORTER (2019): Hong Kong, $1.28B

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

In 2019, the countries that had a largest trade value in exports than in imports of Precious Metal Watches were Switzerland ($5.77B), France ($264M), Barbados ($8.91M), Saint Lucia ($2.39M), and Netherlands ($2.14M).

In 2019, the countries that had a largest trade value in imports than in exports of Precious Metal Watches were Hong Kong ($1.28B), United States ($647M), Japan ($527M), Macau ($472M), and China ($265M).

Disaggregation

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Value

In 2019, the world most traded Precious Metal Watches, disaggragated by their HS6 level were Wrist-watch, precious metal, automatic wound ($7.37B), Wrist-watch, precious metal, hand wound ($2.86B), Wrist-watch, precious metal, battery, with hands ($2.32B), Wrist-watch, precious metal, battery, other ($500M), and Pocket-watch, precious-metal case, non-battery ($225M)

Import Tariffs

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In 2018, the average tariff for importing Precious Metal Watches was 10.8%. The countries with the highest tariffs for importing Precious Metal Watches were Barbados (44.9%), Belize (44.5%), Sudan (35%), Trinidad and Tobago (33.1%), and Poland (31%).

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