Watch Movements9108 (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: This page contains the latest trade data of Watch Movements. 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%, making it the 476th 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).
Description: Watch movements are the internal parts of a watch. They include the mainspring, escapement, balance wheel, and other parts that make up the mechanical movement of a watch.
Trade By Country
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).
Trade by country
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).
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.
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 in 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 in exports of Watch Movements were Hong Kong ($579M), India ($20.1M), Germany ($19.5M), Thailand ($19M), and Brazil ($10.9M).
In 2018, the world most traded Watch Movements, disaggragated by their HS6 level were Assembled battery watch movement, mechanical display ($743M), Watch movements, complete and assembled, auto-winding ($374M), Watch movements, complete and assembled, nes ($40.4M), Assembled battery watch movement,opto-electric displa ($21.5M), and Assembled battery watch movement, nes ($17.6M)
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%).
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.
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