HS Icon Watch Straps

9113 (Harmonized System 1992 for 4-digit)

Overview This page contains the latest trade data of Watch Straps. In 2019, Watch Straps were the world's 742nd most traded product, with a total trade of $1.9B. Between 2018 and 2019 the exports of Watch Straps decreased by -2.57%, from $1.95B to $1.9B. Trade in Watch Straps represent 0.01% of total world trade.

Exports In 2019 the top exporters of Watch Straps  were China ($635M), France ($344M), Switzerland ($277M), Italy ($132M), and Hong Kong ($113M).

Imports In 2019 the top importers of Watch Straps were Switzerland ($661M), Hong Kong ($312M), United States ($114M), France ($112M), and Japan ($86M).

Tariffs In 2018 the average tariff for Watch Straps was 10.9%, making it the 376th lowest tariff using the HS4 product classification.

The countries with the highest import tariffs for Watch Straps are Bahamas (41.6%), Sudan (35%), Ethiopia (34.7%), Barbados (30.3%), and Cape Verde (30%). The countries with the lowest tariffs are Mauritius (0%), South Africa (0%), Hong Kong (0%), Singapore (0%), and Switzerland (0%).

Ranking Watch Straps ranks 612th in the Product Complexity Index (PCI).

Description Watch straps are used to hold a watch on the wrist. Watch bands are made of leather, metal, or plastic and can be worn around the wrist or on the arm. Watch bracelets are made of metal and can be worn around the wrist or on the arm.

Historical Data

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Exporters and Importers

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Trade By Country

Top Origin (2019): China, $635M

Top Destination (2019): Switzerland, $661M

Watch Straps are the world's 742nd most traded product.

In 2019, the top exporters of Watch Straps were China ($635M), France ($344M), Switzerland ($277M), Italy ($132M), and Hong Kong ($113M).

In 2019, the top importers of Watch Straps were Switzerland ($661M), Hong Kong ($312M), United States ($114M), France ($112M), and Japan ($86M).

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Market Dynamics

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Trade by country

Value

Top Origin Growth (2018 -  2019): France, $18.3M

Top Destination Growth (2018 - 2019): Vietnam, $16M

Between 2018 and 2019, the exports of Watch Straps grew the fastest in France ($18.3M), Singapore ($12.5M), Hong Kong ($7.27M), Myanmar ($2.73M), and Cambodia ($2.21M).

Between 2018 and 2019, the fastest growing importers of Watch Straps were Vietnam ($16M), China ($15.4M), Japan ($12.8M), United States ($12.3M), and Philippines ($5.12M).

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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 Watch Straps.

In 2019,  market concentration measured using Shannon Entropy, was 3.3. This means that most of the exports of Watch Straps are explained by 9 countries.

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TOP NET EXPORTER (2019): China, $554M

TOP NET IMPORTER (2019): Switzerland, $384M

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

In 2019, the countries that had a largest trade value in exports than in imports of Watch Straps were China ($554M), France ($232M), Italy ($102M), Austria ($31.7M), and Thailand ($22.5M).

In 2019, the countries that had a largest trade value in imports than in exports of Watch Straps were Switzerland ($384M), Hong Kong ($199M), United States ($96M), Japan ($75.5M), and Brazil ($28.7M).

Disaggregation

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Value

In 2019, the world most traded Watch Straps, disaggragated by their HS6 level were Watch straps etc and parts, of... ($877M), Watch straps etc and parts, of... ($824M), and Watch straps etc & parts, of/clad... ($198M)

Import Tariffs

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In 2018, the average tariff for importing Watch Straps was 10.9%. The countries with the highest tariffs for importing Watch Straps were Bahamas (41.6%), Sudan (35%), Ethiopia (34.7%), Barbados (30.3%), 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 Watch Straps to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.