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2023
Exports $6.8BWorld Rnk 2 / 210
Flag Rnk 45 / 96
2023
Destination $102M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $102MIndia
2023
PRODUCT COMPLEXITY IN Clocks, watches, & parts1.63Rnk 29 / 1025
2023
Imports $3.92BWorld Rnk 4 / 223
Flag Rnk 45 / 96
2023
Origin $368M Switzerland
2022 - 2023
FASTEST GROWING ORIGIN $368MSwitzerland
2023
ECONOMIC COMPLEXITY of China1.16Rnk 21 / 132

About

Exports In 2023, China exported $6.8B in Clocks, watches, & parts, making it the 2nd largest exporter of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 45th most exported product in China. The main destination of Clocks, watches, & parts exports from China are: Hong Kong ($1.33B), Switzerland ($711M), Germany ($535M), United States ($438M), and Japan ($308M).

The fastest growing export markets for Clocks, watches, & parts of China between 2022 and 2023 were India ($102M), Switzerland ($45M), and Thailand ($36M).

Imports In 2023, China imported $3.92B in Clocks, watches, & parts, becoming the 4th largest importer of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 45th most imported product in China. China imports Clocks, watches, & parts primarily from: Switzerland ($3.27B), Japan ($223M), Singapore ($106M), Thailand ($102M), and Hong Kong ($57.2M).

The fastest growing import markets in Clocks, watches, & parts for China between 2022 and 2023 were Switzerland ($368M), Hong Kong ($32.1M), and India ($3.03M).

COMPANIES In 2024, leading companies such as CrimsonLogic (854), Amazon (104), and IKEA Group (100) were at the forefront of shipping Clocks, watches, & parts from China to the United States.

Latest Trends

December 2024

About

Overview In December 2024 China's Clocks, watches, & parts exports accounted up to $500M and imports accounted up to $285M, resulting in a positive trade balance of $215M. Between December 2023 and December 2024 the exports of China's   Clocks, watches, & parts have decreased by $-885k (-0.18%) from $501M to $500M, while imports decreased by $-116M (-29.1%) from $401M to $285M.

Destinations In December 2024, Clocks, watches, & parts were exported mostly to Hong Kong ($121M), Russia ($42.9M), United States ($41.9M), Singapore ($28.4M), and Malaysia ($26.4M), and were imported mostly from Switzerland ($212M), China ($28.6M), Japan ($27.4M), Thailand ($4.33M), and France ($2.48M).

Growth In December 2024, the decrease in Clocks, watches, & parts's year-by-year exports was explained primarily by a decrease in exports to Australia ($-7.52M or -49.3%), Japan ($-4.17M or -17.1%), and Malaysia ($-4.14M or -23.6%). In December 2024, the decrease in Clocks, watches, & parts's year-by-year imports was explained primarily by a decrease in imports from Hong Kong ($-3.43M or -55.7%), Germany ($-196k or -15.3%), and Cambodia ($-49.4k or -32.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)$-885k(-0.18%)
IMPORT GROWTH (December 2023 - December 2024)$-116M(-29.1%)
MAIN EXPORTER (December 2024)Guangdong Province$256M
MAIN DESTINATION (December 2024)Hong Kong$121M

This section shows Clocks, watches, & parts's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Clocks, watches, & parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$6.8B
IMPORTS (2023)$3.92B
NET TRADE (2023)$2.89B

In 2023, China exported $6.8B in Clocks, watches, & parts. The main destinations of China exports on Clocks, watches, & parts were Hong Kong ($1.33B), Switzerland ($711M), Germany ($535M), United States ($438M), and Japan ($308M).

In 2023, China imported $3.92B in Clocks, watches, & parts, mainly from Switzerland ($3.27B), Japan ($223M), Singapore ($106M), Thailand ($102M), and Hong Kong ($57.2M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Clocks, watches, & parts EXPORT MARKETS FOR China WERE (2022 - 2023):
India$102M (148%)
Switzerland$45M (6.76%)
Thailand$36M (22.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Clocks, watches, & parts BY China WERE (2022 - 2023):
Japan-$165M (-34.9%)
United States-$90.9M (-17.2%)
Hong Kong-$86.4M (-6.09%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, China's main exporting competitors in Clocks, watches, & parts were:
Switzerland $33.4B
France $2.2B
In 2023, China's main importing competitors in Clocks, watches, & parts were:
United States $7.1B
Hong Kong $7.08B
Switzerland $3.96B

Explore Visualizations

Trade Value of Clocks, watches, & parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $91.4M
TOP IMPORT POTENTIALJapan+ $39.5M

Clocks, watches, & parts’s highest export potential is United States. With an export gap of $91.4M.   Clocks, watches, & parts’s highest import potential is Japan with an import gap of $39.5M.

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