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Pricing

2022
Exports $1.17BWorld Rnk 8 / 208
Flag Rnk 75 / 96
2022
Destination $58.1M Switzerland
2021 - 2022
FASTEST GROWING MARKET $58.1MSwitzerland
2022
PRODUCT COMPLEXITY IN Clocks, watches, & parts1.76Rnk 17 / 1025
2022
Imports $6.05BWorld Rnk 2 / 224
Flag Rnk 49 / 96
2022
Origin $645M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $645MSwitzerland
2022
ECONOMIC COMPLEXITY of United States1.47Rnk 10 / 133

About

Exports In 2022, United States exported $1.17B in Clocks, watches, & parts, making it the 8th largest exporter of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 75th most exported product in United States. The main destination of Clocks, watches, & parts exports from United States are: Switzerland ($285M), Hong Kong ($237M), Canada ($113M), United Arab Emirates ($80.4M), and Mexico ($69.2M).

The fastest growing export markets for Clocks, watches, & parts of United States between 2021 and 2022 were Switzerland ($58.1M), United Arab Emirates ($30M), and Canada ($11.5M).

Imports In 2022, United States imported $6.05B in Clocks, watches, & parts, becoming the 2nd largest importer of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 49th most imported product in United States. United States imports Clocks, watches, & parts primarily from: Switzerland ($4.24B), China ($548M), Japan ($312M), United Kingdom ($95.7M), and Thailand ($94.3M).

The fastest growing import markets in Clocks, watches, & parts for United States between 2021 and 2022 were Switzerland ($645M), United Arab Emirates ($59.6M), and Japan ($46.1M).

COMPANIES In 2023, leading companies such as CrimsonLogic (1.24k), You Hao Trading (165), and IKEA Group (163) were at the forefront of shipping Clocks, watches, & parts to the United States.

Latest Trends

July 2024

About

Overview In July 2024 United States' Clocks, watches, & parts exports accounted up to $141M and imports accounted up to $632M, resulting in a negative trade balance of $491M. Between July 2023 and July 2024 the exports of United States'   Clocks, watches, & parts have increased by $15.5M (12.4%) from $125M to $141M, while imports increased by $17.2M (2.8%) from $615M to $632M.

Destinations In July 2024, Clocks, watches, & parts were exported mostly to Switzerland ($33.9M), Hong Kong ($33.1M), Canada ($16.1M), United Arab Emirates ($6.67M), and Mexico ($6.23M), and were imported mostly from Switzerland ($526M), Japan ($43M), China ($33.3M), Germany ($4.78M), and Thailand ($4.53M).

Growth In July 2024, the increase in Clocks, watches, & parts's year-by-year exports was explained primarily by an increase in exports to Switzerland ($14.5M or 57%), Mexico ($5.4M or 167%), and Paraguay ($2.98M or 10.6k%). In July 2024, the increase in Clocks, watches, & parts's year-by-year imports was explained primarily by an increase in imports from Switzerland ($37.6M or 10.3%), France ($4.22M or 219%), and United Kingdom ($417k or 33.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)$15.5M(12.4%)
IMPORT GROWTH (July 2023 - July 2024)$17.2M(2.8%)
MAIN EXPORTER (July 2024)New York$71.5M
MAIN DESTINATION (July 2024)Switzerland$33.9M

This section shows Clocks, watches, & parts's exports and imports data at subnational level for United States. 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 (2022)$1.17B
IMPORTS (2022)$6.05B
NET TRADE (2022)-$4.88B

In 2022, United States exported $1.17B in Clocks, watches, & parts. The main destinations of United States exports on Clocks, watches, & parts were Switzerland ($285M), Hong Kong ($237M), Canada ($113M), United Arab Emirates ($80.4M), and Mexico ($69.2M).

In 2022, United States imported $6.05B in Clocks, watches, & parts, mainly from Switzerland ($4.24B), China ($548M), Japan ($312M), United Kingdom ($95.7M), and Thailand ($94.3M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Clocks, watches, & parts EXPORT MARKETS FOR United States WERE (2021 - 2022):
Switzerland$58.1M (25.6%)
United Arab Emirates$30M (59.6%)
Canada$11.5M (11.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Clocks, watches, & parts BY United States WERE (2021 - 2022):
Hong Kong-$15.5M (-6.14%)
China-$9.72M (-72.2%)
Macau-$7.15M (-71.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United States's main exporting competitors in Clocks, watches, & parts were:
Switzerland $26.7B
China $6.75B
France $2.48B
In 2022, United States's main importing competitors in Clocks, watches, & parts were:
Hong Kong $6.59B
Switzerland $3.68B

Explore Visualizations

Trade Value of Clocks, watches, & parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $19.8M
TOP IMPORT POTENTIALChina+ $91.4M

Clocks, watches, & parts’s highest export potential is Canada. With an export gap of $19.8M.   Clocks, watches, & parts’s highest import potential is China with an import gap of $91.4M.

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