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Pricing

2023
Exports $959MWorld Rnk 9 / 210
Flag Rnk 76 / 96
2023
Destination $52.7M Hong Kong
2022 - 2023
FASTEST GROWING MARKET $52.7MJapan
2023
PRODUCT COMPLEXITY IN Clocks, watches, & parts1.63Rnk 29 / 1025
2023
Imports $7.1BWorld Rnk 1 / 223
Flag Rnk 46 / 96
2023
Origin $672M Switzerland
2022 - 2023
FASTEST GROWING ORIGIN $672MSwitzerland
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $959M in Clocks, watches, & parts, making it the 9th largest exporter of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 76th most exported product in United States. The main destination of Clocks, watches, & parts exports from United States are: Hong Kong ($242M), Switzerland ($208M), Mexico ($60.8M), Japan ($59.7M), and Saint Martin ($27M).

The fastest growing export markets for Clocks, watches, & parts of United States between 2022 and 2023 were Japan ($52.7M), Mexico ($19.4M), and Bahamas ($11.3M).

Imports In 2023, United States imported $7.1B in Clocks, watches, & parts, becoming the 1st largest importer of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 46th most imported product in United States. United States imports Clocks, watches, & parts primarily from: Switzerland ($5.58B), Japan ($475M), China ($438M), Thailand ($118M), and Germany ($77.4M).

The fastest growing import markets in Clocks, watches, & parts for United States between 2022 and 2023 were Switzerland ($672M), Germany ($15.5M), and Vietnam ($8.7M).

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

November 2024

About

Overview In November 2024 United States' Clocks, watches, & parts exports accounted up to $148M and imports accounted up to $718M, resulting in a negative trade balance of $570M. Between November 2023 and November 2024 the exports of United States'   Clocks, watches, & parts have decreased by $-17.9M (-10.8%) from $166M to $148M, while imports increased by $92.3M (14.7%) from $626M to $718M.

Destinations In November 2024, Clocks, watches, & parts were exported mostly to Hong Kong ($36M), Switzerland ($31.6M), Canada ($15.7M), United Arab Emirates ($10M), and Mexico ($5.46M), and were imported mostly from Switzerland ($607M), China ($43.5M), Japan ($37.7M), Germany ($6.58M), and Thailand ($3.88M).

Growth In November 2024, the decrease in Clocks, watches, & parts's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-24.4M or -33.4%), Thailand ($-1.49M or -91.6%), and United Arab Emirates ($-797k or -9.18%). In November 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 (November 2023 - November 2024)$-17.9M(-10.8%)
IMPORT GROWTH (November 2023 - November 2024)$92.3M(14.7%)
MAIN EXPORTER (November 2024)New York$71.5M
MAIN DESTINATION (November 2024)Hong Kong$36M

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 (2023)$959M
IMPORTS (2023)$7.1B
NET TRADE (2023)-$6.14B

In 2023, United States exported $959M in Clocks, watches, & parts. The main destinations of United States exports on Clocks, watches, & parts were Hong Kong ($242M), Switzerland ($208M), Mexico ($60.8M), Japan ($59.7M), and Saint Martin ($27M).

In 2023, United States imported $7.1B in Clocks, watches, & parts, mainly from Switzerland ($5.58B), Japan ($475M), China ($438M), Thailand ($118M), and Germany ($77.4M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Clocks, watches, & parts EXPORT MARKETS FOR United States WERE (2022 - 2023):
Japan$52.7M (747%)
Mexico$19.4M (46.8%)
Bahamas$11.3M (74.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Clocks, watches, & parts BY United States WERE (2022 - 2023):
Hong Kong-$148M (-38%)
Switzerland-$62.9M (-23.2%)
United Kingdom-$12.2M (-46.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Clocks, watches, & parts were:
Switzerland $33.4B
China $6.8B
France $2.2B
In 2023, United States's main importing competitors in Clocks, watches, & parts were:
Hong Kong $7.08B
Switzerland $3.96B

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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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