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Pricing

2023
Exports $413MWorld Rnk 6 / 180
Flag Rnk 413 / 1217
2023
Destination $31.5M Switzerland
2022 - 2023
FASTEST GROWING MARKET $31.5MJapan
2023
PRODUCT COMPLEXITY IN Precious Metal Watches0.62Rnk 321 / 1025
2023
Imports $1.89BWorld Rnk 2 / 210
Flag Rnk 234 / 1215
2023
Origin $172M Switzerland
2022 - 2023
FASTEST GROWING ORIGIN $172MSwitzerland
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $413M in Precious Metal Watches, making it the 6th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 413th most exported product in United States. The main destination of Precious Metal Watches exports from United States are: Switzerland ($142M), Hong Kong ($96.4M), Japan ($34.3M), Mexico ($13.2M), and Singapore ($12.5M).

The fastest growing export markets for Precious Metal Watches of United States between 2022 and 2023 were Japan ($31.5M), Mexico ($6.9M), and Bahamas ($6.6M).

Imports In 2023, United States imported $1.89B in Precious Metal Watches, becoming the 2nd largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 234th most imported product in United States. United States imports Precious Metal Watches primarily from: Switzerland ($1.75B), Portugal ($19M), Israel ($14.5M), United Kingdom ($12.3M), and Germany ($11.5M).

The fastest growing import markets in Precious Metal Watches for United States between 2022 and 2023 were Switzerland ($172M), Ireland ($5.19M), and New Zealand ($3.72M).

COMPANIES In 2024, leading companies such as CrimsonLogic (22), ZF Friedrichshafen (14), and Dole Fresh Fruit (9) were at the forefront of shipping Precious Metal Watches to the United States.

Latest Trends

January 2025

About

Overview In January 2025 United States' Precious Metal Watches exports accounted up to $70.6M and imports accounted up to $182M, resulting in a negative trade balance of $111M. Between January 2024 and January 2025 the exports of United States'   Precious Metal Watches have decreased by $-14.6M (-17.2%) from $85.2M to $70.6M, while imports increased by $48.8M (36.6%) from $133M to $182M.

Destinations In January 2025, Precious Metal Watches were exported mostly to Hong Kong ($26.8M), Switzerland ($16.3M), Canada ($5.57M), United Arab Emirates ($5.35M), and Sint Maarten ($3.84M), and were imported mostly from Switzerland ($222M), Hong Kong ($1.67M), Germany ($1.01M), United Kingdom ($925k), and France ($671k).

Growth In January 2025, the decrease in Precious Metal Watches's year-by-year exports was explained primarily by a decrease in exports to Hong Kong ($-8.85M or -20.9%), Switzerland ($-5.34M or -17.5%), and United Arab Emirates ($-2.63M or -41.8%). In January 2025, the increase in Precious Metal Watches's year-by-year imports was explained primarily by an increase in imports from Switzerland ($9.37M or 7.82%), Germany ($540k or 135%), and Hong Kong ($393k or 555%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2024 - January 2025)$-14.6M(-17.2%)
IMPORT GROWTH (January 2024 - January 2025)$48.8M(36.6%)
MAIN EXPORTER (January 2025)New York$47.3M
MAIN DESTINATION (January 2025)Hong Kong$26.8M

This section shows Precious Metal Watches'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 Precious Metal Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$413M
IMPORTS (2023)$1.89B
NET TRADE (2023)-$1.48B

In 2023, United States exported $413M in Precious Metal Watches. The main destinations of United States exports on Precious Metal Watches were Switzerland ($142M), Hong Kong ($96.4M), Japan ($34.3M), Mexico ($13.2M), and Singapore ($12.5M).

In 2023, United States imported $1.89B in Precious Metal Watches, mainly from Switzerland ($1.75B), Portugal ($19M), Israel ($14.5M), United Kingdom ($12.3M), and Germany ($11.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR United States WERE (2022 - 2023):
Japan$31.5M (1.14k%)
Mexico$6.9M (109%)
Bahamas$6.6M (228%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY United States WERE (2022 - 2023):
Hong Kong-$171M (-64%)
Switzerland-$45.3M (-24.2%)
United Arab Emirates-$11M (-50.3%)
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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 Precious Metal Watches were:
Switzerland $12.4B
France $826M
Singapore $636M
In 2023, United States's main importing competitors in Precious Metal Watches were:
Hong Kong $2.61B
Switzerland $1.53B

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCanada+ $9.68M
TOP IMPORT POTENTIALFrance+ $16.9M

Precious Metal Watches’s highest export potential is Canada. With an export gap of $9.68M.   Precious Metal Watches’s highest import potential is France with an import gap of $16.9M.

See methodology.

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