2022
Exports
$1.24MWorld Rnk 23 / 111
Flag Rnk 871 / 1208
2022
PRODUCT COMPLEXITY IN Watch Movements
1.76Rnk 17 / 1025
2022
Imports
$4.71MWorld Rnk 18 / 168
Flag Rnk 936 / 1206
2022
ECONOMIC COMPLEXITY of Australia
-0.24Rnk 78 / 133

About

Exports In 2022, Australia exported $1.24M in Watch Movements, making it the 23rd largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 871st most exported product in Australia. The main destination of Watch Movements exports from Australia are: United States ($313k), Hong Kong ($288k), Macau ($157k), Switzerland ($137k), and Malaysia ($79.1k).

The fastest growing export markets for Watch Movements of Australia between 2021 and 2022 were Macau ($150k), United States ($145k), and Japan ($75k).

Imports In 2022, Australia imported $4.71M in Watch Movements, becoming the 18th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 936th most imported product in Australia. Australia imports Watch Movements primarily from: Switzerland ($2.56M), China ($811k), Italy ($721k), Hong Kong ($239k), and United Kingdom ($131k).

The fastest growing import markets in Watch Movements for Australia between 2021 and 2022 were Switzerland ($788k), China ($682k), and Italy ($88.6k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Watch Movements. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.24M
IMPORTS (2022)$4.71M
NET TRADE (2022)-$3.47M

In 2022, Australia exported $1.24M in Watch Movements. The main destinations of Australia exports on Watch Movements were United States ($313k), Hong Kong ($288k), Macau ($157k), Switzerland ($137k), and Malaysia ($79.1k).

In 2022, Australia imported $4.71M in Watch Movements, mainly from Switzerland ($2.56M), China ($811k), Italy ($721k), Hong Kong ($239k), and United Kingdom ($131k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Australia WERE (2021 - 2022):
Macau$150k (2.14k%)
United States$145k (86.3%)
Japan$75k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Australia WERE (2021 - 2022):
Hong Kong-$954k (-76.8%)
United Kingdom-$386k (-93.1%)
New Zealand-$127k (-81.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Australia's main exporting competitors in Watch Movements were:
In 2022, Australia's main importing competitors in Watch Movements were:

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $54.6k
TOP IMPORT POTENTIALChina+ $198k

Watch Movements’s highest export potential is United States. With an export gap of $54.6k.   Watch Movements’s highest import potential is China with an import gap of $198k.

See methodology.

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