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Pricing

2022
Exports $589kWorld Rnk 30 / 111
Flag Rnk 1079 / 1210
2022
Destination $51.8k United States
2021 - 2022
FASTEST GROWING MARKET $51.8kSwitzerland
2022
PRODUCT COMPLEXITY IN Watch Movements1.76Rnk 17 / 1025
2022
Imports $3.15MWorld Rnk 24 / 168
Flag Rnk 1075 / 1213
2022
Origin $416k Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $416kSwitzerland
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $589k in Watch Movements, making it the 30th largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 1079th most exported product in Canada. The main destination of Watch Movements exports from Canada are: United States ($470k), Switzerland ($74.3k), Germany ($11.6k), United Kingdom ($10.8k), and Norway ($8.11k).

The fastest growing export markets for Watch Movements of Canada between 2021 and 2022 were Switzerland ($51.8k), United States ($43.9k), and Germany ($10.4k).

Imports In 2022, Canada imported $3.15M in Watch Movements, becoming the 24th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 1075th most imported product in Canada. Canada imports Watch Movements primarily from: Switzerland ($1.52M), United States ($596k), Italy ($305k), Japan ($242k), and Thailand ($114k).

The fastest growing import markets in Watch Movements for Canada between 2021 and 2022 were Switzerland ($416k), Italy ($110k), and Japan ($91.7k).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Watch Movements exports accounted up to C$7.01k and imports accounted up to C$1.84M, resulting in a negative trade balance of C$1.83M. Between January 2021 and June 2024 the exports of Canada's   Watch Movements have increased by C$3.76k (116%) from C$3.25k to C$7.01k, while imports increased by C$1.39M (312%) from C$447k to C$1.84M.

Destinations In June 2024, Watch Movements were exported mostly to United States (C$7.01k), and were imported mostly from China (C$935k), Switzerland (C$810k), Thailand (C$53k), Japan (C$19.3k), and Mexico (C$12.7k).

Growth In June 2024, the increase in Watch Movements's year-by-year exports was explained primarily by an increase in exports to . In June 2024, the increase in Watch Movements's year-by-year imports was explained primarily by an increase in imports from Switzerland (C$236k or 138%), China (C$10.4k or 160%), and Japan (C$3.23k or 33.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (January 2021 - June 2024)C$3.76k(116%)
IMPORT GROWTH (June 2023 - June 2024)C$1.39M(312%)
MAIN EXPORTER (June 2024)OntarioC$18.6k
MAIN DESTINATION (June 2024)United StatesC$7.01k

This section shows Watch Movements's exports and imports data at subnational level for Canada. 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 Watch Movements over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$589k
IMPORTS (2022)$3.15M
NET TRADE (2022)-$2.56M

In 2022, Canada exported $589k in Watch Movements. The main destinations of Canada exports on Watch Movements were United States ($470k), Switzerland ($74.3k), Germany ($11.6k), United Kingdom ($10.8k), and Norway ($8.11k).

In 2022, Canada imported $3.15M in Watch Movements, mainly from Switzerland ($1.52M), United States ($596k), Italy ($305k), Japan ($242k), and Thailand ($114k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Canada WERE (2021 - 2022):
Switzerland$51.8k (230%)
United States$43.9k (10.3%)
Germany$10.4k (863%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Canada WERE (2021 - 2022):
United Kingdom-$7.75k (-41.8%)
United Arab Emirates-$5.15k (-88.5%)
Guyana-$3.36k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Watch Movements were:
Japan $354M
Switzerland $177M
China $102M
In 2022, Canada's main importing competitors in Watch Movements were:
Hong Kong $427M
China $72.7M
Singapore $50.4M

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $223k
TOP IMPORT POTENTIALUnited States+ $272k

Watch Movements’s highest export potential is United States. With an export gap of $223k.   Watch Movements’s highest import potential is United States with an import gap of $272k.

See methodology.

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