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Wrist-watches, pocket-watches, stop-watches and other watches; with case of precious metal or of metal clad with precious metal

9101 (Harmonized System 1992 for 4-digit)

2023
World Trade $18.3BRnk 219 / 1217
2023
Top Exporter | Top Importer $12.4B | $2.61BSwitzerland | Hong Kong
2023
Product Complexity 1.01Rnk 182 / 1044
2022 - 2023
Export Growth (CAGR) 6.06%Rnk 225 / 1217
2023
Share of World Trade 0.081%Rnk 219 / 1217

About

Overview This page contains the latest trade data of Precious Metal Watches. In 2023, Precious Metal Watches were the world's 219th most traded product, with a total trade of $18.3B. Between 2022 and 2023 the exports of Precious Metal Watches grew by 6.06%, from $17.3B to $18.3B. Trade in Precious Metal Watches represent 0.081% of total world trade.

Precious Metal Watches are a part of Clocks, watches, & parts. They include Wrist-watch, precious metal, automatic wound, Wrist-watch, precious metal, battery, with hands, Wrist-watch, precious metal, hand wound, Wrist-watch, precious metal, battery, other, Pocket-watch, precious-metal case, non-battery, Pocket-watch, precious-metal case, battery, and Wrist-watch, precious metal, battery, opto/electric.

Exports In 2023 the top exporters of Precious Metal Watches  were Switzerland ($12.4B), France ($826M), Singapore ($636M), Germany ($569M), and Hong Kong ($452M).

Imports In 2023 the top importers of Precious Metal Watches were Hong Kong ($2.61B), United States ($1.89B), Switzerland ($1.53B), Singapore ($1.46B), and China ($1.11B).

Ranking Precious Metal Watches ranks 182nd in the Product Complexity Index (PCI).

Description Wrist-watches, pocket-watches and other watches are used to tell time. They can be made from a variety of materials, including gold, silver, platinum, steel, or plastic.

Latest Trends

Latest Data

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The following visualization shows the latest trends on Precious Metal Watches. Countries are shown based on data availability.

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

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)Switzerland$12.4B
Top Destination (2023)Hong Kong$2.61B

In 2023 Precious Metal Watches were the world's 219th most traded product (out of 1,217).

In 2023, the top exporters of Precious Metal Watches were Switzerland ($12.4B), France ($826M), Singapore ($636M), Germany ($569M), and Hong Kong ($452M).

In 2023, the top importers of Precious Metal Watches were Hong Kong ($2.61B), United States ($1.89B), Switzerland ($1.53B), Singapore ($1.46B), and China ($1.11B).

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Exporters of Precious Metal Watches (2023)
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Importers of Precious Metal Watches (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)Switzerland$1.76B
Top Destination Growth (2022 -  2023)Japan$428M

Between 2022 and 2023, the exports of Precious Metal Watches grew the fastest in Switzerland ($1.76B), France ($113M), Saudi Arabia ($84.2M), Germany ($79.6M), and United Kingdom ($43.7M).

Between 2022 and 2023, the fastest growing importers of Precious Metal Watches were Japan ($428M), Singapore ($270M), United Arab Emirates ($209M), Italy ($121M), and Malaysia ($95.9M).

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Exporters of Precious Metal Watches (2022 - 2023)

Importers of Precious Metal Watches (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Precious Metal Watches.

In 2023, market concentration measured using Shannon Entropy, was 2.33. This means that most of the exports of Precious Metal Watches are explained by 5 countries.

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Value of Exports in Precious Metal Watches

Net Trade

TOP NET EXPORTER (2023)Switzerland$10.9B
TOP NET IMPORTER (2023)Hong Kong$2.16B

This map shows which countries export or import more of Precious Metal Watches. Each country is colored based on the difference in exports and imports of Precious Metal Watches during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Precious Metal Watches were Switzerland ($10.9B), Israel ($5.25M), Barbados ($1.89M), North Macedonia ($1.88M), and Peru ($1.73M).

In 2023, the countries that had a largest trade value in imports than in exports of Precious Metal Watches were Hong Kong ($2.16B), United States ($1.48B), China ($885M), Japan ($854M), and Singapore ($825M).

Net Trade (2023)

Disaggregation

Value

In 2023, the world most traded Precious Metal Watches, disaggragated by their HS6 level were Wrist-watch, precious metal, automatic wound ($11.5B), Wrist-watch, precious metal, hand wound ($3.43B), Wrist-watch, precious metal, battery, with hands ($2.58B), Pocket-watch, precious-metal case, non-battery ($385M), and Wrist-watch, precious metal, battery, other ($377M)

HS6 Disaggregation for Precious Metal Watches (2023)
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Country Comparison

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Ranking

This visualization shows the countries that have an important ratio of their trade related to Precious Metal Watches.
It is possible to select the main countries that export or import Precious Metal Watches in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Precious Metal Watches by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $68.1M
TOP IMPORT POTENTIALItaly+ $9.82M

Precious Metal Watches’s highest export potential is Germany. With an export gap of $68.1M.  Precious Metal Watches’s highest import potential is Italy with an import gap of $9.82M.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Precious Metal Watches.

Country by Relatedness

The following visualization shows the relatedness of Precious Metal Watches to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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