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Time switches; with clock, watch movement or synchronous motor

9107 (Harmonized System 1992 for 4-digit)

2022
World Trade $501MRnk 1049 / 1218
2022
Top Exporter | Top Importer $165M | $107MChina | United States
2022
Product Complexity 0.84Rnk 232 / 1033
2021 - 2022
Export Growth (CAGR) -12.8%Rnk 1137 / 1218
2022
Share of World Trade 0.0021%Rnk 1049 / 1218

About

Overview This page contains the latest trade data of Time Switches. In 2022, Time Switches were the world's 1049th most traded product, with a total trade of $501M. Between 2021 and 2022 the exports of Time Switches decreased by -12.8%, from $574M to $501M. Trade in Time Switches represent 0.0021% of total world trade.

Time Switches are a part of Clocks, watches, & parts. They include Time switches.

Exports In 2022 the top exporters of Time Switches  were China ($165M), Mexico ($92M), France ($43.8M), Germany ($42.5M), and Italy ($28.5M).

Imports In 2022 the top importers of Time Switches were United States ($107M), France ($42M), Germany ($25.1M), Spain ($24.6M), and Mexico ($21.2M).

Ranking Time Switches ranks 232nd in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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The following visualization shows the latest trends on Time Switches. 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 (2022)China$165M
Top Destination (2022)United States$107M

In 2022 Time Switches were the world's 1049th most traded product (out of 1,218).

In 2022, the top exporters of Time Switches were China ($165M), Mexico ($92M), France ($43.8M), Germany ($42.5M), and Italy ($28.5M).

In 2022, the top importers of Time Switches were United States ($107M), France ($42M), Germany ($25.1M), Spain ($24.6M), and Mexico ($21.2M).

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Exporters of Time Switches (2022)
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Importers of Time Switches (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Italy$4.38M
Top Destination Growth (2021 -  2022)Spain$3.44M

Between 2021 and 2022, the exports of Time Switches grew the fastest in Italy ($4.38M), Tunisia ($1.6M), United States ($1.58M), France ($911k), and Spain ($532k).

Between 2021 and 2022, the fastest growing importers of Time Switches were Spain ($3.44M), France ($2.31M), India ($1.86M), Mexico ($1.4M), and Australia ($1.09M).

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Exporters of Time Switches (2021 - 2022)

Importers of Time Switches (2021 - 2022)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Time Switches.

In 2022, market concentration measured using Shannon Entropy, was 3.47. This means that most of the exports of Time Switches are explained by 11 countries.

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Value of Exports in Time Switches

Net Trade

TOP NET EXPORTER (2022)China$163M
TOP NET IMPORTER (2022)United States$88.2M

This map shows which countries export or import more of Time Switches. Each country is colored based on the difference in exports and imports of Time Switches during 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Time Switches were China ($163M), Mexico ($70.8M), Germany ($17.4M), Chinese Taipei ($11.7M), and Italy ($10.4M).

In 2022, the countries that had a largest trade value in imports than in exports of Time Switches were United States ($88.2M), Canada ($17M), Spain ($15.7M), India ($14.8M), and Japan ($14.2M).

Net Trade (2022)

Country Comparison

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Ranking

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

Top 10 Exporters Countries of Time Switches by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $406k
TOP IMPORT POTENTIALChina+ $597k

Time Switches’s highest export potential is Germany. With an export gap of $406k.  Time Switches’s highest import potential is China with an import gap of $597k.

See methodology.

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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 (2022)

Country by Relatedness

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

Relative Relatedness by Country (2022)

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