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Precious metal watches: top exporters and importers (2024)

In 2024, world trade in precious metal watches totaled $18 billion (12 thousand tonnes). Switzerland accounted for 71% of exports, followed by France (5%) and Singapore (3%); the top importers were Hong Kong (13%), the United States (12%) and Switzerland (8%). Compared with 2019, the value rose 26%.

Summary

World trade
$18billion
Tonnes
12thousand tonnes
Price per tonne
$1,527,832
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Switzerland$12.8 billion · 71.1%
  2. France$817 million · 4.5%
  3. Singapore$577 million · 3.2%
    re-exports
  4. Germany$531 million · 2.9%
  5. United Kingdom$372 million · 2.1%
  6. United States$355 million · 2%
  7. Italy$330 million · 1.8%
  8. Hong Kong$328 million · 1.8%
    re-exports
  9. United Arab Emirates$228 million · 1.3%
  10. China$205 million · 1.1%
  11. Spain$157 million · 0.87%
  12. Netherlands$125 million · 0.7%
    re-exports
  13. Macao$116 million · 0.64%
  14. Japan$107 million · 0.59%
  15. Saudi Arabia$95 million · 0.53%
  16. Portugal$62 million · 0.34%
  17. Ireland$59 million · 0.33%
  18. Australia$57 million · 0.31%
  19. Taiwan$56 million · 0.31%
  20. Oman$56 million · 0.31%

Top importers

  1. Hong Kong$2.3 billion · 13%
    re-exports
  2. United States$2.1 billion · 11.9%
  3. Switzerland$1.5 billion · 8.2%
  4. Singapore$1.4 billion · 7.9%
    re-exports
  5. France$1 billion · 5.8%
  6. China$928 million · 5.1%
  7. United Arab Emirates$918 million · 5.1%
  8. Japan$904 million · 5%
  9. United Kingdom$776 million · 4.3%
  10. Italy$657 million · 3.6%
  11. Germany$632 million · 3.5%
  12. Australia$393 million · 2.2%
  13. South Korea$310 million · 1.7%
  14. Taiwan$305 million · 1.7%
  15. Canada$269 million · 1.5%
  16. Spain$266 million · 1.5%
  17. Macao$246 million · 1.4%
  18. Saudi Arabia$234 million · 1.3%
  19. Netherlands$194 million · 1.1%
    re-exports
  20. Qatar$178 million · 0.99%

Trend

Who sells it

Switzerland was the top exporter throughout the period

Value in USD billions. The five largest exporters in 2024.

  • Switzerland 12.8
  • France 0.82
  • Singapore 0.58
  • Germany 0.53
  • United Kingdom 0.37

Source: CEPII BACI

Show the numbers
Country19952024
Switzerland2.412.8
France0.080.82
Singapore0.20.58
Germany0.130.53
United Kingdom0.190.37

Price

Implied price

The price per tonne rose 27,241% since 1995

Current US dollars per tonne: value over the weight reported by BACI.

  • 2024: $1,527,832

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$5,588
1996$8,618
1997—
1998—
1999—
2000$398,408
2001$424,390
2002$391,392
2003$357,617
2004$458,478
2005$657,697
2006$585,980
2007$1,014,562
2008$1,230,419
2009$1,098,206
2010$1,099,283
2011$1,597,634
2012$1,446,923
2013$1,929,700
2014$1,242,664
2015$1,227,015
2016$1,016,132
2017$1,024,789
2018$1,464,546
2019$1,079,115
2020$1,374,457
2021$1,670,065
2022$1,628,510
2023$2,389,460
2024$1,527,832

What it includes

  • 9101 · Precious metal watches

Products in the same chapter

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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