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Watch cases: top exporters and importers (2024)

In 2024, world trade in watch cases totaled $1.2 billion (6 thousand tonnes). China accounted for 56% of exports, followed by Switzerland (14%) and Hong Kong (10%); the top importers were Switzerland (28%), Hong Kong (23%) and Thailand (9%). Compared with 2019, the value fell 18%.

Summary

World trade
$1.2billion
Tonnes
6thousand tonnes
Price per tonne
$210,009
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. China$677 million · 55.9%
  2. Switzerland$171 million · 14.1%
  3. Hong Kong$123 million · 10.2%
    re-exports
  4. Malaysia$40 million · 3.3%
  5. Thailand$39 million · 3.2%
  6. Portugal$25 million · 2.1%
  7. Singapore$25 million · 2.1%
    re-exports
  8. Japan$22 million · 1.8%
  9. Germany$20 million · 1.7%
  10. France$19 million · 1.6%
  11. Italy$11 million · 0.87%
  12. South Korea$10 million · 0.85%
  13. Cambodia$4 million · 0.37%
  14. Vietnam$4 million · 0.32%
  15. United States$3 million · 0.23%
  16. Canada$3 million · 0.21%
  17. Taiwan$3 million · 0.21%
  18. India$2 million · 0.2%
  19. Netherlands$2 million · 0.17%
    re-exports
  20. United Kingdom$1 million · 0.12%

Top importers

  1. Switzerland$337 million · 27.8%
  2. Hong Kong$280 million · 23.1%
    re-exports
  3. Thailand$103 million · 8.5%
  4. Japan$92 million · 7.6%
  5. Taiwan$65 million · 5.4%
  6. Germany$48 million · 4%
  7. Philippines$44 million · 3.7%
  8. Brazil$40 million · 3.3%
  9. France$30 million · 2.5%
  10. India$30 million · 2.5%
  11. United States$25 million · 2.1%
  12. China$20 million · 1.6%
  13. Vietnam$16 million · 1.3%
  14. Malaysia$14 million · 1.2%
  15. Singapore$9 million · 0.76%
    re-exports
  16. United Kingdom$8 million · 0.62%
  17. Mexico$6 million · 0.53%
  18. Italy$6 million · 0.49%
  19. Netherlands$5 million · 0.41%
    re-exports
  20. Turkey$4 million · 0.37%

Trend

Who sells it

China has been the top exporter since 2003

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

  • China 677
  • Switzerland 171
  • Hong Kong 123
  • Malaysia 40
  • Thailand 38.7

Source: CEPII BACI

Show the numbers
Country19952024
China113677
Switzerland103171
Hong Kong187123
Malaysia2.940
Thailand2538.7

Price

Implied price

The price per tonne rose 705% since 2000

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

  • 2024: $210,009

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995—
1996—
1997—
1998—
1999—
2000$26,096
2001$33,538
2002$23,500
2003$6,699
2004$25,152
2005$37,659
2006$39,331
2007$62,523
2008$136,615
2009$106,119
2010$80,887
2011$99,244
2012$99,315
2013$153,459
2014$112,970
2015$112,844
2016$152,487
2017$97,412
2018$82,730
2019$75,855
2020$97,391
2021$171,040
2022$120,482
2023$92,298
2024$210,009

What it includes

  • 9111 · Watch cases

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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