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Watch movements: top exporters and importers (2024)

In 2024, world trade in watch movements totaled $854 million (15 thousand tonnes). The top exporters were Japan (44%), Switzerland (22%) and China (10%); the top importers were Hong Kong (33%), China (21%) and the United States (5%). Compared with 2019, the value fell 27%.

Summary

World trade
$854million
Tonnes
15thousand tonnes
Price per tonne
$56,559
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Japan$376 million · 44.1%
  2. Switzerland$185 million · 21.6%
  3. China$83 million · 9.7%
  4. Hong Kong$44 million · 5.2%
    re-exports
  5. Malaysia$28 million · 3.3%
  6. Thailand$20 million · 2.3%
  7. France$17 million · 2%
  8. Singapore$16 million · 1.9%
    re-exports
  9. North Korea$16 million · 1.9%
  10. United Kingdom$16 million · 1.9%
  11. United States$10 million · 1.1%
  12. Netherlands$9 million · 1%
    re-exports
  13. Germany$7 million · 0.77%
  14. Italy$6 million · 0.73%
  15. Poland$3 million · 0.3%
  16. Belgium$2 million · 0.25%
    re-exports
  17. Lithuania$2 million · 0.22%
  18. Turkey$2 million · 0.2%
  19. India$1 million · 0.18%
  20. Australia$1 million · 0.17%

Top importers

  1. Hong Kong$279 million · 32.7%
    re-exports
  2. China$181 million · 21.1%
  3. United States$42 million · 4.9%
  4. Macao$38 million · 4.5%
  5. Japan$38 million · 4.4%
  6. Switzerland$34 million · 3.9%
  7. Germany$33 million · 3.9%
  8. France$30 million · 3.5%
  9. India$20 million · 2.4%
  10. Netherlands$18 million · 2.1%
    re-exports
  11. United Kingdom$18 million · 2.1%
  12. Thailand$14 million · 1.7%
  13. Brazil$10 million · 1.2%
  14. Saudi Arabia$9 million · 1.1%
  15. Singapore$9 million · 1%
    re-exports
  16. Italy$6 million · 0.76%
  17. Malaysia$6 million · 0.69%
  18. United Arab Emirates$5 million · 0.64%
  19. Philippines$5 million · 0.64%
  20. Spain$5 million · 0.58%

Trend

Who sells it

Japan was the top exporter throughout the period

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

  • Japan 0.38
  • Switzerland 0.18
  • China 0.08
  • Hong Kong 0.04
  • Malaysia 0.03

Source: CEPII BACI

Show the numbers
Country19952024
Japan1.20.38
Switzerland0.150.18
China0.280.08
Hong Kong0.190.04
Malaysia0.040.03

Price

Implied price

The price per tonne rose 229% since 2000

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

  • 2024: $56,559

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995—
1996—
1997—
1998—
1999—
2000$17,186
2001$31,400
2002$13,670
2003$3,906
2004$15,424
2005$19,370
2006$21,538
2007$15,266
2008$39,598
2009$54,880
2010$39,592
2011$110,211
2012$126,651
2013$148,254
2014$41,944
2015$75,697
2016$49,340
2017$127,614
2018$54,604
2019$56,058
2020$156,636
2021$153,291
2022$148,029
2023$43,442
2024$56,559

What it includes

  • 9108 · Watch movements

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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