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Wristwatches and pocket watches: top exporters and importers (2024)

In 2024, world trade in wristwatches and pocket watches totaled $48.6 billion (108 thousand tonnes). Switzerland accounted for 67% of exports, followed by China (8%) and France (3%); the top importers were the United States (14%), Hong Kong (11%) and Japan (6%). Compared with 2019, the value rose 21%.

Summary

World trade
$48.6billion
Tonnes
108thousand tonnes
Price per tonne
$445,677
The largest flows between countries. Width: value; color: estimated transport mode.SeaAirLand

Top exporters

  1. Switzerland$32.4 billion · 66.7%
    see destinations
  2. China$4.1 billion · 8.4%
    see destinations
  3. France$1.5 billion · 3%
    see destinations
  4. Germany$1.2 billion · 2.5%
  5. Singapore$1.1 billion · 2.2%
    re-exports
  6. Hong Kong$999 million · 2.1%
    re-exports
  7. Japan$983 million · 2%
  8. United States$790 million · 1.6%
  9. Italy$657 million · 1.4%
  10. Thailand$653 million · 1.3%
  11. United Kingdom$610 million · 1.3%
  12. Spain$373 million · 0.77%
  13. Netherlands$350 million · 0.72%
    re-exports
  14. United Arab Emirates$304 million · 0.63%
  15. Taiwan$219 million · 0.45%
  16. Ireland$201 million · 0.41%
  17. Vietnam$185 million · 0.38%
  18. Macao$179 million · 0.37%
  19. Philippines$148 million · 0.3%
  20. Saudi Arabia$146 million · 0.3%

Top importers

  1. United States$6.9 billion · 14.2%
    see sources
  2. Hong Kong$5.3 billion · 10.8%
    re-exports · see sources
  3. Japan$3 billion · 6.2%
    see sources
  4. France$3 billion · 6.1%
    see sources
  5. China$2.7 billion · 5.6%
    see sources
  6. Germany$2.4 billion · 4.9%
    see sources
  7. Singapore$2.4 billion · 4.9%
    re-exports · see sources
  8. United Kingdom$2.2 billion · 4.5%
    see sources
  9. Switzerland$2.2 billion · 4.5%
    see sources
  10. United Arab Emirates$2.1 billion · 4.4%
    see sources
  11. Italy$1.6 billion · 3.3%
    see sources
  12. Spain$982 million · 2%
  13. South Korea$962 million · 2%
  14. Australia$767 million · 1.6%
  15. Netherlands$728 million · 1.5%
    re-exports
  16. Canada$664 million · 1.4%
  17. Taiwan$602 million · 1.2%
  18. Malaysia$550 million · 1.1%
  19. India$527 million · 1.1%
  20. Turkey$506 million · 1%

Trend

Who sells it

Switzerland was the top exporter throughout the period

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

  • Switzerland 32.4
  • China 4.1
  • France 1.5
  • Germany 1.2
  • Singapore 1.1

Source: CEPII BACI

Show the numbers
Country19952024
Switzerland632.4
China1.74.1
France0.211.5
Germany0.251.2
Singapore0.461.1

Price

Implied price

The price per tonne rose 7,875% since 1995

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

  • 2024: $445,677

Source: CEPII BACI

Show the numbers
YearUSD per tonne
1995$5,588
1996$8,618
1997—
1998—
1999—
2000$46,128
2001$57,263
2002$39,498
2003$26,431
2004$53,912
2005$79,152
2006$92,997
2007$119,194
2008$259,757
2009$276,420
2010$255,875
2011$316,077
2012$235,853
2013$409,185
2014$386,306
2015$334,598
2016$366,936
2017$388,296
2018$241,274
2019$299,012
2020$422,741
2021$564,890
2022$411,229
2023$500,904
2024$445,677

What it includes

  • 9101 · Precious metal watches
  • 9102 · Other wristwatches

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.

See all products