Precious Metal Watches in China | The Observatory of Economic Complexity

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Exports In 2022, China exported $198M in Precious Metal Watches, making it the 10th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 771st most exported product in China. The main destination of Precious Metal Watches exports from China are: Switzerland ($43.2M), United Arab Emirates ($41.4M), Hong Kong ($39.3M), Poland ($7.07M), and United States ($5.64M).

The fastest growing export markets for Precious Metal Watches of China between 2021 and 2022 were United Arab Emirates ($25.1M), United States ($2.58M), and Australia ($2.15M).

Imports In 2022, China imported $984M in Precious Metal Watches, becoming the 4th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 226th most imported product in China. China imports Precious Metal Watches primarily from: Switzerland ($795M), Singapore ($88.2M), United Arab Emirates ($63.7M), Hong Kong ($14.6M), and France ($4.02M).

The fastest growing import markets in Precious Metal Watches for China between 2021 and 2022 were Singapore ($78M), United Arab Emirates ($62.2M), and Thailand ($185k).

COMPANIES In 2023, leading companies such as GLOBAL ETRADE SERVICES INC (579), ROBERT BOSCH LLC (51), and ELECTROLUX HOME PRODUCTS, INC. (28) were at the forefront of shipping Precious Metal Watches from China to the United States.

Latest Trends

February 2024

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Overview In February 2024 China's Precious Metal Watches exports accounted up to $3.9M and imports accounted up to $68.1M, resulting in a negative trade balance of $64.2M. Between February 2023 and February 2024 the exports of China's Precious Metal Watches have decreased by $-7.63M (-66.2%) from $11.5M to $3.9M, while imports decreased by $-6.57M (-8.8%) from $74.7M to $68.1M.

Destinations In February 2024, Precious Metal Watches were exported mostly to Hong Kong ($2.69M), Switzerland ($938k), Singapore ($84.8k), Germany ($70.1k), and Malaysia ($32.8k), and were imported mostly from Switzerland ($63.8M), France ($3.56M), Germany ($739k), Italy ($851), and Japan ($738).

Growth In February 2024, the decrease in Precious Metal Watches's year-by-year exports was explained primarily by a decrease in exports to Switzerland ($-3.83M or -96.7%), Hong Kong ($-3.16M or -46.3%), and France ($-154k or -67.4%). In February 2024, the decrease in Precious Metal Watches's year-by-year imports was explained primarily by a decrease in imports from Switzerland ($-8.5M or -11.5%), France ($-154k or -6.09%), and Germany ($-55.9k or -7.93%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-7.63M(-66.2%)

IMPORT GROWTH (February 2023 - February 2024)$-6.57M(-8.8%)

MAIN EXPORTER (February 2024)Shanghai Province$5.87M

MAIN DESTINATION (February 2024)Hong Kong$2.69M

This section shows Precious Metal Watches's exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Precious Metal Watches over time.

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