Clocks, watches, & parts in Portugal | The Observatory of Economic Complexity

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Exports In 2022, Portugal exported $183M in Clocks, watches, & parts, making it the 21st largest exporter of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 59th most exported product in Portugal. The main destination of Clocks, watches, & parts exports from Portugal are: Switzerland ($53.5M), United States ($36.4M), Hong Kong ($22.5M), France ($22.3M), and Spain ($11.5M).

The fastest growing export markets for Clocks, watches, & parts of Portugal between 2021 and 2022 were United States ($12M), France ($8.33M), and Switzerland ($5.23M).

Imports In 2022, Portugal imported $315M in Clocks, watches, & parts, becoming the 29th largest importer of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 56th most imported product in Portugal. Portugal imports Clocks, watches, & parts primarily from: France ($121M), Switzerland ($83.7M), Spain ($50.1M), Germany ($17M), and China ($13.2M).

The fastest growing import markets in Clocks, watches, & parts for Portugal between 2021 and 2022 were France ($15.5M), Switzerland ($8.12M), and China ($6.2M).

Latest Trends

February 2024

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Overview In February 2024 Portugal's Clocks, watches, & parts exports accounted up to €10.1M and imports accounted up to €20.9M, resulting in a negative trade balance of €10.9M. Between February 2023 and February 2024 the exports of Portugal's Clocks, watches, & parts have decreased by €-1.41M (-12.3%) from €11.5M to €10.1M, while imports increased by €3.81M (22.3%) from €17.1M to €20.9M.

Destinations In February 2024, Clocks, watches, & parts were exported mostly to Hong Kong (€2.82M), Switzerland (€1.63M), United States (€1.5M), France (€1.25M), and Spain (€1.05M), and were imported mostly from France (€9.39M), Spain (€6.02M), Switzerland (€1.44M), Italy (€1.11M), and Germany (€1.09M).

Growth In February 2024, the decrease in Clocks, watches, & parts's year-by-year exports was explained primarily by a decrease in exports to United States (€-1.17M or -51.5%), Hong Kong (€-446k or -15.7%), and Spain (€-161k or -14.4%). In February 2024, the increase in Clocks, watches, & parts's year-by-year imports was explained primarily by an increase in imports from Spain (€724k or 24.6%), China (€450k or 73.9%), and Switzerland (€262k or 33.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-1.41M(-12.3%)

IMPORT GROWTH (February 2023 - February 2024)€3.81M(22.3%)

MAIN DESTINATION (February 2024)Hong Kong€2.82M

This section shows Clocks, watches, & parts's exports and imports data at subnational level for Portugal. 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 Clocks, watches, & parts over time.

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