Watch movements trade by country: top importers, exporters and prices
World trade in watch movements was worth $767.7 million in 2024, about 14.5 thousand tonnes. That is a fall of 39% since 2017, and down 3% on 2023.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
World trade by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $767.7M | 14.5K t |
| 2023 | $788.3M | 19.9K t |
| 2022 | $906.0M | 5.8K t |
| 2021 | $974.8M | 4.0K t |
| 2020 | $764.4M | 3.3K t |
| 2019 | $1.15B | 15.4K t |
| 2018 | $1.33B | 18.4K t |
| 2017 | $1.25B | 4.1K t |
Top watch movements exporting countries
Japan is the largest exporter with 38% of world exports, followed by Switzerland and China. The top three supply 71% between them, out of 106 exporting countries.
| Exporter | Value | Share |
|---|---|---|
| Japan | $289.0M | 38% |
| Switzerland | $179.9M | 23% |
| China | $75.4M | 9.8% |
| Hong Kong | $46.1M | 6% |
| Malaysia | $29.9M | 3.9% |
| United Kingdom | $21.8M | 2.8% |
| Thailand | $19.7M | 2.6% |
| France | $17.3M | 2.3% |
| Singapore | $16.6M | 2.2% |
| Dem. People's Rep. of Korea | $16.3M | 2.1% |
| United States | $12.3M | 1.6% |
| Netherlands | $9.0M | 1.2% |
Top importing countries and buyer markets
Hong Kong is the biggest buyer with 36% of world imports, ahead of China and the United States. Demand is concentrated: the top three take 54% across 182 importing countries.
| Importer | Value | Share |
|---|---|---|
| Hong Kong | $279.0M | 36% |
| China | $99.5M | 13% |
| United States | $38.3M | 5% |
| Macao | $38.1M | 5% |
| Japan | $34.1M | 4.5% |
| Switzerland | $33.9M | 4.4% |
| Germany | $33.3M | 4.3% |
| France | $28.3M | 3.7% |
| United Kingdom | $19.9M | 2.6% |
| India | $19.8M | 2.6% |
| Netherlands | $18.9M | 2.5% |
| Singapore | $15.1M | 2% |
Average price per kg
The world average declared value was about $52.84 per kg in 2024. Among the main exporters, Switzerland averaged $2,100.04 per kg and Malaysia $3.58 per kg, so grade and origin matter.
Declared value divided by weight, all 2024 shipments worldwide. Prices per shipment and per company are in EximDataX.
Who is behind these numbers in this market?
Public statistics stop at country totals and the last published year. EximDataX shows the shipment records underneath: the companies, dates, quantities and declared values, updated weekly.
Shipment records are in the platform
Tell us what you trade and we will show you the latest records on a live call.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 9108: Watch movements; complete and assembled. HS 9108 codes.
Common questions
Which countries export the most watch movements?
Japan exported $289.0 million in 2024, 38% of the world total, followed by Switzerland (23%) and China (10%). In all, 106 countries reported exports of this product. The full ranking and map are on this page.
Which countries import the most watch movements?
Hong Kong imported $279.0 million in 2024, 36% of world imports, ahead of China (13%) and the United States (5%). The top three importers together take 54%. Each country with its own page is linked from the table.
How big is the world trade in watch movements?
It was worth $767.7 million in 2024, about 14.5 thousand tonnes. That is a fall of 39% since 2017. The peak year was 2018 at $1.33 billion. 106 countries reported exports and 182 reported imports.
What is the average price of watch movements per kg?
The world average declared value was about $52.84 per kg in 2024. Among the main exporters, Switzerland averaged $2,100.04 per kg and Malaysia $3.58 per kg, so grade and origin matter. It is total declared value divided by total weight, so treat it as a benchmark, not a quote.
What is the HS code for watch movements?
The HS code for watch movements is heading 9108, in chapter 91 (clocks and watches and parts thereof). Customs uses this code worldwide at the six-digit level; national tariffs add more digits. The full list of codes is on the HS 9108 page.
How can I find watch movements buyers and suppliers?
Public statistics stop at country totals. EximDataX shows the importers and exporters behind this trade from shipment-level customs records, updated weekly, with direct customs feeds and mirror data. Tell us your product and we will show you the latest records on a live call.
See what your buyers are buying.Then decide.
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