# Clocks and watches (HS2 91) Sector Trade Overview | Yugalinks

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Clocks and watches at HS2 91, with reported global trade through 2024.

Canonical: https://www.yugalinks.com/trade/sector/hs2/91

## Answer

The clocks and watches sector recorded $56.2B in reported global trade in 2024, with +0.5% annual change.

## Key figures

| Measure | Value |
| --- | --- |
| Latest reported trade | $56.2B |
| Latest annual change | +0.5% |
| Active exporters | 195 |
| Active importers | 200 |
| Active HS6 products | 48 |

## Annual trend

| Year | Global trade | Corridors | HS6 products |
| --- | ---: | ---: | ---: |
| 1995 | $21.6B | 4,805 | 49 |
| 1996 | $21.1B | 4,945 | 49 |
| 1997 | $20.5B | 4,910 | 49 |
| 1998 | $19.3B | 5,119 | 49 |
| 1999 | $18.9B | 5,377 | 49 |
| 2000 | $19.0B | 6,520 | 49 |
| 2001 | $18.2B | 6,631 | 49 |
| 2002 | $19.0B | 6,783 | 49 |
| 2003 | $20.7B | 6,964 | 49 |
| 2004 | $23.4B | 7,157 | 49 |
| 2005 | $24.3B | 7,197 | 49 |
| 2006 | $26.0B | 7,648 | 49 |
| 2007 | $30.1B | 7,610 | 49 |
| 2008 | $34.0B | 7,828 | 49 |
| 2009 | $27.6B | 7,799 | 49 |
| 2010 | $34.4B | 8,015 | 49 |
| 2011 | $44.5B | 8,181 | 49 |
| 2012 | $48.2B | 8,538 | 49 |
| 2013 | $49.7B | 8,494 | 49 |
| 2014 | $51.7B | 8,747 | 49 |
| 2015 | $50.4B | 8,779 | 49 |
| 2016 | $45.4B | 8,955 | 49 |
| 2017 | $45.1B | 9,044 | 49 |
| 2018 | $47.4B | 9,249 | 49 |
| 2019 | $47.4B | 9,407 | 49 |
| 2020 | $38.4B | 9,188 | 49 |
| 2021 | $51.1B | 9,616 | 49 |
| 2022 | $52.9B | 9,818 | 48 |
| 2023 | $55.7B | 9,401 | 48 |
| 2024 | $56.2B | 9,427 | 48 |

## Growth and market structure

- Trend: Growing
- Three-year CAGR: +3.2%
- Five-year CAGR: +3.5%
- Historical peak: $56.2B in 2,024
- Positive-growth years: 58.6%
- Exporter concentration HHI: 2,822.1
- Importer concentration HHI: 1,162.7
- Trade volatility coefficient: 0.4

## Leading corridors

| Rank | Exporter | Importer | Trade value | Growth | HS6 products | Distance | FTA |
| ---: | --- | --- | ---: | ---: | ---: | ---: | --- |
| 1 | Switzerland, Liechtenstein | USA, Puerto Rico and US Virgin Islands | $5.8B | +11.5% | 47 | 6,339 km | No |
| 2 | Switzerland, Liechtenstein | China | $2.6B | -12% | 47 | 9,034 km | Yes |
| 3 | Switzerland, Liechtenstein | Japan | $2.5B | +11.1% | 47 | 9,605 km | Yes |
| 4 | Switzerland, Liechtenstein | France | $2.2B | +15.6% | 47 | 487 km | Yes |
| 5 | Switzerland, Liechtenstein | Singapore | $2.0B | +9.2% | 47 | 10,308 km | Yes |
| 6 | Switzerland, Liechtenstein | United Kingdom | $1.9B | +9.3% | 48 | 777 km | Yes |
| 7 | Switzerland, Liechtenstein | United Arab Emirates | $1.7B | +11.3% | 48 | 4,768 km | No |
| 8 | Switzerland, Liechtenstein | Germany | $1.7B | +9.5% | 48 | 674 km | Yes |
| 9 | Switzerland, Liechtenstein | Italy | $1.1B | +7.7% | 47 | 684 km | Yes |
| 10 | Japan | China, Hong Kong Special Administrative Region | $1.0B | +10.4% | 42 | 2,882 km | No |

## Leading exporters

| Rank | Country | Exports | Partners | HS6 products |
| ---: | --- | ---: | ---: | ---: |
| 1 | Switzerland, Liechtenstein | $31.7B | 170 | 48 |
| 2 | China | $6.0B | 199 | 48 |
| 3 | France | $2.4B | 171 | 48 |
| 4 | China, Hong Kong Special Administrative Region | $2.1B | 171 | 48 |
| 5 | Japan | $2.0B | 149 | 48 |
| 6 | Germany | $1.7B | 169 | 48 |
| 7 | Singapore | $1.6B | 131 | 48 |
| 8 | USA, Puerto Rico and US Virgin Islands | $1.2B | 173 | 48 |
| 9 | Italy | $905.1M | 156 | 48 |
| 10 | United Kingdom | $812.4M | 164 | 48 |

## Leading importers

| Rank | Country | Imports | Partners | HS6 products |
| ---: | --- | ---: | ---: | ---: |
| 1 | USA, Puerto Rico and US Virgin Islands | $7.5B | 126 | 48 |
| 2 | China, Hong Kong Special Administrative Region | $4.8B | 99 | 48 |
| 3 | Switzerland, Liechtenstein | $3.8B | 136 | 48 |
| 4 | China | $3.4B | 100 | 48 |
| 5 | Japan | $3.3B | 71 | 48 |
| 6 | France | $2.9B | 136 | 48 |
| 7 | Germany | $2.7B | 122 | 48 |
| 8 | Singapore | $2.5B | 95 | 48 |
| 9 | United Kingdom | $2.4B | 106 | 48 |
| 10 | United Arab Emirates | $2.1B | 111 | 48 |

## HS6 products

- Wrist-watches: electrically operated, with or without a stop-watch, with case of precious metal or of metal clad with precious metal, with mechanical display only (HS6 910111)
- Wrist-watches: battery or accumulator powered, with or without a stop-watch, with case of precious metal or of metal clad with precious metal, with opto-electronic display only (HS6 910112)
- Wrist-watches: electrically operated, with or without a stop-watch, with case of precious metal or metal clad with precious metal, without mechanical or opto-electronic display (HS6 910119)
- Wrist-watches: (not electrically operated), automatic winding, whether or not incorporating a stop-watch facility, case of precious metal or of metal clad with precious metal (HS6 910121)
- Wrist-watches: (not electrically operated), (not automatic winding), whether or not incorporating a stop-watch facility, case of precious metal or of metal clad with precious metal (HS6 910129)
- Pocket-watches and other watches, including stop-watches: (excluding wrist-watches), with case of precious metal or of metal clad with precious metal, electrically operated (HS6 910191)
- Pocket-watches and other watches, including stop-watches: (excluding wrist-watches), with case of precious metal or of metal clad with precious metal, not electrically operated (HS6 910199)
- Wrist-watches: electrically operated, with or without a stop-watch, (other than those of heading no. 9101) with mechanical display only (HS6 910211)
- Wrist-watches: electrically operated, with or without a stop-watch, (other than those of heading no. 9101) with opto-electronic display only (HS6 910212)
- Wrist-watches: electrically operated, with or without a stop-watch, (other than those of heading no. 9101) without mechanical or opto-electronic display (HS6 910219)
- Wrist-watches: whether or not incorporating a stop-watch facility, with automatic winding (HS6 910221)
- Wrist-watches: whether or not incorporating a stop-watch facility, with other than automatic winding (HS6 910229)
- Pocket watches and other watches, including stop-watches: battery or accumulator powered (HS6 910291)
- Pocket watches and other watches, including stop-watches: (excluding wrist-watches), other than those of heading no. 9101, other than electrically operated (HS6 910299)
- Clocks: with watch movements, electrically operated, excluding clocks of heading no. 9104 (HS6 910310)
- Clocks: with watch movements, other than electrically operated, excluding clocks of heading no. 9104 (HS6 910390)
- Clocks: instrument panel clocks and clocks of a similar type for vehicles, aircraft, spacecraft or vessels (HS6 910400)
- Clocks: (excluding those with watch movements and instrument panel clocks), alarm clocks, electrically operated (HS6 910511)
- Clocks: (excluding those with watch movements and instrument panel clocks), alarm clocks, other than electrically operated (HS6 910519)
- Clocks: (excluding those with watch movements and instrument panel clocks), wall clocks, electrically operated (HS6 910521)
- Clocks: (excluding those with watch movements and instrument panel clocks), wall clocks, other than electrically operated (HS6 910529)
- Clocks: (excluding those with watch movements and instrument panel clocks), (other than alarm or wall clocks), electrically operated (HS6 910591)
- Clocks: (other than alarm or wall clocks), other than battery, accumulator or mains powered (HS6 910599)
- Time recording apparatus: time-registers, time recorders, with clock, watch movement or synchronous motor (HS6 910610)
- Parking meters (HS6 910620)
- Time recording apparatus: with clock or watch movement or with synchronous motor, n.e.s. in heading no. 9106 (HS6 910690)
- Time switches: with clock, watch movement or synchronous motor (HS6 910700)
- Watch movements: complete and assembled, electrically operated, with mechanical display only or with a device to which a mechanical display can be incorporated (HS6 910811)
- Watch movements: complete and assembled, electrically operated, by means of solar cells, with opto-electronic display (HS6 910812)
- Watch movements: complete and assembled, electrically operated, by means of solar cells, without mechanical display or device including such or opto-electronic display (HS6 910819)
- Watch movements: complete and assembled, with automatic winding (HS6 910820)
- Watch movements: complete and assembled, not automatic winding or electrically operated (HS6 910890)
- Watch movements: complete and assembled, (not automatic winding or battery or accumulator powered), measuring 33.8mm or less (HS6 910891)
- Watch movements: complete and assembled, (not automatic winding or battery or accumulator powered), measuring more than 33.8mm (HS6 910899)
- Clock movements: complete and assembled, electrically operated (HS6 910910)
- Clock movements: complete and assembled, of alarm clocks, electrically operated (HS6 910911)
- Clock movements: complete and assembled, (other than of alarm clocks), electrically operated (HS6 910919)
- Clock movements: complete and assembled, other than electrically operated (HS6 910990)
- Watches: complete movements, unassembled or partly assembled (movement sets) (HS6 911011)
- Watches: incomplete movements, assembled (HS6 911012)
- Watches: rough movements (HS6 911019)
- Clocks: movements, whether or not complete, incomplete, assembled or unassembled (HS6 911090)
- Watch cases: of precious metal or of metal clad with precious metal (HS6 911110)
- Watch cases: of base metal, whether or not gold-plated or silver-plated (HS6 911120)
- Watch cases: n.e.s. in heading no. 9111 (HS6 911180)
- Watch cases and parts thereof (HS6 911190)
- Clock cases and similar cases for other goods of chapter 91: of metal, other than watch cases (HS6 911210)
- Clock cases and similar cases for other goods of chapter 91: other than watch cases (HS6 911220)
- Clock cases and similar cases for other goods of chapter 91: excluding those made of metal, other than watch cases (HS6 911280)
- Clock cases and similar cases for other goods of chapter 91: other than watch cases, parts thereof (HS6 911290)
- Watch straps, watch bands, watch bracelets, and parts thereof: of precious metal or of metal clad with precious metal (HS6 911310)
- Watch straps, watch bands, watch bracelets, and parts thereof: of base metal, whether or not gold- or silver-plated (HS6 911320)
- Watch straps, watch bands, watch bracelets, and parts thereof: n.e.s. in heading no. 9113 (HS6 911390)
- Clock or watch parts: springs, including hairsprings (HS6 911410)
- Clock or watch parts: jewels (HS6 911420)
- Clock or watch parts: dials (HS6 911430)
- Clock or watch parts: plates and bridges (HS6 911440)
- Clock or watch parts: n.e.s. in heading no. 9114 (HS6 911490)

## Definitions and coverage

Merchandise trade observations aggregated to HS2. Growth, concentration, volatility, and peak comparisons calculated from reported observations. Missing values remain unavailable and are not imputed.

Reported observations cover 1995-2024. The data release was refreshed 2026-07-20 09:34:08.

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## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). [OECD Data Explorer](https://data-explorer.oecd.org/) · [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) · [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) · [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.