Latest trade
$724.4MGlobal subsector valueHS4 subsector intelligence
Watch movements
HS4 9108 trade overview
A focused view of this HS4 subsector: market scale, momentum, leading routes, countries, and the HS6 classifications inside it.
The numbers at a glanceLatest reported year · 2024
Annual change
-13.4%Latest year on yearExporters
114Active reporting countriesImporters
184Active reporting countriesHS6 products
5Classifications inside HS4The subsector read
$724.4M in trade, with -8.6% annualized growth over three years.
Watch movements is recorded across 1,942 active corridors, with 114 exporters and 184 importers.
Annual trend
Subsector momentum over time
Reported global trade from 1995 to 2024. Read the methodology ↗
Top trade corridors
Where the subsector moves
Leading exporter-to-importer relationships by latest reported value. See data sources ↗
Latest reported relationshipsTop 10 by trade value
| Rank | Exporter | Importer | Trade value | Growth | HS6 | Distance | FTA |
|---|---|---|---|---|---|---|---|
| 1 | JapanJPN | ChinaCHN | $134.4M | -6.8% | 5 | 1,763 km | No |
| 2 | JapanJPN | China, Hong Kong Special Administrative RegionHKG | $75.2M | -11.5% | 3 | 2,882 km | No |
| 3 | ChinaCHN | China, Hong Kong Special Administrative RegionHKG | $32.3M | -31.1% | 5 | 1,226 km | Yes |
| 4 | Switzerland, LiechtensteinCHE | GermanyDEU | $26.0M | +0.9% | 5 | 674 km | Yes |
| 5 | Switzerland, LiechtensteinCHE | China, Hong Kong Special Administrative RegionHKG | $25.1M | -19.5% | 5 | 9,325 km | Yes |
| 6 | Switzerland, LiechtensteinCHE | USA, Puerto Rico and US Virgin IslandsUSA | $24.5M | +2.5% | 4 | 6,339 km | No |
| 7 | MalaysiaMYS | SingaporeSGP | $23.8M | +91.9% | 4 | 316 km | Yes |
| 8 | Switzerland, LiechtensteinCHE | FranceFRA | $23.5M | +6.7% | 4 | 487 km | Yes |
| 9 | China, Hong Kong Special Administrative RegionHKG | JapanJPN | $16.2M | -5.4% | 4 | 2,882 km | No |
| 10 | Democratic People\'s Republic of KoreaPRK | ChinaCHN | $16.0M | +65.4% | 1 | 951 km | No |
Market structure
Where supply and demand concentrate
Exporter and importer rankings show the two sides of the subsector separately. Check coverage ↗
| Rank | Country | Exports | Partners | HS6 |
|---|---|---|---|---|
| 1 | JapanJPN | $246.5M | 87 | 5 |
| 2 | Switzerland, LiechtensteinCHE | $181.9M | 119 | 5 |
| 3 | China, Hong Kong Special Administrative RegionHKG | $68.5M | 83 | 5 |
| 4 | ChinaCHN | $62.3M | 147 | 5 |
| 5 | MalaysiaMYS | $46.2M | 69 | 5 |
| 6 | Democratic People\'s Republic of KoreaPRK | $16.0M | 1 | 1 |
| 7 | ThailandTHA | $15.9M | 56 | 5 |
| 8 | FranceFRA | $14.7M | 70 | 5 |
| 9 | United KingdomGBR | $13.4M | 68 | 5 |
| 10 | USA, Puerto Rico and US Virgin IslandsUSA | $11.2M | 107 | 5 |
| Rank | Country | Imports | Partners | HS6 |
|---|---|---|---|---|
| 1 | ChinaCHN | $184.6M | 27 | 5 |
| 2 | China, Hong Kong Special Administrative RegionHKG | $157.2M | 29 | 5 |
| 3 | JapanJPN | $45.2M | 26 | 5 |
| 4 | GermanyDEU | $32.1M | 46 | 5 |
| 5 | FranceFRA | $31.5M | 37 | 5 |
| 6 | USA, Puerto Rico and US Virgin IslandsUSA | $30.7M | 44 | 5 |
| 7 | Switzerland, LiechtensteinCHE | $30.1M | 58 | 5 |
| 8 | SingaporeSGP | $29.0M | 25 | 5 |
| 9 | United KingdomGBR | $20.1M | 37 | 5 |
| 10 | IndiaIND | $19.5M | 21 | 5 |
HS6 product coverage
The products inside HS4 9108
Six-digit classifications make the subsector specific. Browse the product workspace ↗
7 classifications shownWatch movements
Watch movements: complete and assembled, electrically operated, with mechanical display only or with a device to which a mechanical display can be incorporatedHS6 910811
Watch movements: complete and assembled, electrically operated, by means of solar cells, with opto-electronic displayHS6 910812
Watch movements: complete and assembled, electrically operated, by means of solar cells, without mechanical display or device including such or opto-electronic displayHS6 910819
Watch movements: complete and assembled, with automatic windingHS6 910820
Watch movements: complete and assembled, not automatic winding or electrically operatedHS6 910890
Watch movements: complete and assembled, (not automatic winding or battery or accumulator powered), measuring 33.8mm or lessHS6 910891
Watch movements: complete and assembled, (not automatic winding or battery or accumulator powered), measuring more than 33.8mmHS6 910899
Definitions and coverage
Read the numbers with context
Reported observations and calculated indicators should be read with their coverage period. Responsible AI principles ↗
Reported values
Trade values describe reported merchandise trade for the HS4 classification, not company-level sales or shipment records.
Calculated indicators
Growth, concentration, volatility, and peak comparisons are calculated from reported observations.
Missing data
Unavailable observations remain unavailable. They are not filled, interpolated, or presented as forecasts.
Coverage: 1995-2024 · Data refreshed 2026-07-20 09:34:09
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.