{
  "pageType": "HS4 subsector trade overview",
  "source": "api",
  "title": "Watch movements (HS4 9108) Trade Overview | Yugalinks",
  "description": "Review reported global trade for watch movements at HS4 9108, including scale, trend, corridors, countries, and the HS6 products within this subsector.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/9108",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks",
    "sameAs": [
      "https://in.linkedin.com/company/yugalinks"
    ]
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-27)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-27",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-27"
      }
    ]
  },
  "links": {
    "html": "https://www.yugalinks.com/trade/sector/hs4/9108/index.html",
    "markdown": "https://www.yugalinks.com/trade/sector/hs4/9108/index.md",
    "json": "https://www.yugalinks.com/trade/sector/hs4/9108/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/sector/hs4/9108/index.ld.json",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "internalLinks": {
    "workspace": "https://www.yugalinks.com/app",
    "platform": "https://www.yugalinks.com/platform",
    "methodology": "https://www.yugalinks.com/methodology",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "dataCoverage": "https://www.yugalinks.com/data-coverage",
    "responsibleAi": "https://www.yugalinks.com/responsible-ai"
  },
  "subsector": {
    "hs4": "9108",
    "name": "Watch movements"
  },
  "coverage": {
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "refreshedAt": "2026-07-20 09:34:09"
  },
  "answer": "The watch movements subsector recorded $724.4M in reported global trade in 2024, with -13.4% annual change.",
  "keyFigures": {
    "latestTradeUsd": 724390883.8027865,
    "latestAnnualChangePct": -13.39395381359681,
    "activeExporters": 114,
    "activeImporters": 184,
    "activeHs6Products": 5
  },
  "growthAndStructure": {
    "trendLabel": "Declining",
    "tradeCagr3yPct": -8.586676227509937,
    "tradeCagr5yPct": -8.109010681494366,
    "historicalPeakUsd": 2407288162.56436,
    "historicalPeakYear": 2012,
    "positiveGrowthYearSharePct": 37.93103448275862,
    "exporterConcentrationHhi": 2285.4715159150287,
    "importerConcentrationHhi": 1079.4880954077544,
    "tradeVolatilityCv": 0.3183406853239943
  },
  "annualRows": [
    {
      "year": 1995,
      "hs4": 9108,
      "global_trade_usd": 1978878037.6063182,
      "corridor_count": 923,
      "active_hs6_count": 5
    },
    {
      "year": 1996,
      "hs4": 9108,
      "global_trade_usd": 1772447566.4837558,
      "corridor_count": 1028,
      "active_hs6_count": 5
    },
    {
      "year": 1997,
      "hs4": 9108,
      "global_trade_usd": 1512633636.8443956,
      "corridor_count": 1005,
      "active_hs6_count": 5
    },
    {
      "year": 1998,
      "hs4": 9108,
      "global_trade_usd": 1275565432.3217216,
      "corridor_count": 994,
      "active_hs6_count": 5
    },
    {
      "year": 1999,
      "hs4": 9108,
      "global_trade_usd": 1223043262.1320648,
      "corridor_count": 1048,
      "active_hs6_count": 5
    },
    {
      "year": 2000,
      "hs4": 9108,
      "global_trade_usd": 1199337782.9510665,
      "corridor_count": 1272,
      "active_hs6_count": 5
    },
    {
      "year": 2001,
      "hs4": 9108,
      "global_trade_usd": 1104645076.0640857,
      "corridor_count": 1212,
      "active_hs6_count": 5
    },
    {
      "year": 2002,
      "hs4": 9108,
      "global_trade_usd": 1146898294.2724316,
      "corridor_count": 1327,
      "active_hs6_count": 5
    },
    {
      "year": 2003,
      "hs4": 9108,
      "global_trade_usd": 1181700505.5065587,
      "corridor_count": 1244,
      "active_hs6_count": 5
    },
    {
      "year": 2004,
      "hs4": 9108,
      "global_trade_usd": 1345358777.598871,
      "corridor_count": 1327,
      "active_hs6_count": 5
    },
    {
      "year": 2005,
      "hs4": 9108,
      "global_trade_usd": 1241796642.2388358,
      "corridor_count": 1333,
      "active_hs6_count": 5
    },
    {
      "year": 2006,
      "hs4": 9108,
      "global_trade_usd": 1138419293.221771,
      "corridor_count": 1383,
      "active_hs6_count": 5
    },
    {
      "year": 2007,
      "hs4": 9108,
      "global_trade_usd": 1182664451.4493604,
      "corridor_count": 1351,
      "active_hs6_count": 5
    },
    {
      "year": 2008,
      "hs4": 9108,
      "global_trade_usd": 1223595688.6826699,
      "corridor_count": 1379,
      "active_hs6_count": 5
    },
    {
      "year": 2009,
      "hs4": 9108,
      "global_trade_usd": 897432605.6649635,
      "corridor_count": 1368,
      "active_hs6_count": 5
    },
    {
      "year": 2010,
      "hs4": 9108,
      "global_trade_usd": 1185702049.2275817,
      "corridor_count": 1400,
      "active_hs6_count": 5
    },
    {
      "year": 2011,
      "hs4": 9108,
      "global_trade_usd": 1542113551.4092705,
      "corridor_count": 1460,
      "active_hs6_count": 5
    },
    {
      "year": 2012,
      "hs4": 9108,
      "global_trade_usd": 2407288162.56436,
      "corridor_count": 1532,
      "active_hs6_count": 5
    },
    {
      "year": 2013,
      "hs4": 9108,
      "global_trade_usd": 2372165467.803438,
      "corridor_count": 1568,
      "active_hs6_count": 5
    },
    {
      "year": 2014,
      "hs4": 9108,
      "global_trade_usd": 1566326266.240817,
      "corridor_count": 1608,
      "active_hs6_count": 5
    },
    {
      "year": 2015,
      "hs4": 9108,
      "global_trade_usd": 1315377508.8261387,
      "corridor_count": 1705,
      "active_hs6_count": 5
    },
    {
      "year": 2016,
      "hs4": 9108,
      "global_trade_usd": 1200387517.541215,
      "corridor_count": 1648,
      "active_hs6_count": 5
    },
    {
      "year": 2017,
      "hs4": 9108,
      "global_trade_usd": 1091042022.7431662,
      "corridor_count": 1701,
      "active_hs6_count": 5
    },
    {
      "year": 2018,
      "hs4": 9108,
      "global_trade_usd": 1175815871.4550185,
      "corridor_count": 1677,
      "active_hs6_count": 5
    },
    {
      "year": 2019,
      "hs4": 9108,
      "global_trade_usd": 1105626246.6242728,
      "corridor_count": 1739,
      "active_hs6_count": 5
    },
    {
      "year": 2020,
      "hs4": 9108,
      "global_trade_usd": 708047968.6478083,
      "corridor_count": 1689,
      "active_hs6_count": 5
    },
    {
      "year": 2021,
      "hs4": 9108,
      "global_trade_usd": 948297216.8084159,
      "corridor_count": 1843,
      "active_hs6_count": 5
    },
    {
      "year": 2022,
      "hs4": 9108,
      "global_trade_usd": 857849766.0342399,
      "corridor_count": 1935,
      "active_hs6_count": 5
    },
    {
      "year": 2023,
      "hs4": 9108,
      "global_trade_usd": 731908136.5699246,
      "corridor_count": 2010,
      "active_hs6_count": 5
    },
    {
      "year": 2024,
      "hs4": 9108,
      "global_trade_usd": 724390883.8027865,
      "corridor_count": 1942,
      "active_hs6_count": 5
    }
  ],
  "corridors": [
    {
      "hs4": 9108,
      "corridor_rank": 1,
      "exporter_iso3": "JPN",
      "importer_iso3": "CHN",
      "first_data_year": 1995,
      "latest_data_year": 2024,
      "years_with_data": 30,
      "exports_latest_usd": 134355886.00430083,
      "exports_avg_3y_usd": 136692344.19531852,
      "exports_avg_5y_usd": 141721555.95693523,
      "exports_avg_10y_usd": 190533882.67609602,
      "exports_cagr_3y_pct": -6.8237288896796695,
      "exports_cagr_5y_pct": -8.773238706186604,
      "exports_cagr_10y_pct": -6.563916766357581,
      "historical_peak_usd": 298770627.5619605,
      "historical_peak_year": 1995,
      "latest_below_peak_pct": 55.03042347212078,
      "yoy_growth_latest_pct": 5.5400013997216835,
      "positive_growth_year_share_pct": 41.37931034482759,
      "trend_acceleration_pct": -0.2598121233220887,
      "trend_label": "Declining",
      "active_hs6_count": 5,
      "access_data_year": 2024,
      "distance_km": 1763,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.3018987556787879,
      "mfn_tariff_pct": 0.3018987556787879,
      "preferential_tariff_pct": null,
      "tariff_advantage_pp": null,
      "refreshed_at": "2026-07-20 09:37:48",
      "exporter_name": "Japan",
      "importer_name": "China"
    },
    {
      "hs4": 9108,
      "corridor_rank": 2,
      "exporter_iso3": "JPN",
      "importer_iso3": "HKG",
      "first_data_year": 1995,
      "latest_data_year": 2024,
      "years_with_data": 30,
      "exports_latest_usd": 75219111.21108878,
      "exports_avg_3y_usd": 84859862.83762005,
      "exports_avg_5y_usd": 90669374.76790279,
      "exports_avg_10y_usd": 128076099.62550278,
      "exports_cagr_3y_pct": -11.52421433464539,
      "exports_cagr_5y_pct": -13.85458703018182,
      "exports_cagr_10y_pct": -11.172005306482713,
      "historical_peak_usd": 637354683.3980685,
      "historical_peak_year": 1995,
      "latest_below_peak_pct": 88.1982335471269,
      "yoy_growth_latest_pct": -3.235353174068767,
      "positive_growth_year_share_pct": 27.586206896551722,
      "trend_acceleration_pct": -0.35220902816267596,
      "trend_label": "Rapid decline",
      "active_hs6_count": 3,
      "access_data_year": 2024,
      "distance_km": 2882,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0,
      "mfn_tariff_pct": 0,
      "preferential_tariff_pct": null,
      "tariff_advantage_pp": null,
      "refreshed_at": "2026-07-20 09:37:48",
      "exporter_name": "Japan",
      "importer_name": "China, Hong Kong Special Administrative Region"
    },
    {
      "hs4": 9108,
      "corridor_rank": 3,
      "exporter_iso3": "CHN",
      "importer_iso3": "HKG",
      "first_data_year": 1995,
      "latest_data_year": 2024,
      "years_with_data": 30,
      "exports_latest_usd": 32279273.34769208,
      "exports_avg_3y_usd": 46171786.35689506,
      "exports_avg_5y_usd": 60203000.606225096,
      "exports_avg_10y_usd": 89888757.16487306,
      "exports_cagr_3y_pct": -31.110343826722307,
      "exports_cagr_5y_pct": -21.0691012785022,
      "exports_cagr_10y_pct": -13.44966457596769,
      "historical_peak_usd": 273709070.31896687,
      "historical_peak_year": 2013,
      "latest_below_peak_pct": 88.20672135195395,
      "yoy_growth_latest_pct": -8.330700683557868,
      "positive_growth_year_share_pct": 41.37931034482759,
      "trend_acceleration_pct": -17.66067925075462,
      "trend_label": "Rapid decline",
      "active_hs6_count": 5,
      "access_data_year": 2024,
      "distance_km": 1226,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "mfn_tariff_pct": 0,
      "preferential_tariff_pct": null,
      "tariff_advantage_pp": null,
      "refreshed_at": "2026-07-20 09:37:48",
      "exporter_name": "China",
      "importer_name": "China, Hong Kong Special Administrative Region"
    },
    {
      "hs4": 9108,
      "corridor_rank": 4,
      "exporter_iso3": "CHE",
      "importer_iso3": "DEU",
      "first_data_year": 1995,
      "latest_data_year": 2024,
      "years_with_data": 30,
      "exports_latest_usd": 25976133.421809256,
      "exports_avg_3y_usd": 25851239.468598586,
      "exports_avg_5y_usd": 25175917.76690396,
      "exports_avg_10y_usd": 23259024.956632763,
      "exports_cagr_3y_pct": 0.9237629491013033,
      "exports_cagr_5y_pct": 5.443562930539203,
      "exports_cagr_10y_pct": -1.4987163677072313,
      "historical_peak_usd": 30210339.462264203,
      "historical_peak_year": 2014,
      "latest_below_peak_pct": 14.015751281920888,
      "yoy_growth_latest_pct": -5.029668837218237,
      "positive_growth_year_share_pct": 65.51724137931035,
      "trend_acceleration_pct": 2.4224793168085346,
      "trend_label": "Stable",
      "active_hs6_count": 5,
      "access_data_year": 2024,
      "distance_km": 674,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.04288606249130865,
      "mfn_tariff_pct": 0.0587826368271605,
      "preferential_tariff_pct": 0.019574648181838888,
      "tariff_advantage_pp": 0.039207988645321615,
      "refreshed_at": "2026-07-20 09:37:48",
      "exporter_name": "Switzerland, Liechtenstein",
      "importer_name": "Germany"
    },
    {
      "hs4": 9108,
      "corridor_rank": 5,
      "exporter_iso3": "CHE",
      "importer_iso3": "HKG",
      "first_data_year": 1995,
      "latest_data_year": 2024,
      "years_with_data": 30,
      "exports_latest_usd": 25097613.145876296,
      "exports_avg_3y_usd": 26594764.31654681,
      "exports_avg_5y_usd": 33183080.27710756,
      "exports_avg_10y_usd": 48244150.49489818,
      "exports_cagr_3y_pct": -19.50578055033253,
      "exports_cagr_5y_pct": -12.920226561184645,
      "exports_cagr_10y_pct": -13.407632744008636,
      "historical_peak_usd": 113004379.99985287,
      "historical_peak_year": 2011,
      "latest_below_peak_pct": 77.79058374028602,
      "yoy_growth_latest_pct": 7.355965970954514,
      "positive_growth_year_share_pct": 48.275862068965516,
      "trend_acceleration_pct": -6.098147806323896,
      "trend_label": "Rapid decline",
      "active_hs6_count": 5,
      "access_data_year": 2024,
      "distance_km": 9325,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "mfn_tariff_pct": 0,
      "preferential_tariff_pct": null,
      "tariff_advantage_pp": null,
      "refreshed_at": "2026-07-20 09:37:48",
      "exporter_name": "Switzerland, Liechtenstein",
      "importer_name": "China, Hong Kong Special Administrative Region"
    },
    {
      "hs4": 9108,
      "corridor_rank": 6,
      "exporter_iso3": "CHE",
      "importer_iso3": "USA",
      "first_data_year": 1995,
      "latest_data_year": 2024,
      "years_with_data": 30,
      "exports_latest_usd": 24531635.594255358,
      "exports_avg_3y_usd": 25190138.46579677,
      "exports_avg_5y_usd": 23094074.149380904,
      "exports_avg_10y_usd": 22791711.689206086,
      "exports_cagr_3y_pct": 2.5309045275228703,
      "exports_cagr_5y_pct": 2.7789268262148115,
      "exports_cagr_10y_pct": 0.20323069268397553,
      "historical_peak_usd": 26882449.342575677,
      "historical_peak_year": 2022,
      "latest_below_peak_pct": 8.744790024014536,
      "yoy_growth_latest_pct": 1.5536512646606493,
      "positive_growth_year_share_pct": 62.06896551724138,
      "trend_acceleration_pct": 2.327673834838895,
      "trend_label": "Stable",
      "active_hs6_count": 4,
      "access_data_year": 2024,
      "distance_km": 6339,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.0467447546369697,
      "mfn_tariff_pct": 0.0467447546369697,
      "preferential_tariff_pct": null,
      "tariff_advantage_pp": null,
      "refreshed_at": "2026-07-20 09:37:48",
      "exporter_name": "Switzerland, Liechtenstein",
      "importer_name": "USA, Puerto Rico and US Virgin Islands"
    },
    {
      "hs4": 9108,
      "corridor_rank": 7,
      "exporter_iso3": "MYS",
      "importer_iso3": "SGP",
      "first_data_year": 1995,
      "latest_data_year": 2024,
      "years_with_data": 30,
      "exports_latest_usd": 23827849.483500082,
      "exports_avg_3y_usd": 29650930.93260306,
      "exports_avg_5y_usd": 19285500.63559877,
      "exports_avg_10y_usd": 10417974.462423127,
      "exports_cagr_3y_pct": 91.92299567279258,
      "exports_cagr_5y_pct": 29.4914807336643,
      "exports_cagr_10y_pct": 14.69936618533698,
      "historical_peak_usd": 35347563.940589264,
      "historical_peak_year": 2023,
      "latest_below_peak_pct": 32.5898397876896,
      "yoy_growth_latest_pct": -32.5898397876896,
      "positive_growth_year_share_pct": 44.827586206896555,
      "trend_acceleration_pct": 77.2236294874556,
      "trend_label": "Rapid growth",
      "active_hs6_count": 4,
      "access_data_year": 2024,
      "distance_km": 316,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.0035649841120444442,
      "mfn_tariff_pct": 0.0035649841120444442,
      "preferential_tariff_pct": 0,
      "tariff_advantage_pp": 0.0035649841120444442,
      "refreshed_at": "2026-07-20 09:37:48",
      "exporter_name": "Malaysia",
      "importer_name": "Singapore"
    },
    {
      "hs4": 9108,
      "corridor_rank": 8,
      "exporter_iso3": "CHE",
      "importer_iso3": "FRA",
      "first_data_year": 1995,
      "latest_data_year": 2024,
      "years_with_data": 30,
      "exports_latest_usd": 23508531.348097026,
      "exports_avg_3y_usd": 20391321.349135578,
      "exports_avg_5y_usd": 18966053.524510287,
      "exports_avg_10y_usd": 16948312.59556374,
      "exports_cagr_3y_pct": 6.716465148137041,
      "exports_cagr_5y_pct": 7.770416180777584,
      "exports_cagr_10y_pct": 3.695473008138439,
      "historical_peak_usd": 23508531.348097026,
      "historical_peak_year": 2024,
      "latest_below_peak_pct": 0,
      "yoy_growth_latest_pct": 11.775085431747012,
      "positive_growth_year_share_pct": 55.172413793103445,
      "trend_acceleration_pct": 3.0209921399986017,
      "trend_label": "Growing",
      "active_hs6_count": 4,
      "access_data_year": 2024,
      "distance_km": 487,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.043596585557123244,
      "mfn_tariff_pct": 0.059204131268686865,
      "preferential_tariff_pct": 0.019705195414795353,
      "tariff_advantage_pp": 0.03949893585389151,
      "refreshed_at": "2026-07-20 09:37:48",
      "exporter_name": "Switzerland, Liechtenstein",
      "importer_name": "France"
    },
    {
      "hs4": 9108,
      "corridor_rank": 9,
      "exporter_iso3": "HKG",
      "importer_iso3": "JPN",
      "first_data_year": 1995,
      "latest_data_year": 2024,
      "years_with_data": 30,
      "exports_latest_usd": 16214409.264971493,
      "exports_avg_3y_usd": 18591684.609127432,
      "exports_avg_5y_usd": 18002562.652852464,
      "exports_avg_10y_usd": 24432958.81641472,
      "exports_cagr_3y_pct": -5.447445009215857,
      "exports_cagr_5y_pct": -8.40149051459117,
      "exports_cagr_10y_pct": -8.835545096873076,
      "historical_peak_usd": 53926531.30920087,
      "historical_peak_year": 2012,
      "latest_below_peak_pct": 69.93240827598898,
      "yoy_growth_latest_pct": -7.6231523617995345,
      "positive_growth_year_share_pct": 44.827586206896555,
      "trend_acceleration_pct": 3.38810008765722,
      "trend_label": "Declining",
      "active_hs6_count": 4,
      "access_data_year": 2024,
      "distance_km": 2882,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.019192582961135757,
      "mfn_tariff_pct": 0.04060224438230304,
      "preferential_tariff_pct": 0.015495235011054546,
      "tariff_advantage_pp": 0.025107009371248493,
      "refreshed_at": "2026-07-20 09:37:48",
      "exporter_name": "China, Hong Kong Special Administrative Region",
      "importer_name": "Japan"
    },
    {
      "hs4": 9108,
      "corridor_rank": 10,
      "exporter_iso3": "PRK",
      "importer_iso3": "CHN",
      "first_data_year": 2017,
      "latest_data_year": 2024,
      "years_with_data": 8,
      "exports_latest_usd": 16032235.54152838,
      "exports_avg_3y_usd": 7258658.882359668,
      "exports_avg_5y_usd": 6402320.3610748425,
      "exports_avg_10y_usd": 14095828.693941362,
      "exports_cagr_3y_pct": 65.43568951396664,
      "exports_cagr_5y_pct": -19.825407513239334,
      "exports_cagr_10y_pct": null,
      "historical_peak_usd": 48396090.36365416,
      "historical_peak_year": 2019,
      "latest_below_peak_pct": 66.87287047143644,
      "yoy_growth_latest_pct": 301.67240886649483,
      "positive_growth_year_share_pct": 57.142857142857146,
      "trend_acceleration_pct": null,
      "trend_label": "Rapid growth",
      "active_hs6_count": 1,
      "access_data_year": 2024,
      "distance_km": 951,
      "has_reported_fta": 0,
      "applied_tariff_pct": null,
      "mfn_tariff_pct": null,
      "preferential_tariff_pct": null,
      "tariff_advantage_pp": null,
      "refreshed_at": "2026-07-20 09:37:48",
      "exporter_name": "Democratic People\\'s Republic of Korea",
      "importer_name": "China"
    }
  ],
  "exporters": [
    {
      "year": 2024,
      "country_iso3": "JPN",
      "hs4": 9108,
      "exports_usd": 246454246.26376575,
      "imports_usd": 45248634.25213684,
      "trade_balance_usd": 201205612.01162893,
      "export_partner_count": 87,
      "import_partner_count": 26,
      "active_hs6_count": 5,
      "country_name": "Japan"
    },
    {
      "year": 2024,
      "country_iso3": "CHE",
      "hs4": 9108,
      "exports_usd": 181939708.12702665,
      "imports_usd": 30090840.21978486,
      "trade_balance_usd": 151848867.9072418,
      "export_partner_count": 119,
      "import_partner_count": 58,
      "active_hs6_count": 5,
      "country_name": "Switzerland, Liechtenstein"
    },
    {
      "year": 2024,
      "country_iso3": "HKG",
      "hs4": 9108,
      "exports_usd": 68480068.63173611,
      "imports_usd": 157203550.67458916,
      "trade_balance_usd": -88723482.04285304,
      "export_partner_count": 83,
      "import_partner_count": 29,
      "active_hs6_count": 5,
      "country_name": "China, Hong Kong Special Administrative Region"
    },
    {
      "year": 2024,
      "country_iso3": "CHN",
      "hs4": 9108,
      "exports_usd": 62339502.24589165,
      "imports_usd": 184591335.2663049,
      "trade_balance_usd": -122251833.02041325,
      "export_partner_count": 147,
      "import_partner_count": 27,
      "active_hs6_count": 5,
      "country_name": "China"
    },
    {
      "year": 2024,
      "country_iso3": "MYS",
      "hs4": 9108,
      "exports_usd": 46207828.15789351,
      "imports_usd": 4158071.3867562474,
      "trade_balance_usd": 42049756.77113726,
      "export_partner_count": 69,
      "import_partner_count": 22,
      "active_hs6_count": 5,
      "country_name": "Malaysia"
    },
    {
      "year": 2024,
      "country_iso3": "PRK",
      "hs4": 9108,
      "exports_usd": 16032235.54152838,
      "imports_usd": 1626186,
      "trade_balance_usd": 14406049.54152838,
      "export_partner_count": 1,
      "import_partner_count": 1,
      "active_hs6_count": 1,
      "country_name": "Democratic People\\'s Republic of Korea"
    },
    {
      "year": 2024,
      "country_iso3": "THA",
      "hs4": 9108,
      "exports_usd": 15907795.213664655,
      "imports_usd": 15956961.436959181,
      "trade_balance_usd": -49166.22329452634,
      "export_partner_count": 56,
      "import_partner_count": 14,
      "active_hs6_count": 5,
      "country_name": "Thailand"
    },
    {
      "year": 2024,
      "country_iso3": "FRA",
      "hs4": 9108,
      "exports_usd": 14694694.594073026,
      "imports_usd": 31520976.446612623,
      "trade_balance_usd": -16826281.8525396,
      "export_partner_count": 70,
      "import_partner_count": 37,
      "active_hs6_count": 5,
      "country_name": "France"
    },
    {
      "year": 2024,
      "country_iso3": "GBR",
      "hs4": 9108,
      "exports_usd": 13359579.351570956,
      "imports_usd": 20066099.10446988,
      "trade_balance_usd": -6706519.752898924,
      "export_partner_count": 68,
      "import_partner_count": 37,
      "active_hs6_count": 5,
      "country_name": "United Kingdom"
    },
    {
      "year": 2024,
      "country_iso3": "USA",
      "hs4": 9108,
      "exports_usd": 11242495.854091544,
      "imports_usd": 30697980.151077364,
      "trade_balance_usd": -19455484.29698582,
      "export_partner_count": 107,
      "import_partner_count": 44,
      "active_hs6_count": 5,
      "country_name": "USA, Puerto Rico and US Virgin Islands"
    }
  ],
  "importers": [
    {
      "year": 2024,
      "country_iso3": "CHN",
      "hs4": 9108,
      "exports_usd": 62339502.24589165,
      "imports_usd": 184591335.2663049,
      "trade_balance_usd": -122251833.02041325,
      "export_partner_count": 147,
      "import_partner_count": 27,
      "active_hs6_count": 5,
      "country_name": "China"
    },
    {
      "year": 2024,
      "country_iso3": "HKG",
      "hs4": 9108,
      "exports_usd": 68480068.63173611,
      "imports_usd": 157203550.67458916,
      "trade_balance_usd": -88723482.04285304,
      "export_partner_count": 83,
      "import_partner_count": 29,
      "active_hs6_count": 5,
      "country_name": "China, Hong Kong Special Administrative Region"
    },
    {
      "year": 2024,
      "country_iso3": "JPN",
      "hs4": 9108,
      "exports_usd": 246454246.26376575,
      "imports_usd": 45248634.25213684,
      "trade_balance_usd": 201205612.01162893,
      "export_partner_count": 87,
      "import_partner_count": 26,
      "active_hs6_count": 5,
      "country_name": "Japan"
    },
    {
      "year": 2024,
      "country_iso3": "DEU",
      "hs4": 9108,
      "exports_usd": 5770689.60747613,
      "imports_usd": 32085689.26682937,
      "trade_balance_usd": -26314999.65935324,
      "export_partner_count": 77,
      "import_partner_count": 46,
      "active_hs6_count": 5,
      "country_name": "Germany"
    },
    {
      "year": 2024,
      "country_iso3": "FRA",
      "hs4": 9108,
      "exports_usd": 14694694.594073026,
      "imports_usd": 31520976.446612623,
      "trade_balance_usd": -16826281.8525396,
      "export_partner_count": 70,
      "import_partner_count": 37,
      "active_hs6_count": 5,
      "country_name": "France"
    },
    {
      "year": 2024,
      "country_iso3": "USA",
      "hs4": 9108,
      "exports_usd": 11242495.854091544,
      "imports_usd": 30697980.151077364,
      "trade_balance_usd": -19455484.29698582,
      "export_partner_count": 107,
      "import_partner_count": 44,
      "active_hs6_count": 5,
      "country_name": "USA, Puerto Rico and US Virgin Islands"
    },
    {
      "year": 2024,
      "country_iso3": "CHE",
      "hs4": 9108,
      "exports_usd": 181939708.12702665,
      "imports_usd": 30090840.21978486,
      "trade_balance_usd": 151848867.9072418,
      "export_partner_count": 119,
      "import_partner_count": 58,
      "active_hs6_count": 5,
      "country_name": "Switzerland, Liechtenstein"
    },
    {
      "year": 2024,
      "country_iso3": "SGP",
      "hs4": 9108,
      "exports_usd": 11033912.709524196,
      "imports_usd": 28975814.42487892,
      "trade_balance_usd": -17941901.715354726,
      "export_partner_count": 66,
      "import_partner_count": 25,
      "active_hs6_count": 5,
      "country_name": "Singapore"
    },
    {
      "year": 2024,
      "country_iso3": "GBR",
      "hs4": 9108,
      "exports_usd": 13359579.351570956,
      "imports_usd": 20066099.10446988,
      "trade_balance_usd": -6706519.752898924,
      "export_partner_count": 68,
      "import_partner_count": 37,
      "active_hs6_count": 5,
      "country_name": "United Kingdom"
    },
    {
      "year": 2024,
      "country_iso3": "IND",
      "hs4": 9108,
      "exports_usd": 1414414.6859324728,
      "imports_usd": 19508022.213939395,
      "trade_balance_usd": -18093607.528006922,
      "export_partner_count": 44,
      "import_partner_count": 21,
      "active_hs6_count": 5,
      "country_name": "India"
    }
  ],
  "products": [
    {
      "hs_code": "910811",
      "product_name": "Watch movements: complete and assembled, electrically operated, with mechanical display only or with a device to which a mechanical display can be incorporated"
    },
    {
      "hs_code": "910812",
      "product_name": "Watch movements: complete and assembled, electrically operated, by means of solar cells, with opto-electronic display"
    },
    {
      "hs_code": "910819",
      "product_name": "Watch movements: complete and assembled, electrically operated, by means of solar cells, without mechanical display or device including such or opto-electronic display"
    },
    {
      "hs_code": "910820",
      "product_name": "Watch movements: complete and assembled, with automatic winding"
    },
    {
      "hs_code": "910890",
      "product_name": "Watch movements: complete and assembled, not automatic winding or electrically operated"
    },
    {
      "hs_code": "910891",
      "product_name": "Watch movements: complete and assembled, (not automatic winding or battery or accumulator powered), measuring 33.8mm or less"
    },
    {
      "hs_code": "910899",
      "product_name": "Watch movements: complete and assembled, (not automatic winding or battery or accumulator powered), measuring more than 33.8mm"
    }
  ],
  "methodology": {
    "reportedValues": "Merchandise trade observations aggregated to HS4.",
    "calculatedIndicators": "Growth, concentration, volatility, and peak comparisons calculated from reported observations.",
    "missingData": "Missing values remain unavailable and are not imputed."
  }
}