{
  "pageType": "HS4 subsector trade overview",
  "source": "api",
  "title": "Watches (HS4 9110) Trade Overview | Yugalinks",
  "description": "Review reported global trade for watches at HS4 9110, including scale, trend, corridors, countries, and the HS6 products within this subsector.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/9110",
  "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/hs4/9110/index.html",
    "markdown": "https://www.yugalinks.com/trade/sector/hs4/9110/index.md",
    "json": "https://www.yugalinks.com/trade/sector/hs4/9110/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/sector/hs4/9110/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": "9110",
    "name": "Watches"
  },
  "coverage": {
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "refreshedAt": "2026-07-20 09:34:09"
  },
  "answer": "The watches subsector recorded $303.3M in reported global trade in 2024, with -4.5% annual change.",
  "keyFigures": {
    "latestTradeUsd": 303251736.9214345,
    "latestAnnualChangePct": -4.522406687653779,
    "activeExporters": 88,
    "activeImporters": 158,
    "activeHs6Products": 4
  },
  "growthAndStructure": {
    "trendLabel": "Declining",
    "tradeCagr3yPct": -5.524602040796866,
    "tradeCagr5yPct": -6.370532809168927,
    "historicalPeakUsd": 659924737.937645,
    "historicalPeakYear": 1995,
    "positiveGrowthYearSharePct": 55.172413793103445,
    "exporterConcentrationHhi": 2827.027380610892,
    "importerConcentrationHhi": 2770.9798553390597,
    "tradeVolatilityCv": 0.2303586995388697
  },
  "annualRows": [
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      "year": 1995,
      "hs4": 9110,
      "global_trade_usd": 659924737.937645,
      "corridor_count": 823,
      "active_hs6_count": 4
    },
    {
      "year": 1996,
      "hs4": 9110,
      "global_trade_usd": 498190236.32457453,
      "corridor_count": 892,
      "active_hs6_count": 4
    },
    {
      "year": 1997,
      "hs4": 9110,
      "global_trade_usd": 504967457.25431085,
      "corridor_count": 893,
      "active_hs6_count": 4
    },
    {
      "year": 1998,
      "hs4": 9110,
      "global_trade_usd": 448720289.95976734,
      "corridor_count": 904,
      "active_hs6_count": 4
    },
    {
      "year": 1999,
      "hs4": 9110,
      "global_trade_usd": 391159761.53848976,
      "corridor_count": 952,
      "active_hs6_count": 4
    },
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      "year": 2000,
      "hs4": 9110,
      "global_trade_usd": 425795266.6952493,
      "corridor_count": 1003,
      "active_hs6_count": 4
    },
    {
      "year": 2001,
      "hs4": 9110,
      "global_trade_usd": 326709367.81206566,
      "corridor_count": 1008,
      "active_hs6_count": 4
    },
    {
      "year": 2002,
      "hs4": 9110,
      "global_trade_usd": 307073301.3929788,
      "corridor_count": 981,
      "active_hs6_count": 4
    },
    {
      "year": 2003,
      "hs4": 9110,
      "global_trade_usd": 337086140.584864,
      "corridor_count": 950,
      "active_hs6_count": 4
    },
    {
      "year": 2004,
      "hs4": 9110,
      "global_trade_usd": 311380983.6391411,
      "corridor_count": 1025,
      "active_hs6_count": 4
    },
    {
      "year": 2005,
      "hs4": 9110,
      "global_trade_usd": 266644779.75534838,
      "corridor_count": 1032,
      "active_hs6_count": 4
    },
    {
      "year": 2006,
      "hs4": 9110,
      "global_trade_usd": 278207971.77150106,
      "corridor_count": 1031,
      "active_hs6_count": 4
    },
    {
      "year": 2007,
      "hs4": 9110,
      "global_trade_usd": 381093471.9838718,
      "corridor_count": 1046,
      "active_hs6_count": 4
    },
    {
      "year": 2008,
      "hs4": 9110,
      "global_trade_usd": 425931225.31732345,
      "corridor_count": 1102,
      "active_hs6_count": 4
    },
    {
      "year": 2009,
      "hs4": 9110,
      "global_trade_usd": 345022526.4674215,
      "corridor_count": 1079,
      "active_hs6_count": 4
    },
    {
      "year": 2010,
      "hs4": 9110,
      "global_trade_usd": 468077323.0623787,
      "corridor_count": 1095,
      "active_hs6_count": 4
    },
    {
      "year": 2011,
      "hs4": 9110,
      "global_trade_usd": 585574237.2859086,
      "corridor_count": 1168,
      "active_hs6_count": 4
    },
    {
      "year": 2012,
      "hs4": 9110,
      "global_trade_usd": 510715692.147663,
      "corridor_count": 1182,
      "active_hs6_count": 4
    },
    {
      "year": 2013,
      "hs4": 9110,
      "global_trade_usd": 493144230.1237625,
      "corridor_count": 1208,
      "active_hs6_count": 4
    },
    {
      "year": 2014,
      "hs4": 9110,
      "global_trade_usd": 494008775.25490975,
      "corridor_count": 1241,
      "active_hs6_count": 4
    },
    {
      "year": 2015,
      "hs4": 9110,
      "global_trade_usd": 448576086.0341463,
      "corridor_count": 1250,
      "active_hs6_count": 4
    },
    {
      "year": 2016,
      "hs4": 9110,
      "global_trade_usd": 343441068.37882084,
      "corridor_count": 1201,
      "active_hs6_count": 4
    },
    {
      "year": 2017,
      "hs4": 9110,
      "global_trade_usd": 386277716.6041839,
      "corridor_count": 1258,
      "active_hs6_count": 4
    },
    {
      "year": 2018,
      "hs4": 9110,
      "global_trade_usd": 456930186.6980698,
      "corridor_count": 1225,
      "active_hs6_count": 4
    },
    {
      "year": 2019,
      "hs4": 9110,
      "global_trade_usd": 421444642.2365423,
      "corridor_count": 1209,
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    },
    {
      "year": 2020,
      "hs4": 9110,
      "global_trade_usd": 276749826.47093767,
      "corridor_count": 1105,
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    },
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      "year": 2021,
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      "year": 2022,
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      "refreshed_at": "2026-07-20 09:37:48",
      "exporter_name": "Japan",
      "importer_name": "China, Hong Kong Special Administrative Region"
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      "hs_code": "911011",
      "product_name": "Watches: complete movements, unassembled or partly assembled (movement sets)"
    },
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    },
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    },
    {
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      "product_name": "Clocks: movements, whether or not complete, incomplete, assembled or unassembled"
    }
  ],
  "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."
  }
}