{
  "pageType": "HS4 subsector trade overview",
  "source": "api",
  "title": "Watch cases (HS4 9111) Trade Overview | Yugalinks",
  "description": "Review reported global trade for watch cases at HS4 9111, including scale, trend, corridors, countries, and the HS6 products within this subsector.",
  "canonical": "https://www.yugalinks.com/trade/sector/hs4/9111",
  "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/hs4/9111/index.html",
    "markdown": "https://www.yugalinks.com/trade/sector/hs4/9111/index.md",
    "json": "https://www.yugalinks.com/trade/sector/hs4/9111/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/sector/hs4/9111/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": "9111",
    "name": "Watch cases"
  },
  "coverage": {
    "firstDataYear": 1995,
    "latestDataYear": 2024,
    "yearsWithData": 30,
    "refreshedAt": "2026-07-20 09:34:09"
  },
  "answer": "The watch cases subsector recorded $1.0B in reported global trade in 2024, with -5.5% annual change.",
  "keyFigures": {
    "latestTradeUsd": 1032793855.3177466,
    "latestAnnualChangePct": -5.502798945714051,
    "activeExporters": 117,
    "activeImporters": 186,
    "activeHs6Products": 4
  },
  "growthAndStructure": {
    "trendLabel": "Stable",
    "tradeCagr3yPct": 1.4918877659582996,
    "tradeCagr5yPct": -3.3042219823599117,
    "historicalPeakUsd": 1443194530.3017015,
    "historicalPeakYear": 2014,
    "positiveGrowthYearSharePct": 51.724137931034484,
    "exporterConcentrationHhi": 3189.59873891553,
    "importerConcentrationHhi": 1932.030248806808,
    "tradeVolatilityCv": 0.2876183822277404
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  "annualRows": [
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      "year": 1995,
      "hs4": 9111,
      "global_trade_usd": 782759327.143839,
      "corridor_count": 877,
      "active_hs6_count": 4
    },
    {
      "year": 1996,
      "hs4": 9111,
      "global_trade_usd": 712329523.7503397,
      "corridor_count": 952,
      "active_hs6_count": 4
    },
    {
      "year": 1997,
      "hs4": 9111,
      "global_trade_usd": 698220516.3863001,
      "corridor_count": 955,
      "active_hs6_count": 4
    },
    {
      "year": 1998,
      "hs4": 9111,
      "global_trade_usd": 732091342.018618,
      "corridor_count": 943,
      "active_hs6_count": 4
    },
    {
      "year": 1999,
      "hs4": 9111,
      "global_trade_usd": 595117863.1250111,
      "corridor_count": 1002,
      "active_hs6_count": 4
    },
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      "year": 2000,
      "hs4": 9111,
      "global_trade_usd": 655829353.4868078,
      "corridor_count": 1184,
      "active_hs6_count": 4
    },
    {
      "year": 2001,
      "hs4": 9111,
      "global_trade_usd": 655787551.2121966,
      "corridor_count": 1153,
      "active_hs6_count": 4
    },
    {
      "year": 2002,
      "hs4": 9111,
      "global_trade_usd": 629567848.3273282,
      "corridor_count": 1189,
      "active_hs6_count": 4
    },
    {
      "year": 2003,
      "hs4": 9111,
      "global_trade_usd": 595752957.8135667,
      "corridor_count": 1210,
      "active_hs6_count": 4
    },
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      "year": 2004,
      "hs4": 9111,
      "global_trade_usd": 682072560.0972115,
      "corridor_count": 1225,
      "active_hs6_count": 4
    },
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      "year": 2005,
      "hs4": 9111,
      "global_trade_usd": 712534742.6323708,
      "corridor_count": 1342,
      "active_hs6_count": 4
    },
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      "year": 2006,
      "hs4": 9111,
      "global_trade_usd": 781740151.102429,
      "corridor_count": 1282,
      "active_hs6_count": 4
    },
    {
      "year": 2007,
      "hs4": 9111,
      "global_trade_usd": 968603581.2603675,
      "corridor_count": 1340,
      "active_hs6_count": 4
    },
    {
      "year": 2008,
      "hs4": 9111,
      "global_trade_usd": 1184457833.8284318,
      "corridor_count": 1374,
      "active_hs6_count": 4
    },
    {
      "year": 2009,
      "hs4": 9111,
      "global_trade_usd": 751965151.5461361,
      "corridor_count": 1388,
      "active_hs6_count": 4
    },
    {
      "year": 2010,
      "hs4": 9111,
      "global_trade_usd": 938622285.8327223,
      "corridor_count": 1416,
      "active_hs6_count": 4
    },
    {
      "year": 2011,
      "hs4": 9111,
      "global_trade_usd": 1295821930.2293708,
      "corridor_count": 1487,
      "active_hs6_count": 4
    },
    {
      "year": 2012,
      "hs4": 9111,
      "global_trade_usd": 1403195303.8333616,
      "corridor_count": 1586,
      "active_hs6_count": 4
    },
    {
      "year": 2013,
      "hs4": 9111,
      "global_trade_usd": 1374140406.1540632,
      "corridor_count": 1551,
      "active_hs6_count": 4
    },
    {
      "year": 2014,
      "hs4": 9111,
      "global_trade_usd": 1443194530.3017015,
      "corridor_count": 1568,
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    },
    {
      "year": 2015,
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      "global_trade_usd": 1370722569.9931178,
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    {
      "year": 2016,
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      "corridor_count": 1572,
      "active_hs6_count": 4
    },
    {
      "year": 2017,
      "hs4": 9111,
      "global_trade_usd": 1162339740.6635022,
      "corridor_count": 1615,
      "active_hs6_count": 4
    },
    {
      "year": 2018,
      "hs4": 9111,
      "global_trade_usd": 1286029483.4200354,
      "corridor_count": 1647,
      "active_hs6_count": 4
    },
    {
      "year": 2019,
      "hs4": 9111,
      "global_trade_usd": 1221732381.7076824,
      "corridor_count": 1663,
      "active_hs6_count": 4
    },
    {
      "year": 2020,
      "hs4": 9111,
      "global_trade_usd": 847308601.2563158,
      "corridor_count": 1671,
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      "year": 2021,
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      "year": 2022,
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      "year": 2023,
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      "year": 2024,
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      "corridor_count": 1986,
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      "refreshed_at": "2026-07-20 09:37:48",
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      "importer_name": "Philippines"
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      "exporter_iso3": "CHE",
      "importer_iso3": "FRA",
      "first_data_year": 1995,
      "latest_data_year": 2024,
      "years_with_data": 30,
      "exports_latest_usd": 26433999.63208283,
      "exports_avg_3y_usd": 25742626.95458318,
      "exports_avg_5y_usd": 24329838.90730592,
      "exports_avg_10y_usd": 26028328.58994276,
      "exports_cagr_3y_pct": 0.9668651414929341,
      "exports_cagr_5y_pct": -6.950214694593115,
      "exports_cagr_10y_pct": 3.2085755069539035,
      "historical_peak_usd": 37895356.97953094,
      "historical_peak_year": 2019,
      "latest_below_peak_pct": 30.244753608308596,
      "yoy_growth_latest_pct": -0.09915712003419896,
      "positive_growth_year_share_pct": 55.172413793103445,
      "trend_acceleration_pct": -2.2417103654609694,
      "trend_label": "Stable",
      "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": 9111,
      "corridor_rank": 10,
      "exporter_iso3": "CHN",
      "importer_iso3": "THA",
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      "latest_data_year": 2024,
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      "exports_latest_usd": 25833326.280976094,
      "exports_avg_3y_usd": 24699099.891520847,
      "exports_avg_5y_usd": 20358919.236665737,
      "exports_avg_10y_usd": 11992971.401268614,
      "exports_cagr_3y_pct": 16.112305326183794,
      "exports_cagr_5y_pct": 34.82238909294184,
      "exports_cagr_10y_pct": 46.40798682406337,
      "historical_peak_usd": 25906580.148562826,
      "historical_peak_year": 2023,
      "latest_below_peak_pct": 0.2827616272261844,
      "yoy_growth_latest_pct": -0.28276162722618015,
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      "trend_acceleration_pct": -30.295681497879578,
      "trend_label": "Rapid growth",
      "active_hs6_count": 4,
      "access_data_year": 2024,
      "distance_km": 2887,
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      "refreshed_at": "2026-07-20 09:37:48",
      "exporter_name": "China",
      "importer_name": "Thailand"
    }
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    {
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    },
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      "year": 2024,
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      "trade_balance_usd": 67526183.11934713,
      "export_partner_count": 84,
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      "country_name": "China, Hong Kong Special Administrative Region"
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      "country_name": "Switzerland, Liechtenstein"
    },
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      "active_hs6_count": 4,
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    },
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      "year": 2024,
      "country_iso3": "MYS",
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      "imports_usd": 15482330.281293485,
      "trade_balance_usd": 13705422.718988277,
      "export_partner_count": 45,
      "import_partner_count": 28,
      "active_hs6_count": 4,
      "country_name": "Malaysia"
    },
    {
      "year": 2024,
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      "exports_usd": 28106381.20476576,
      "imports_usd": 75896723.76423891,
      "trade_balance_usd": -47790342.55947315,
      "export_partner_count": 63,
      "import_partner_count": 28,
      "active_hs6_count": 4,
      "country_name": "Thailand"
    },
    {
      "year": 2024,
      "country_iso3": "PRT",
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      "exports_usd": 19396969.27405236,
      "imports_usd": 19641733.432100672,
      "trade_balance_usd": -244764.1580483131,
      "export_partner_count": 8,
      "import_partner_count": 35,
      "active_hs6_count": 4,
      "country_name": "Portugal"
    },
    {
      "year": 2024,
      "country_iso3": "DEU",
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      "exports_usd": 19211277.02106761,
      "imports_usd": 47336660.09584343,
      "trade_balance_usd": -28125383.07477582,
      "export_partner_count": 70,
      "import_partner_count": 56,
      "active_hs6_count": 4,
      "country_name": "Germany"
    },
    {
      "year": 2024,
      "country_iso3": "JPN",
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      "exports_usd": 18276167.396472942,
      "imports_usd": 58096819.10769011,
      "trade_balance_usd": -39820651.711217165,
      "export_partner_count": 70,
      "import_partner_count": 20,
      "active_hs6_count": 4,
      "country_name": "Japan"
    },
    {
      "year": 2024,
      "country_iso3": "ITA",
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      "exports_usd": 12394098.049577016,
      "imports_usd": 5796039.661246179,
      "trade_balance_usd": 6598058.388330838,
      "export_partner_count": 59,
      "import_partner_count": 23,
      "active_hs6_count": 4,
      "country_name": "Italy"
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  ],
  "importers": [
    {
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      "country_iso3": "CHE",
      "hs4": 9111,
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      "imports_usd": 340942285.7973033,
      "trade_balance_usd": -175317946.38320783,
      "export_partner_count": 120,
      "import_partner_count": 59,
      "active_hs6_count": 4,
      "country_name": "Switzerland, Liechtenstein"
    },
    {
      "year": 2024,
      "country_iso3": "HKG",
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      "exports_usd": 170801235.89867797,
      "imports_usd": 103275052.77933085,
      "trade_balance_usd": 67526183.11934713,
      "export_partner_count": 84,
      "import_partner_count": 33,
      "active_hs6_count": 4,
      "country_name": "China, Hong Kong Special Administrative Region"
    },
    {
      "year": 2024,
      "country_iso3": "CHN",
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      "exports_usd": 489064658.17075837,
      "imports_usd": 77094934.40783288,
      "trade_balance_usd": 411969723.7629255,
      "export_partner_count": 165,
      "import_partner_count": 28,
      "active_hs6_count": 4,
      "country_name": "China"
    },
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      "year": 2024,
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      "imports_usd": 75896723.76423891,
      "trade_balance_usd": -47790342.55947315,
      "export_partner_count": 63,
      "import_partner_count": 28,
      "active_hs6_count": 4,
      "country_name": "Thailand"
    },
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      "year": 2024,
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      "imports_usd": 58096819.10769011,
      "trade_balance_usd": -39820651.711217165,
      "export_partner_count": 70,
      "import_partner_count": 20,
      "active_hs6_count": 4,
      "country_name": "Japan"
    },
    {
      "year": 2024,
      "country_iso3": "TWN",
      "hs4": 9111,
      "exports_usd": 1677750.6217309234,
      "imports_usd": 51760338.8051775,
      "trade_balance_usd": -50082588.18344658,
      "export_partner_count": 33,
      "import_partner_count": 19,
      "active_hs6_count": 4,
      "country_name": "Taiwan"
    },
    {
      "year": 2024,
      "country_iso3": "PHL",
      "hs4": 9111,
      "exports_usd": 387726.3893812115,
      "imports_usd": 48030187.26834234,
      "trade_balance_usd": -47642460.87896112,
      "export_partner_count": 21,
      "import_partner_count": 23,
      "active_hs6_count": 4,
      "country_name": "Philippines"
    },
    {
      "year": 2024,
      "country_iso3": "DEU",
      "hs4": 9111,
      "exports_usd": 19211277.02106761,
      "imports_usd": 47336660.09584343,
      "trade_balance_usd": -28125383.07477582,
      "export_partner_count": 70,
      "import_partner_count": 56,
      "active_hs6_count": 4,
      "country_name": "Germany"
    },
    {
      "year": 2024,
      "country_iso3": "FRA",
      "hs4": 9111,
      "exports_usd": 33910684.45716447,
      "imports_usd": 36920760.95096714,
      "trade_balance_usd": -3010076.493802674,
      "export_partner_count": 73,
      "import_partner_count": 39,
      "active_hs6_count": 4,
      "country_name": "France"
    },
    {
      "year": 2024,
      "country_iso3": "USA",
      "hs4": 9111,
      "exports_usd": 2643967.7466086494,
      "imports_usd": 24464270.009363305,
      "trade_balance_usd": -21820302.262754656,
      "export_partner_count": 92,
      "import_partner_count": 43,
      "active_hs6_count": 4,
      "country_name": "USA, Puerto Rico and US Virgin Islands"
    }
  ],
  "products": [
    {
      "hs_code": "911110",
      "product_name": "Watch cases: of precious metal or of metal clad with precious metal"
    },
    {
      "hs_code": "911120",
      "product_name": "Watch cases: of base metal, whether or not gold-plated or silver-plated"
    },
    {
      "hs_code": "911180",
      "product_name": "Watch cases: n.e.s. in heading no. 9111"
    },
    {
      "hs_code": "911190",
      "product_name": "Watch cases and parts thereof"
    }
  ],
  "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."
  }
}