The global import of unassembled or partly assembled complete watch movements experienced diverse trends in 2023. China dominated with $82.521 million, showing marginal growth, whereas Switzerland's imports soared by 24.63%. Notable growth also occurred in the UAE and Brazil, despite Brazil's declines. Many European countries like Italy and Germany witnessed reductions, with Denmark experiencing a significant 22.12% fall. Greece saw substantial growth, contrasting with Malaysia's sharp downturn. The U.S., an important market, increased its imports by 3.39%.
Looking ahead, the following trends are likely to influence future imports:
- Emerging markets such as India and Brazil may drive demand, leveraging domestic manufacturing growth.
- Ongoing economic challenges in Europe could limit import activities, influencing potential shifts in supply chains.
- Technological advancements and preferences toward smartwatches might reshape traditional watch imports.
- Sustainability trends may affect material sourcing and manufacturing practices globally.
- Geopolitical factors could impact trade routes and agreements, affecting costs and availability.
Top countries in Import of Complete Movements of Watches Unassembled or Partly Assembled by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 82,521,000 | 2023 | +3.52% | +1.06% | View data |
| 2 | 2 United Arab Emirates | 6,688,900 | 2023 | +4.41% | +3.97% | View data |
| 3 | 3 Switzerland | 3,821,900 | 2023 | +4.59% | +24.63% | View data |
| 4 | 4 Brazil | 3,589,700 | 2023 | -4.35% | -4.38% | View data |
| 5 | 5 South Korea | 3,284,400 | 2023 | +1.39% | +0.64% | View data |
| 6 | 6 India | 3,189,200 | 2023 | +1.57% | +1.82% | View data |
| 7 | 7 United States | 1,646,300 | 2023 | +2.73% | +3.39% | View data |
| 8 | 8 Japan | 1,429,500 | 2023 | +1.09% | +1.04% | View data |
| 9 | 9 Indonesia | 731,020 | 2023 | +2.62% | +4.19% | View data |
| 10 | 10 Italy | 489,870 | 2023 | -2.36% | -1.85% | View data |
