An analysis of the top importers of clocks, watches, and parts thereof in 2023 reveals that Hong Kong leads with 8.3 billion USD, followed by the United States at 5.15 billion USD and Switzerland at 3.94 billion USD. Japan, China, and France are also significant importers, ranging between 3.0 and 3.16 billion USD. Germany, the United Kingdom, Singapore, and Italy import values between 1.7 and 2.44 billion USD. Over the past two years, key importers like Hong Kong and the US have shown a stable increase, influencing a positive trend with a five-year CAGR that points to steady growth.
Future trends to watch include:
- Growing demand in the Asia-Pacific region, spurred by increasing consumer purchasing power.
- Technological advancements in smartwatches likely driving imports into the US and European markets.
- Supply chain adaptations post-pandemic, affecting sourcing and distribution patterns.
Top countries in Top Importers of Clocks and Watches and Parts Thereof
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 Hong Kong | 8,300 | 2016 | |
| 2 | 2 United States | 5,150 | 2016 | |
| 3 | 3 Switzerland | 3,940 | 2016 | |
| 4 | 4 Japan | 3,160 | 2016 | |
| 5 | 5 China | 3,130 | 2016 | |
| 6 | 6 France | 3,000 | 2016 | |
| 7 | 7 Germany | 2,440 | 2016 | |
| 8 | 8 United Kingdom | 1,990 | 2016 | |
| 9 | 9 Singapore | 1,760 | 2016 | |
| 10 | 10 Italy | 1,710 | 2016 |
