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Pricing

2022
Exports $444MWorld Rnk 8 / 178
Flag Rnk 159 / 1216
2022
Destination $5.73M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $5.73MQatar
2022
PRODUCT COMPLEXITY IN Precious Metal Watches0.4Rnk 410 / 1025
2022
Imports $683MWorld Rnk 9 / 208
Flag Rnk 191 / 1214
2022
Origin $85.6M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $85.6MSwitzerland
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

Exports In 2022, United Kingdom exported $444M in Precious Metal Watches, making it the 8th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 159th most exported product in United Kingdom. The main destination of Precious Metal Watches exports from United Kingdom are: Hong Kong ($119M), Switzerland ($93.4M), United States ($58.3M), United Arab Emirates ($29.1M), and France ($22.9M).

The fastest growing export markets for Precious Metal Watches of United Kingdom between 2021 and 2022 were Qatar ($5.73M), United Kingdom ($4.31M), and Italy ($3.35M).

Imports In 2022, United Kingdom imported $683M in Precious Metal Watches, becoming the 9th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 191st most imported product in United Kingdom. United Kingdom imports Precious Metal Watches primarily from: Switzerland ($591M), Hong Kong ($18.1M), United States ($10.7M), United Kingdom ($9.99M), and France ($9.54M).

The fastest growing import markets in Precious Metal Watches for United Kingdom between 2021 and 2022 were Switzerland ($85.6M), Hong Kong ($10.8M), and United Kingdom ($4.31M).

COMPANIES In 2023, leading companies such as Amazon (1) and Givaudan Fragrances (1) were at the forefront of shipping Precious Metal Watches from United Kingdom to the United States.

Latest Trends

June 2024

About

Overview In June 2024 United Kingdom's Precious Metal Watches exports accounted up to £41.7M and imports accounted up to £59M, resulting in a negative trade balance of £17.3M. Between June 2023 and June 2024 the exports of United Kingdom's   Precious Metal Watches have increased by £7.3M (21.2%) from £34.4M to £41.7M, while imports decreased by £-1.8M (-2.96%) from £60.8M to £59M.

Destinations In June 2024, Precious Metal Watches were exported mostly to Hong Kong (£15M), Switzerland (£12.9M), United States (£5.46M), United Arab Emirates (£1.7M), and France (£1.27M), and were imported mostly from Switzerland (£49.4M), Denmark (£1.87M), Hong Kong (£1.82M), Germany (£1.42M), and United States (£1.08M).

Growth In June 2024, the increase in Precious Metal Watches's year-by-year exports was explained primarily by an increase in exports to Switzerland (£3.89M or 82.9%), Thailand (£955k or 14.7k%), and Netherlands (£264k or 36.3%). In June 2024, the decrease in Precious Metal Watches's year-by-year imports was explained primarily by a decrease in imports from Hong Kong (£-1.34M or -78.7%), France (£-1.06M or -63.3%), and United Arab Emirates (£-370k or -81.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)£7.3M(21.2%)
IMPORT GROWTH (June 2023 - June 2024)£-1.8M(-2.96%)
MAIN EXPORTER (June 2024)London Heathrow Airport£33.7M
MAIN DESTINATION (June 2024)Hong Kong£15M

This section shows Precious Metal Watches's exports and imports data at subnational level for United Kingdom. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Precious Metal Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$444M
IMPORTS (2022)$683M
NET TRADE (2022)-$239M

In 2022, United Kingdom exported $444M in Precious Metal Watches. The main destinations of United Kingdom exports on Precious Metal Watches were Hong Kong ($119M), Switzerland ($93.4M), United States ($58.3M), United Arab Emirates ($29.1M), and France ($22.9M).

In 2022, United Kingdom imported $683M in Precious Metal Watches, mainly from Switzerland ($591M), Hong Kong ($18.1M), United States ($10.7M), United Kingdom ($9.99M), and France ($9.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
Qatar$5.73M (73.4%)
United Kingdom$4.31M (75.9%)
Italy$3.35M (55.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY United Kingdom WERE (2021 - 2022):
Switzerland-$30.5M (-24.6%)
France-$20.7M (-47.5%)
Hong Kong-$12.3M (-9.34%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Precious Metal Watches were:
Switzerland $9.41B
Singapore $895M
France $801M
In 2022, United Kingdom's main importing competitors in Precious Metal Watches were:
Hong Kong $2.35B
United States $1.76B
Switzerland $1.5B

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $15.7M
TOP IMPORT POTENTIALFrance+ $11.4M

Precious Metal Watches’s highest export potential is United States. With an export gap of $15.7M.   Precious Metal Watches’s highest import potential is France with an import gap of $11.4M.

See methodology.

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