ProceduresGovernment

Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01

Código 9102 (Harmonized System 2012 by 4 digits)

 2023: US$332M, Total Trade Exchange

2023: US$12.5M, International Sales

  2023: US$319M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 was US$332M.

In 2023, the states with the most international sales in Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 were Ciudad de México (US$7.23M), Nuevo León (US$2.82M), Estado de México (US$632k), Quintana Roo (US$178k), and Baja California (US$21.7k).

The states with the most international purchases in 2023 were Ciudad de México (US$227M), Estado de México (US$39.3M), Nuevo León (US$25.9M), Quintana Roo (US$8.28M), and Sinaloa (US$7.49M).

In 2023, the main commercial destinations of Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 were Switzerland (US$5.15M), United States (US$3.9M), El Salvador (US$232k), Ireland (US$162k), and Brazil (US$158k).

The main commercial origins of Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 in 2023 were Switzerland (US$226M), China (US$54.2M), Japan (US$25.5M), Thailand (US$7.44M), and Philippines (US$4.09M).

In the global context, the main exporting countries of Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 in 2022 were Switzerland (US$17.3B), China (US$3.51B), and Japan (US$1.09B). In the same year, the main importing countries of Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 were United States (US$4.21B), Hong Kong (US$2.9B), and China (US$2.32B).

Trade Balance of Mexico

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Net Trade Balance

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US$332M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 in Mexico (including international purchases and sales) was US$332M.

The visualizations show the net balance of Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 at the level of states and countries. Colors more similar to blue, indicate that the territory presented a higher level of international sales. Colors more similar to red, indicate that the territory presented a higher level of international purchases.

Net International Trade

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July, 2024

  • US$33.2M, International Purchases
  • US$1.25M, International Sales

In July 2024, international sales of Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 were US$1.25M, while international purchases reached US$33.2M. The above results in a trade balance of -US$32M.

Market Concentration

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2024-Q3: US$1.19M, International Sales

The visualization shows the quarterly concentration of international sales of Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 at state level.

In the third quarter of 2024, international sales were US$1.19M, being the states with the most sales Ciudad de México (US$1.17M) and Estado de México (US$23.4k).

Exchange by Territory

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International Sales

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Ciudad de México: US$7.23M, State with the Most International Sales (2023)

Switzerland: US$5.15M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 were Ciudad de México (US$7.23M), Nuevo León (US$2.82M), Estado de México (US$632k), Quintana Roo (US$178k), and Baja California (US$21.7k).

In 2023, the countries with the most international purchases from Mexico were Switzerland (US$5.15M), United States (US$3.9M), El Salvador (US$232k), Ireland (US$162k), and Brazil (US$158k).

International Purchases

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Ciudad de México: US$227M, State with the Most International Purchases (2023)

Switzerland: US$226M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 were Ciudad de México (US$227M), Estado de México (US$39.3M), Nuevo León (US$25.9M), Quintana Roo (US$8.28M), and Sinaloa (US$7.49M).

The countries with the most international sales to Mexico in 2023 were Switzerland (US$226M), China (US$54.2M), Japan (US$25.5M), Thailand (US$7.44M), and Philippines (US$4.09M).

Specialization

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Specialization by State

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The RCA-Complexity  diagram compares the Revelead Comparative Advantages of states in Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01  and the Economic Complexity Index of each state.

RCA values ​​greater than 1 indicate that the state has comparative advantages in Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01. On the other hand, high levels of complexity (ECI) are associated with higher levels of income, potential for economic growth, lower income inequality and lower emissions.

Origins and Trade Destinations

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  • 0.015%, Mexican share in global exports - 2022
  • 1.14%, Mexican share in global imports - 2022

The visualizations show the global market for Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01. In both charts, Mexico stands out in order to identify its participation in the export and import market.

In 2022, the main exporting countries of Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 were Switzerland (US$17.3B), China (US$3.51B), and Japan (US$1.09B). In the same year, the main importing countries for Wristwatches, Pocket Watches and other (Including Stopwatches Rate Themselves), other than those of Heading 91.01 were United States (US$4.21B), Hong Kong (US$2.9B), and China (US$2.32B).