ProceduresGovernment

Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated)

Código 9101 (Harmonized System 2012 by 4 digits)

 2023: US$107M, Total Trade Exchange

2023: US$5.21M, International Sales

  2023: US$102M, International Purchases

In 2023, the trade exchange (includes international purchases and sales) of Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) was US$107M.

In 2023, the states with the most international sales in Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) were Ciudad de México (US$4.18M).

The states with the most international purchases in 2023 were Ciudad de México (US$92.3M), Estado de México (US$3.97M), Nuevo León (US$3.82M), Quintana Roo (US$696k), and Jalisco (US$238k).

In 2023, the main commercial destinations of Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) were Switzerland (US$3.26M), Singapore (US$260k), Ireland (US$228k), Hong Kong (US$211k), and Spain (US$139k).

The main commercial origins of Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) in 2023 were Switzerland (US$100M), Germany (US$296k), United Kingdom (US$129k), Japan (US$129k), and China (US$93.8k).

In the global context, the main exporting countries of Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) in 2022 were Switzerland (US$10.4B), Singapore (US$821M), and France (US$763M). In the same year, the main importing countries of Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) were Hong Kong (US$2.74B), United States (US$1.83B), and Switzerland (US$1.5B).

Trade Balance of Mexico

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Net Trade Balance

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US$107M, Total Trade Exchange (2023)

In 2023, the total trade exchange of Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) in Mexico (including international purchases and sales) was US$107M.

The visualizations show the net balance of Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) 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$11.2M, International Purchases
  • US$554k, International Sales

In July 2024, international sales of Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) were US$554k, while international purchases reached US$11.2M. The above results in a trade balance of -US$10.6M.

Market Concentration

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2024-Q3: US$541k, International Sales

The visualization shows the quarterly concentration of international sales of Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) at state level.

In the third quarter of 2024, international sales were US$541k, being the states with the most sales Ciudad de México (US$541k).

Exchange by Territory

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International Sales

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Ciudad de México: US$4.18M, State with the Most International Sales (2023)

Switzerland: US$3.26M, Main commercial destination (2023)

In 2023, the states with the highest international sales in Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) were Ciudad de México (US$4.18M).

In 2023, the countries with the most international purchases from Mexico were Switzerland (US$3.26M), Singapore (US$260k), Ireland (US$228k), Hong Kong (US$211k), and Spain (US$139k).

International Purchases

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Ciudad de México: US$92.3M, State with the Most International Purchases (2023)

Switzerland: US$100M, Main Commercial Origin (2023)

In 2023, the states with the highest international in Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) were Ciudad de México (US$92.3M), Estado de México (US$3.97M), Nuevo León (US$3.82M), Quintana Roo (US$696k), and Jalisco (US$238k).

The countries with the most international sales to Mexico in 2023 were Switzerland (US$100M), Germany (US$296k), United Kingdom (US$129k), Japan (US$129k), and China (US$93.8k).

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 same Rate) of Precious Metal or Rolled Precious Metal (Plated)  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 same Rate) of Precious Metal or Rolled Precious Metal (Plated). 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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  • 0.058%, Mexican share in global exports - 2022
  • 0.46%, Mexican share in global imports - 2022

The visualizations show the global market for Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated). 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 same Rate) of Precious Metal or Rolled Precious Metal (Plated) were Switzerland (US$10.4B), Singapore (US$821M), and France (US$763M). In the same year, the main importing countries for Wristwatches, Pocket Watches and other (Including Stopwatches same Rate) of Precious Metal or Rolled Precious Metal (Plated) were Hong Kong (US$2.74B), United States (US$1.83B), and Switzerland (US$1.5B).