HS Code:
Clocks with watch movements, excluding clocks of heading 9104 (HS Code: 9103), refer to timekeeping devices that incorporate watch movements but are not classified under instrument panel clocks or similar types. This category includes various types of clocks such as mantel clocks, desk clocks, or wall clocks that use watch mechanisms. These products are often valued for their aesthetic appeal and craftsmanship, blending functionality with decorative elements. They are typically produced for personal or household use and are traded globally with significant demand in both developed and emerging markets.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (imposed by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Switzerland)
Growing demand for luxury and artisanal clocks
Increased exports from Switzerland and Germany due to their reputation for high-quality craftsmanship.
2021-2022
Shift towards sustainable materials
Manufacturers are adopting eco-friendly materials, influencing production costs and consumer preferences in North America and Europe.
2020-2022
Rise of e-commerce platforms
Smaller exporters, especially from China, are gaining market access through online sales channels, boosting trade volumes.
2019-2022
Negotiations between the EU and China have led to a provisional agreement reducing tariffs on clocks with watch movements, fostering greater market access for Chinese exporters.
June 2023
Expected to increase China's trade volume by 10-15% in the EU market over the next two years.
The United States imposed additional tariffs on certain luxury clocks as part of broader trade measures, impacting Swiss and German exporters.
January 2023
Potential reduction in US imports from Europe, with a shift towards domestic or alternative suppliers.
Manufacturers are increasingly integrating smart features into traditional clocks with watch movements, appealing to tech-savvy consumers.
March 2023
Creates a niche market segment, potentially increasing demand in developed markets like the US and Japan.