HS Code:
The category 'With clock movements measuring over 50 mm in width or diameter' (likely falling under HS Code 9105 or related subcategories) includes clocks and timekeeping devices with larger mechanical or electronic movements. These products are often used in industrial, commercial, or decorative applications such as wall clocks, tower clocks, or specialized timing equipment. This category is distinct due to the size of the movement, which often indicates higher precision or durability requirements compared to smaller clock movements.
Total Trade Volume
USD 1.2 billion
Data from 2022
Source
United Nations Comtrade Database
Average Rate
5.2%
Highest Rate
12% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements like EU-Switzerland)
Shift towards smart clock movements
Increased demand for clocks with IoT integration and connectivity features, driving innovation in the sector.
2021-2022
Sustainability focus
Growing preference for eco-friendly materials and energy-efficient movements, influencing production methods.
2020-2022
Decline in traditional mechanical movements
Reduced demand for purely mechanical large clock movements as digital alternatives gain market share.
2019-2022
Negotiations have led to a reduction in tariffs on clock movements over 50 mm, facilitating easier market access for Chinese exporters to the EU.
March 2023
Expected increase in trade volume from China to EU by 10-15% in the next two years.
The US imposed additional tariffs on imported electronic clock movements as part of broader trade policies, affecting hybrid clock systems.
January 2023
Potential cost increase for US importers and shift towards domestic or alternative suppliers.
Swiss manufacturers introduced a new line of energy-efficient clock movements for large industrial clocks, meeting new environmental regulations.
September 2022
Strengthens Switzerland's position in the high-end market segment for sustainable clock technologies.