HS Code:
The 'With movement measuring not over 15.2 mm' category typically falls under HS Code 9102.11, which refers to wristwatches, electrically operated, whether or not incorporating a stopwatch facility, with mechanical display only, and having a movement measuring not over 15.2 mm in thickness. This category includes a range of small, precision timekeeping devices often used in everyday consumer products. These products are integral to the global watch and jewelry industry, catering to both luxury and affordable market segments.
Total Trade Volume
USD 1.2 billion
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 such as USMCA)
Shift towards smartwatch integration
Traditional wristwatches in this category face competition from smartwatches, prompting manufacturers to integrate hybrid features.
2021-2022
Sustainability in production
Increased demand for eco-friendly materials and ethical sourcing is influencing production methods and brand positioning.
2020-2022
Growth in emerging markets
Rising disposable incomes in Asia and Africa are driving demand for affordable wristwatches in this category.
2019-2022
The European Union announced a phased reduction of tariffs on wristwatches under 15.2 mm movement thickness to promote trade with Asian manufacturers.
June 2023
Expected to increase imports from China and Japan by 10-15% over the next two years.
Switzerland introduced new micro-movement technology for wristwatches under 15.2 mm, enhancing precision and durability.
March 2023
Likely to reinforce Switzerland's dominance in the high-end segment of this category.
A recent update to the US-China trade agreement included provisions to reduce tariffs on small movement watches, benefiting Chinese exporters.
January 2023
Anticipated to boost Chinese exports to the US by USD 50 million annually.