In 2023, Hong Kong’s total exports of watches and clocks were similar to the preceding year’s level, with a slight change of -0.5%. Mainland China and the US were the largest markets, together accounting for nearly one-third of total exports.

This page lists the contact information of Hong Kong trade associations related to watches and clocks.

The 2023 HKTDC Hong Kong Watch & Clock Fair and Salon de TE are the first non-remote watch and clock fairs to be held since Hong Kong’s re-opening after the Covid-19 pandemic. They have helped provide long-awaited buoyancy for the watch and clock industry.

Optimism rebounded in HKTDC’s 2022 Hong Kong Watch & Clock Fair survey, where respondents – buyers and exhibitors – see renewed hope as e-commerce and the demand for smart and leisure watches are expected to chase away the storm clouds of inflation and recession.

Susumu Muguruma, COO of Valuence Holdings Inc, explains why the Japan-listed pre-owned luxury goods trading company chose Hong Kong as its first overseas base and headquarters, and highlights the new opportunities that the city provides for the company’s global business expansion.

The global watch industry is recovering fast from the coronavirus pandemic. While new timepieces are driving Swiss watch exports to a record high, the burgeoning pre-owned market is expected to dominate the market in a few years.

Industry players in the Watch & Clock sector are maintaining an optimistic market outlook, according to a recent HKTDC survey. Overall, respondents expected the revival in demand, a spike in e-commerce purchases and an anticipated surge in the sale of smart and sports watches to more than make up for the worst of the pandemic downturn.

The European Commission has adopted a Delegated Regulation supplementing Directive 2014/53/EU (“the Radio Equipment Directive – the RED”) regarding the application of essential requirements for radio equipment. The purpose of the new legislation is to strengthen the respect of personal data protection and privacy and to ensure an adequate level of cybersecurity for toys, childcare radio equipment, internet-connected radio equipment and wearables placed on the EU market.

CBP has issued guidance on the entry/entry summary filing requirements for components of watches or clocks subject to Section 301 tariffs on products from mainland China.

While the pandemic has caused suffering on a truly global scale, it has also prompted positive developments on a number of fronts, spurring people into action, overturning norms and challenging the status quo, while also hopefully ushering in a more innovative and sustainable era. Ideally positioned to track such ever-changing times, the watch and clock sector is adapting to this new dynamic by taking on the role of an innovative industry leader.