What is the tolerance threshold under the EU-Chile?

The general tolerance is 10% of the ex-works value of the finished product.

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EU-Chile - HS 9110

Name: EU Trade Statistics - HS 9110 - EU-Chile
Creator: Eurostat
License: https://creativecommons.org/licenses/by/4.0/

EU-Chile Association Agreement (+ Advanced Framework Agreement) · Origin of Goods

1 rulesTolerance: 10%2003

To qualify for the EU-Chile preferential rate on HS 9110, products must satisfy the origin rule of type maximum non-originating materials (MaxNOM). A tolerance of 10% of the ex-works value applies.

9110Complete watch or clock movements, unassembled or partly assembled (movement sets); incomplete watch or clock movements, assembled; rough watch or clock movements

MaxNOM

Manufacture in which: - the value of all the materials used does not exceed 40% of the ex-works price of the product, and - within the above limit, the value of all the materials of heading 9114 used does not exceed 10% of the ex-works price of the product.

40% ex-works

OR - alternative rule

MaxNOM

Manufacture in which the value of all the materials used does not exceed 30% of the ex-works price of the product.

30% ex-works

9110Complete watch or clock movements, unassembled or partly assembled (movement sets); incomplete watch or clock movements, assembled; rough watch or clock movements

MaxNOM

40% ex-works

OR - alternative rule

MaxNOM

Manufacture in which the value of all the materials used does not exceed 30% of the ex-works price of the product.

30% ex-works

Preference utilization in the EU

Share of imports claiming a preferential rate (source: Eurostat COMEXT)

100%FTA

2022

100%540 €

Source: Eurostat COMEXT DATA_PREFERENCES - EU27 aggregate. Updated monthly.

EU Trade Data (COMEXT)

Jan 2022 – Mar 2026

Full analysis

The EU imported 37 M€ (Jan 2022 – Mar 2026) for this HS code, with Switzerland as the main supplier.

EU Imports

37 M€

EU Exports

33 M€

Balance

4 M€

Top supplying countries (extra-EU)

1.Switzerland

72%26 M€

2.China

12%4 M€

3.Japan

5%2 M€

4.Tunisia

4%2 M€

9110Complete watch or clock movements, unassembled or partly assembled (movement sets); incomplete watch or clock movements, assembled; rough watch or clock movements

MaxNOM

40% ex-works

OR - alternative rule

MaxNOM

Manufacture in which the value of all the materials used does not exceed 30% of the ex-works price of the product.

30% ex-works

9110Complete watch or clock movements, unassembled or partly assembled (movement sets); incomplete watch or clock movements, assembled; rough watch or clock movements

MaxNOM

40% ex-works

OR - alternative rule

MaxNOM

Manufacture in which the value of all the materials used does not exceed 30% of the ex-works price of the product.

30% ex-works

Preference utilization in the EU

EU Trade Data (COMEXT)

Related pages

EU Trade Data (COMEXT)

Preference utilization in the EU