Watch Movements in Japan | The Observatory of Economic Complexity

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Exports In 2022, Japan exported $354M in Watch Movements, making it the 1st largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 252nd most exported product in Japan. The main destination of Watch Movements exports from Japan are: Hong Kong ($263M), Thailand ($35.3M), China ($32.8M), India ($7.12M), and Brazil ($3.62M).

The fastest growing export markets for Watch Movements of Japan between 2021 and 2022 were Thailand ($4.22M), Germany ($617k), and United Kingdom ($222k).

Imports In 2022, Japan imported $36.7M in Watch Movements, becoming the 7th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 792nd most imported product in Japan. Japan imports Watch Movements primarily from: Malaysia ($14.6M), Switzerland ($12.6M), China ($7.87M), Italy ($700k), and Hong Kong ($368k).

The fastest growing import markets in Watch Movements for Japan between 2021 and 2022 were Malaysia ($5.42M), Australia ($75k), and Belgium ($62.9k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Watch Movements from Japan to the United States.

Latest Trends

January 2024

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Overview In January 2024 Japan's Watch Movements exports accounted up to ¥2.51B and imports accounted up to ¥387M, resulting in a positive trade balance of ¥2.12B. Between January 2023 and January 2024 the exports of Japan's Watch Movements have increased by ¥1.06B (73%) from ¥1.45B to ¥2.51B, while imports increased by ¥170M (78.3%) from ¥217M to ¥387M.

Destinations In January 2024, Watch Movements were exported mostly to Hong Kong (¥2.05B), China (¥185M), Thailand (¥102M), India (¥73.6M), and Brazil (¥44M), and were imported mostly from Malaysia (¥185M), Switzerland (¥157M), China (¥40.1M), Hong Kong (¥3.92M), and United States (¥1.02M).

Growth In January 2024, the increase in Watch Movements's year-by-year exports was explained primarily by an increase in exports to India (¥19.9M or 52.6%) and Brazil (¥1.82M or 5.66%). In January 2024, the increase in Watch Movements's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)¥1.06B(73%)

IMPORT GROWTH (January 2023 - January 2024)¥170M(78.3%)

MAIN EXPORTER (January 2024)Chiba¥2.21B

MAIN DESTINATION (January 2024)Hong Kong¥2.05B

This section shows Watch Movements's exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Watch Movements over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$354M

IMPORTS (2022)$36.7M

NET TRADE (2022)$317M

In 2022, Japan exported $354M in Watch Movements. The main destinations of Japan exports on Watch Movements were Hong Kong ($263M), Thailand ($35.3M), China ($32.8M), India ($7.12M), and Brazil ($3.62M).

In 2022, Japan imported $36.7M in Watch Movements, mainly from Malaysia ($14.6M), Switzerland ($12.6M), China ($7.87M), Italy ($700k), and Hong Kong ($368k).

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