2023
Exports
$1.68BWorld Rnk 5 / 210
Flag Rnk 32 / 96
2023
PRODUCT COMPLEXITY IN Clocks, watches, & parts
1.63Rnk 29 / 1025
2023
Imports
$3.25BWorld Rnk 6 / 223
Flag Rnk 37 / 96
2023
ECONOMIC COMPLEXITY of Japan
2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $1.68B in Clocks, watches, & parts, making it the 5th largest exporter of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 32nd most exported product in Japan. The main destination of Clocks, watches, & parts exports from Japan are: United States ($475M), Hong Kong ($370M), China ($223M), Switzerland ($124M), and Thailand ($75.1M).

The fastest growing export markets for Clocks, watches, & parts of Japan between 2022 and 2023 were Netherlands ($18M), Germany ($10.3M), and Turkey ($3.13M).

Imports In 2023, Japan imported $3.25B in Clocks, watches, & parts, becoming the 6th largest importer of Clocks, watches, & parts in the world. At the same year, Clocks, watches, & parts was the 37th most imported product in Japan. Japan imports Clocks, watches, & parts primarily from: Switzerland ($2.03B), Hong Kong ($449M), China ($308M), Singapore ($127M), and Thailand ($78.7M).

The fastest growing import markets in Clocks, watches, & parts for Japan between 2022 and 2023 were Hong Kong ($420M), United States ($52.7M), and Singapore ($39.9M).

COMPANIES In 2023, leading companies such as John Deere (7), General Motors (5), and Toyota (1) were at the forefront of shipping Clocks, watches, & parts from Japan to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)¥-571M(-6.48%)
IMPORT GROWTH (November 2023 - November 2024)¥-398M(-0.87%)
MAIN EXPORTER (November 2024)Chiba¥8.28B
MAIN DESTINATION (November 2024)Hong Kong¥3.58B

This section shows Clocks, watches, & parts'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 Clocks, watches, & parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.68B
IMPORTS (2023)$3.25B
NET TRADE (2023)-$1.57B

In 2023, Japan exported $1.68B in Clocks, watches, & parts. The main destinations of Japan exports on Clocks, watches, & parts were United States ($475M), Hong Kong ($370M), China ($223M), Switzerland ($124M), and Thailand ($75.1M).

In 2023, Japan imported $3.25B in Clocks, watches, & parts, mainly from Switzerland ($2.03B), Hong Kong ($449M), China ($308M), Singapore ($127M), and Thailand ($78.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Clocks, watches, & parts EXPORT MARKETS FOR Japan WERE (2022 - 2023):
Netherlands$18M (85.1%)
Germany$10.3M (40.5%)
Turkey$3.13M (64.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Clocks, watches, & parts BY Japan WERE (2022 - 2023):
Hong Kong-$422M (-53.3%)
United States-$153M (-24.4%)
China-$47.3M (-17.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Clocks, watches, & parts were:
In 2023, Japan's main importing competitors in Clocks, watches, & parts were:

Explore Visualizations

Trade Value of Clocks, watches, & parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $39.5M
TOP IMPORT POTENTIALChina+ $56.3M

Clocks, watches, & parts’s highest export potential is China. With an export gap of $39.5M.   Clocks, watches, & parts’s highest import potential is China with an import gap of $56.3M.

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