Overview In March 2022 Japan's Watch Movements exports accounted up to ¥4.18B and imports accounted up to ¥396M, resulting in a positive trade balance of ¥3.79B. Between March 2021 and March 2022 the exports of Japan's Watch Movements have increased by ¥448M (12%) from ¥3.74B to ¥4.18B, while imports decreased by ¥-81.6M (-17.1%) from ¥478M to ¥396M.
Destinations In March 2022, Watch Movements were exported mostly to Hong Kong (¥3.41B), Thailand (¥317M), China (¥235M), India (¥127M), and Brazil (¥61.4M), and were imported mostly from Switzerland (¥184M), Malaysia (¥168M), China (¥33.1M), Hong Kong (¥9.45M), and Germany (¥1M).
Growth In March 2022, the increase in Watch Movements's year-by-year exports was explained primarily by an increase in exports to Hong Kong (¥114M or 5.54%), India (¥32.4M or 52%), and United States (¥1.01M or 64.8%). In March 2022, the decrease in Watch Movements's year-by-year imports was explained primarily by a decrease in imports from China (¥-63.8M or -38%), Malaysia (¥-50.9M or -36.5%), and Switzerland (¥-10.3M or -7.03%).