Watch Movements in Japan 2021 Exports | Imports : $414M | $42.4M, World Rnk 1 / 107 Rnk 235 / 1206 | World Rnk 4 / 169 Rnk 745 / 1213
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $81.4M | $5.51M, Hong Kong | China
2021 ECONOMIC COMPLEXITY of Japan: 2.06, Rnk 1 / 131
2021 PRODUCT COMPLEXITY IN Watch Movements: 1.75, Rnk 19 / 1029
Exports In 2021, Japan exported $414M in Watch Movements, making it the 1st largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 235th most exported product in Japan. The main destination of Watch Movements exports from Japan are: Hong Kong ($316M), China ($33M), Thailand ($31.5M), Switzerland ($9.49M), and India ($7.88M).
The fastest growing export markets for Watch Movements of Japan between 2020 and 2021 were Hong Kong ($81.4M), Thailand ($8.91M), and India ($4.79M).
Imports In 2021, Japan imported $42.4M in Watch Movements, becoming the 4th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 745th most imported product in Japan. Japan imports Watch Movements primarily from: China ($16.4M), Switzerland ($14.9M), Malaysia ($9.18M), Italy ($1.05M), and Hong Kong ($364k).
The fastest growing import markets in Watch Movements for Japan between 2020 and 2021 were China ($5.51M), Italy ($435k), and United Kingdom ($180k).
January 2023
Overview In January 2023 Japan's Watch Movements exports accounted up to ¥1.45B and imports accounted up to ¥217M, resulting in a positive trade balance of ¥1.23B. Between January 2022 and January 2023 the exports of Japan's Watch Movements have decreased by ¥-1.6B (-52.4%) from ¥3.05B to ¥1.45B, while imports decreased by ¥-161M (-42.6%) from ¥379M to ¥217M.
Destinations In January 2023, Watch Movements were exported mostly to Hong Kong (Â¥1.02B), Thailand (Â¥217M), China (Â¥90.3M), India (Â¥57.7M), and Brazil (Â¥34M), and were imported mostly from Switzerland (Â¥153M), Malaysia (Â¥52.7M), China (Â¥10.2M), Hong Kong (Â¥977k), and Germany (Â¥300k).
Growth In January 2023, the decrease in Watch Movements's year-by-year exports was explained primarily by a decrease in exports to India (Â¥-56.8M or -60%), Brazil (Â¥-8.4M or -20.7%), and United States (Â¥-1.6M or -62.2%). In January 2023, the decrease in Watch Movements's year-by-year imports was explained primarily by a decrease in imports from China (Â¥-74.7M or -71.7%).
EXPORT GROWTH (January 2022 - January 2023): ¥-1.6B, (-52.4%)
IMPORT GROWTH (January 2022 - January 2023): ¥-161M, (-42.6%)
MAIN EXPORTER (January 2023): Chiba, ¥1.15B
MAIN DESTINATION (January 2023): Hong Kong, ¥1.02B
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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EXPORTS (2021): $414M
IMPORTS (2021): $42.4M
NET TRADE (2021): $372M
In 2021, Japan exported $414M in Watch Movements. The main destinations of Japan exports on Watch Movements were Hong Kong ($316M), China ($33M), Thailand ($31.5M), Switzerland ($9.49M), and India ($7.88M).
In 2021, Japan imported $42.4M in Watch Movements, mainly from China ($16.4M), Switzerland ($14.9M), Malaysia ($9.18M), Italy ($1.05M), and Hong Kong ($364k).
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Japan WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Japan WERE (2020 - 2021):
In 2021, Japan's main exporting competitors in Watch Movements were:
In 2021, Japan's main importing competitors in Watch Movements were:
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