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2022
Exports $354MWorld Rnk 1 / 111
Flag Rnk 252 / 1213
2022
Destination $4.22M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $4.22MThailand
2022
PRODUCT COMPLEXITY IN Watch Movements1.76Rnk 17 / 1025
2022
Imports $36.7MWorld Rnk 7 / 168
Flag Rnk 792 / 1214
2022
Origin $5.42M Malaysia
2021 - 2022
FASTEST GROWING ORIGIN $5.42MMalaysia
2022
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 133

About

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 General Motors (5) were at the forefront of shipping Watch Movements from Japan to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Japan's Watch Movements exports accounted up to ¥3.61B and imports accounted up to ¥455M, resulting in a positive trade balance of ¥3.16B. Between September 2023 and September 2024 the exports of Japan's   Watch Movements have decreased by ¥-552M (-13.3%) from ¥4.16B to ¥3.61B, while imports decreased by ¥-36.8M (-7.48%) from ¥492M to ¥455M.

Destinations In September 2024, Watch Movements were exported mostly to Hong Kong (¥3.04B), Thailand (¥183M), China (¥170M), Brazil (¥107M), and India (¥91.7M), and were imported mostly from Switzerland (¥204M), Malaysia (¥140M), China (¥78.7M), Thailand (¥31.7M), and Hong Kong (¥1.22M).

Growth In September 2024, the decrease in Watch Movements's year-by-year exports was explained primarily by a decrease in exports to Hong Kong (¥-1.54B or -60.1%), China (¥-74.2M or -45.1%), and Thailand (¥-11.4M or -5%). In September 2024, the decrease in Watch Movements's year-by-year imports was explained primarily by a decrease in imports from Malaysia (¥-138M or -72.4%), China (¥-19.3M or -65.3%), and Switzerland (¥-3M or -1.92%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)¥-552M(-13.3%)
IMPORT GROWTH (September 2023 - September 2024)¥-36.8M(-7.48%)
MAIN EXPORTER (September 2024)Chiba¥3.66B
MAIN DESTINATION (September 2024)Hong Kong¥3.04B

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Japan WERE (2021 - 2022):
Thailand$4.22M (13.6%)
Germany$617k (26.1%)
United Kingdom$222k (86.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Japan WERE (2021 - 2022):
Hong Kong-$51.4M (-16.3%)
Switzerland-$6.93M (-73%)
Philippines-$2.36M (-95%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Japan's main exporting competitors in Watch Movements were:
Switzerland $177M
China $102M
In 2022, Japan's main importing competitors in Watch Movements were:
Hong Kong $427M
China $72.7M
Singapore $50.4M

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Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $1.24M
TOP IMPORT POTENTIALChina+ $742k

Watch Movements’s highest export potential is India. With an export gap of $1.24M.   Watch Movements’s highest import potential is China with an import gap of $742k.

See methodology.

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