Overview: In February 2021 Japan's Watch Movements exports accounted up to ¥2.28B and imports accounted up to ¥337M, resulting in a positive trade balance of ¥1.95B. Between February 2020 and February 2021 the exports of Japan's Watch Movements have decreased by ¥-408M (-15.1%) from ¥2.69B to ¥2.28B, while imports decreased by ¥-38.4M (-10.2%) from ¥375M to ¥337M.
Destinations: In February 2021 Watch Movements exported mostly to Hong Kong (¥1.9B), Thailand (¥200M), India (¥78.4M), China (¥61.5M), and Brazil (¥29.5M), and imported mostly from Switzerland (¥173M), China (¥88.1M), Malaysia (¥73.9M), Hong Kong (¥2.02M), and Thailand (¥0).
Growth: In February 2021, the decrease in Watch Movements's year-by-year exports was explained primarily by a decrease in exports to China (¥-292M or -82.6%), Hong Kong (¥-114M or -5.67%), and Germany (¥-30.2M or -79.2%). In February 2021, the decrease in Watch Movements's year-by-year imports was explained primarily by a decrease in imports from Malaysia (¥-45.3M or -38%), Switzerland (¥-4.97M or -2.79%), and Hong Kong (¥-1.68M or -45.5%).