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 (Â¥3.41B), Thailand (Â¥317M), China (Â¥235M), India (Â¥127M), and Brazil (Â¥61.4M), and were imported mostly from Switzerland (Â¥184M), Malaysia (Â¥168M), China (Â¥33.1M), Hong Kong (Â¥9.45M), and Germany (Â¥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 (Â¥114M or 5.54%), India (Â¥32.4M or 52%), and United States (Â¥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 (Â¥-63.8M or -38%), Malaysia (Â¥-50.9M or -36.5%), and Switzerland (Â¥-10.3M or -7.03%).