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2023
Exports $343MWorld Rnk 1 / 114
Flag Rnk 247 / 1209
2023
Destination $820k Hong Kong
2022 - 2023
FASTEST GROWING MARKET $820kIndia
2023
PRODUCT COMPLEXITY IN Watch Movements1.63Rnk 29 / 1025
2023
Imports $65.2MWorld Rnk 3 / 175
Flag Rnk 655 / 1209
2023
Origin $32.8M Hong Kong
2022 - 2023
FASTEST GROWING ORIGIN $32.8MHong Kong
2023
ECONOMIC COMPLEXITY of Japan2.07Rnk 1 / 132

About

Exports In 2023, Japan exported $343M in Watch Movements, making it the 1st largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 247th most exported product in Japan. The main destination of Watch Movements exports from Japan are: Hong Kong ($173M), China ($129M), Thailand ($17.6M), India ($6.53M), and Brazil ($3.3M).

The fastest growing export markets for Watch Movements of Japan between 2022 and 2023 were India ($820k), Philippines ($661k), and United States ($371k).

Imports In 2023, Japan imported $65.2M in Watch Movements, becoming the 3rd largest importer of Watch Movements in the world. At the same year, Watch Movements was the 655th most imported product in Japan. Japan imports Watch Movements primarily from: Hong Kong ($32.9M), Switzerland ($12.6M), China ($12M), Malaysia ($4.63M), and United States ($2.01M).

The fastest growing import markets in Watch Movements for Japan between 2022 and 2023 were Hong Kong ($32.8M), China ($3.33M), and United States ($1.94M).

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

November 2024

About

Overview In November 2024 Japan's Watch Movements exports accounted up to ¥3.3B and imports accounted up to ¥415M, resulting in a positive trade balance of ¥2.89B. Between November 2023 and November 2024 the exports of Japan's   Watch Movements have decreased by ¥-298M (-8.29%) from ¥3.6B to ¥3.3B, while imports decreased by ¥-184M (-30.7%) from ¥599M to ¥415M.

Destinations In November 2024, Watch Movements were exported mostly to Hong Kong (¥2.87B), Thailand (¥150M), China (¥147M), India (¥82.7M), and Brazil (¥37.9M), and were imported mostly from Switzerland (¥233M), Malaysia (¥165M), China (¥9.28M), and Thailand (¥7.83M).

Growth In November 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 November 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 (November 2023 - November 2024)¥-298M(-8.29%)
IMPORT GROWTH (November 2023 - November 2024)¥-184M(-30.7%)
MAIN EXPORTER (November 2024)Chiba¥3.66B
MAIN DESTINATION (November 2024)Hong Kong¥2.87B

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 (2023)$343M
IMPORTS (2023)$65.2M
NET TRADE (2023)$278M

In 2023, Japan exported $343M in Watch Movements. The main destinations of Japan exports on Watch Movements were Hong Kong ($173M), China ($129M), Thailand ($17.6M), India ($6.53M), and Brazil ($3.3M).

In 2023, Japan imported $65.2M in Watch Movements, mainly from Hong Kong ($32.9M), Switzerland ($12.6M), China ($12M), Malaysia ($4.63M), and United States ($2.01M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Japan WERE (2022 - 2023):
India$820k (14.4%)
Philippines$661k (27.7%)
United States$371k (56.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Japan WERE (2022 - 2023):
China-$26.9M (-17.3%)
Hong Kong-$26.3M (-13.2%)
Macau-$1.69M (-77%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Japan's main exporting competitors in Watch Movements were:
Switzerland $191M
China $92.6M
In 2023, Japan's main importing competitors in Watch Movements were:
Hong Kong $289M
China $161M

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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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