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%).