In 2023, Japan dominated the global export of rough movements of watches valued at $26.422 million, followed by Switzerland with $7.321 million and China at $5.169 million. Notably, Malaysia and Singapore contributed $4.222 million and $1.489 million, respectively. The United States ($1.152 million) and the United Kingdom ($0.171 million) also participated, while Thailand and the Netherlands had lesser shares.
Year-on-year variations from 2022 to 2023 show positive growth for most countries, notably Netherlands with an 11.49% increase and Thailand at 9.42%. However, Singapore experienced a decrease of 6.14%.
Future Trends:
- Watch for potential recovery in Singapore's exports.
- Stay alert to technological advancements in Japan and Switzerland that may influence market shifts.
- Observe China's strategic moves in the accessories market which can impact export dynamics.
Top countries in Export of Rough Movements of Watches by Country
| # | 9 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 26,422,000 | 2023 | +3.98% | +5.45% | View data |
| 2 | 2 Switzerland | 7,320,800 | 2023 | +5% | +5.53% | View data |
| 3 | 3 China | 5,168,900 | 2023 | +0.99% | +5.07% | View data |
| 4 | 4 Malaysia | 4,222,200 | 2023 | +5.04% | +5.76% | View data |
| 5 | 5 Singapore | 1,489,100 | 2023 | +1.42% | -6.14% | View data |
| 6 | 6 United States | 1,152,500 | 2023 | +6.01% | +3.47% | View data |
| 7 | 7 United Kingdom | 171,090 | 2023 | +3.46% | +3.28% | View data |
| 8 | 8 Thailand | 147,620 | 2023 | +2.96% | +9.42% | View data |
| 9 | 9 Netherlands | 12,180 | 2023 | +4.86% | +11.49% | View data |
