In 2023, China dominated the global export of assembled incomplete movements of watches, contributing significantly with 106.27 thousand kilograms, despite a decrease of 6.11% from the previous year. The United Kingdom, with a 3.28% increase, and Japan's remarkable 28.24% growth, showed positive upward trends. Italy exhibited a notable 33.24% growth, albeit from a smaller base, while Belgium and the Czech Republic experienced slight contractions with -4.75% and 0.73% respectively.
Future Trends to Watch:
- China's potential strategies to mitigate its declining export volumes.
- The role of emerging technologies and automation in Japan's growth strategy.
- Italy's ability to maintain its growth, leveraging high-quality craftsmanship.
- Economic and trade policies impacting the United Kingdom's watch movement exports.
Top countries in Export of Assembled Incomplete Movements of Watches by Country
| # | 6 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 106,270 | 2023 | -8.4% | -6.11% | View data |
| 2 | 2 United Kingdom | 4,390 | 2023 | +4.25% | +3.28% | View data |
| 3 | 3 Japan | 1,410 | 2023 | +4.97% | +28.24% | View data |
| 4 | 4 Italy | 294 | 2023 | -4.85% | +33.24% | View data |
| 5 | 5 Belgium | 163.62 | 2023 | -0.28% | -4.75% | View data |
| 6 | 6 Czech Republic | 56 | 2023 | +1.82% | +0.73% | View data |
