Japan leads the global market in exporting complete and assembled watch movements with automatic winding, markedly ahead of other countries. Switzerland follows at a significant distance. The United States, Netherlands, and the United Kingdom contribute modestly. Recent years have witnessed Switzerland's dramatic upsurge in exports, while the U.S. and several European nations saw declines. Poland and Canada experienced notable contractions, whereas slight growth characterized Sweden and Portugal. Russia and Greece presented sharp decreases, potentially indicative of broader economic or geopolitical impacts.
Future trends to watch include Switzerland's potential continued growth, influenced by its luxury watch industry and innovations in automatic mechanisms. Japan's export dominance may persist due to technological advancements and efficient production capabilities. Conversely, geopolitical tensions and economic conditions could further affect Russia and Greece's performance in this sector.
Top countries in Export of Complete and Assembled Watch Movements with Automatic Winding by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 5,768,300 | 2023 | +3.47% | +1.71% | View data |
| 2 | 2 Switzerland | 425,310 | 2023 | -6.81% | +87.64% | View data |
| 3 | 3 United States | 62,750 | 2023 | -13.41% | -12.55% | View data |
| 4 | 4 Netherlands | 28,960 | 2023 | +3.1% | +3.94% | View data |
| 5 | 5 United Kingdom | 13,530 | 2023 | +4.37% | +3.75% | View data |
| 6 | 6 Belgium | 3,690 | 2023 | +0.33% | -3.68% | View data |
| 7 | 7 Poland | 2,810 | 2023 | +1.92% | -16.03% | View data |
| 8 | 8 Italy | 2,630 | 2023 | -7.62% | -6.18% | View data |
| 9 | 9 Canada | 2,480 | 2023 | -3.99% | -18.37% | View data |
| 10 | 10 Czech Republic | 1,250 | 2023 | +2.2% | -13.75% | View data |
