The Dynamics of Swiss Watch Exports

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The Swiss Watch Exports numbers contrast sharply every other month.

Posted on April 11, 2024

Numbers show that after two years of  consistent growth, Swiss watch exports saw a noticeable downturn at the beginning of the year (-3.8% in February).

While there was a significant increase in some of the six main markets, the Chinese market experienced a 25.4% decline in Swiss watch imports. However, exports to the USA climbed up by 5.5%.

According to the Federation of the Swiss Watch Industry Exports (FHS) reports, the situation was different in January, with a 3.1 percent increase. On the contrary, in February, exports to the top six markets dropped by more than 6 percent.

Nearly 80 percent of export turnover is accounted for by watches that cost over 3,000 Swiss francs ($3,300). As stated in the report, their total value fall was by 1.8 percent.

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