Numbers released by The Federation of the Swiss Watch Industry (FHS) and quoted by Gem Konnect show that the country’s watch exports in July rose 3.6% year-on-year to $1.8 billion (CHF 1.7 billion) – the third month in a row that exports have risen. According to the piece, FHS claims the industry “is on track for a stabilisation”.
Exports to China grew 22.3% to $135 million (CHF 130.9 million) and exports to Hong Kong grew 16.8% to $212 million (CHF 204.8 million).
Timepieces costing more than $517 (CHF 500) fell 14.7% in the number of pieces shipped and 18.2% in value. The segment costing more than $3,104 (CHF 3,000) grew 6.6% in terms of units shipped and 5.9% in value. Meanwhile, European markets registered a fall in exports.
