Strong export growth for Swiss watches

Published:  22 February, 2018

Demand for Swiss watches in the beginning of 2018 is reported to be the strongest in over five years, driven by Asia and the Chinese New Year.

Exports are reported to have risen +13% to US$1.7 billion in January 2018, according to the Federation of the Swiss Watch Industry, representing the biggest growth since October 2012 and the ninth consecutive month of gains.

Shipments to China and Hong Kong increased +44% and +21%, respectively, while exports to Japan were up +13% in the period. However, shipments to the U.S. slipped -1.9%, representing the sixth consecutive month of decline.

Source: Bloomberg