Swiss Watch export value nearly 1,8 billion francs in April

The Swiss Watch export was totally 1775 million francs in April. According to Federation of Swiss Watch Industry the main export countries (HongKong, USA, Japan, China, Singapore and Germany) totalled 932 million francs, up 6,2 %.

РAll segments below 3,000 francs (export price) saw steep declines. The reduction in the number of timepieces priced below 200 francs was -23.6%. Watches priced over 3,000 francs remained positive, helping to stabilise the trend in export turnover, the organisation stated in the press release.

The export countries were mixed during the period, while the strongest growth was in the US (+16,8%), Japan (21,2%) and Singapore (18,8%).

– The situation in Europe (-4.3%) was more mixed, with the United Kingdom (+7.2%) exerting less influence on the figures than during the first quarter, according to the press release.

Business Finance