Advanced Search

Swiss Watch Exports Surge in Asian Markets

Feb 21, 2018 8:49 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Swiss watch exports grew in January, driven by higher Asian demand, the Federation of the Swiss Watch Industry reported.

Exports increased 13% year on year to $1.73 billion (CHF 1.62 billion) in January. Shipments to Hong Kong climbed 21% to $258.5 million (CHF 242.2 million), its highest monthly rise in five years. Supply to China jumped 43% to $188.7 million (CHF 176.8 million), surpassing the US, where watch exports have declined over the past two years, falling 1.9% for the month to $174.1 million (CHF 163.1 million).

Globally, exports of watches priced under $213 (CHF 200) dropped 3.5% by value in January, continuing a two-year downward trend. Higher price ranges all saw an increase in shipments, with exports of timepieces that cost between $213 and $534 (CHF 500) rising 12%. Exports of those goods priced from $534 to $3,201 (CHF 3,000) jumped 21%, and supply of those worth more than $3,201 grew 10%.

Image: Creative Lab/Shutterstock
Tags: asia, China, Federation of the Swiss ‎Watch Industry, Rapaport News, swiss watch, Swiss watch exports
Similar Articles
TiffanyTiffany Sales Rise as US, Asia Recover
Mar 18, 2018
Tiffany’s sales jumped 9% in the fourth fiscal quarter, as US and Far East demand strengthened. Global revenue
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2018 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.