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Swiss Watch Exports +3% in September
Oct 27, 2014 9:25 AM
By Deena Taylor
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RAPAPORT... Swiss watch exports rose 2.8 percent year on year to $2.065 billion (CHF 1.963 billion) in September, according to the Federation of the Swiss Watch Industry. The Federation noted that exports were buoyed by gold and steel timepiece sales.
Wristwatch exports rose 3.2 percent to $1.951 billion (CHF1.855 billion), while the number of units shipped grew 4.2 percent to 2.672 million. The value of other timepiece exports fell 3.8 percent to $48.1 million (CHF 45.7 million).
The federation explained that across the top 15 export markets, only two recorded a downturn during the month. Exports to Hong Kong, which are as yet unaffected by recent protest events there, rose 3 percent to $398.9 million (CHF 379.2 million), while exports to the U.S. showed steady growth and grew 7.3 percent to $235.1 million (CHF 223.5 million). Exports to China fell 4.2 percent to $131.7 million (CHF 125.2 million). Exports to Japan increased 2 percent to $119.1 million (CHF 113.2 million).
The main European markets recorded mixed performances resulting in a slight downturn for the continent as a whole. Exports to Italy increased 4 percent to $117.9 million (CHF 112.4 million), while exports to Germany declined 5 percent to $114.5 million (CHF 108.8 million).
Exports for wristwatches priced less than $526 (CHF 500) rose 6.2 percent by value and 5 percent by volume. Watches priced between $526 and $3,155 (CHF 500 to CHF 3,000) declined 3.7 percent by value and by 1 percent by volume and was the only price segment to post a decline compared to the same period one year ago.
During the first nine months of 2014, total Swiss watch exports rose by 2.7 percent to $16.934 billion (CHF 16.098 billion). The number of wristwatch units sold rose 1.4 percent to 20.722 million units.
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Tags:
Deena Taylor, Federation of, swiss watch, Swiss watches
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