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Swiss Watch Exports Weighed Down by HK
Oct 25, 2016 10:10 AM
By Rapaport News
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RAPAPORT... Exports of Swiss
watches declined in September as shipments to Hong Kong suffered their
steepest drop in 20 months.
Timepiece orders fell 5.7 percent to $1.72 billion (CHF 1.71
billion), dragged down by a 40 percent dive in exports to Hong Kong to $188.4
million. This outweighed a 4.7 percent increase in shipments to the U.S., which
at $194.6 million was the leading market for the second time this year, the
Federation of the Swiss Watch Industry said.
Exports of precious metal watches slid 15 percent by value,
offsetting increases in steel and gold-steel watch shipments.
There were declines in each of the main price categories,
with exports of watches priced at up to $201 (CHF 200) falling 5 percent by
value. Exports of watches worth $3,013 (CHF 3,000) or more fell 6 percent. |
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Tags:
Hong Kong, Rapaport News, Swiss watch exports, Swiss watches, Switzerland, watches
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