Swiss watchmakers in the US enjoy stellar start to 2018 according to export data

Swiss watch exports have seen their biggest six month gain since 2012, with America and Asia leading the world.

In a statement today, the Federation of the Swiss Watch Industry said shipments increased by 11% to CHF 10.5 billion, the first time they have exceeded CHF 10 billion for the first half of the year since 2015.

America has rebounded this year after a moribund 2016-17.

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The country was responsible for exports of CHF 189.4 in June, a 6% increase over the same month in 2017.

For the first six months of 2018, exports the USA are 9% higher than the same period last year.

 

 

Several world markets reported very strong growth in the month of June. Hong Kong (+39.2%), Japan (+31.8%), France (+40.9%), South Korea (+46.2%) and Thailand (+51.6%) posted particularly strong increases. The United States (+5.7%) and China (+4.1%) reported more modest growth, while the United Kingdom (-11.8%), Italy (-21.3%) and Spain (-11.8%) saw their situation worsen. On average, Europe remained relatively stable (+1.4%).

 

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