Home EDITOR'S CHOICE

Swiss watch exports to the United States surging in second quarter

0

Swiss watch exports to the United States are surging in the second quarter with rises of 16% in April and 18% in May.

The country is comfortably the second largest watch market in the world for the Swiss, with imports worth CHF 954 million ($968 million) in the first five months, a rise of 10.4% over the same period in 2018.

Globally, exports rose by 11.4% in May to more than CHF 2 billion. The increase was driven by an additional business day, and by an exceptional export of alarm clocks and small clocks, according to the Federation of Swiss Watch Industry.

Advertisement

Excluding clocks, growth in the sector was around 9%.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here