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Swiss watch exports to the United States surging in second quarter

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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.

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

 

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