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Swiss watch exports to the United States are 20.9% lower for the first 10 months of 2020, after recovering from drops of 86% drop in April and 79% in May.
Exports more than doubled from CHF 87 million in June to CHF 191 million in July as distribution and stores reopened.
Mainland China's hard and targeted lock down has limited economic damage and led to it becoming the biggest export market in the world for Swiss watches in June.
Latest report from the Federation of the Swiss Watch Industry shows exports recovered slightly in May, but the Covid-19 crisis was still raging.
Exports to the United Kingdom all but stopped, with a decline of 96.4%.
American imports rose by 21% in March, along, and are up 18% for the year to date.
North America was the hottest market in the world last year for Swiss watches with the total value of exports by Swiss watchmakers rising by 8.7% to CHF 2.6 billion.
With coronavirus scaring the bejesus out of the luxury Swiss watch industry, memories of a record-breaking 2019 are fading fast.
Export figures for August show that the United States overtook Hong Kong for the first time since 2010.
US is comfortably the second largest market in the world for Swiss watchmakers, closing in on the leader Hong Kong, which has suffered a 6% fall over the first seven months of 2019.