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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.
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.
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.
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.
But February 2019 exports to the United States show a surprising dip ahead of the main buying season.
The number of watchmaking companies in Switzerland has also increased from 672 to 694.