The growth of Swiss watch exports slowed to 8.1 percent in June

By: Trademagazin editor Date: 2022. 07. 20. 11:05

Exports of Swiss watches in June this year increased by 8.1 percent, compared to a year before and amounted to 2.129 billion Swiss francs, the Swiss Watch Industry Association (FHS) announced. In May, the annual increase was 13.6 percent.

53 percent of Swiss watch exports go to six countries

The income from the sale of watches, which account for the bulk of exports, increased by 8 percent year-on-year to 2.027 billion francs in June.
Swiss watch exports to the United States increased by 17.5 percent to 324.6 million francs, to the United Kingdom by 28.7 percent to 150.9 million francs, to Japan by 16.1 percent to 140.2 million francs, and to Singapore by 24.3 percent to 139.9 million francs. Exports to China decreased by 6.4 percent, to 230.5 million francs, and to Hong Kong by 31.1 percent, to 144 million francs. (MTI)