The year started well for Swiss watchmakers

In January, Swiss watch exports rose 9.4 percent to 1 billion 786 million francs, compared to a year before, and again in the first month, the United States became the most important market for Swiss watches, according to the Swiss Watch Association’s (FHS) website.

The increase is mainly due to the sharp increase in the export of watches worth more than 500 francs, both in number and value, while falling below this threshold in exports, especially for watches cheaper than 200 francs.

Swiss watch exports to the United States rose 15.2 percent in January, jumping to 205.9 million USD, followed by China for another month in December, but in January the Asian country was only the third most important outlet. (MTI)