March 2017 Swiss Watch Exports Grew 7.5%

- May 09, 2017 -

According to the Swiss Watch Industry Association (FH) just released data, in March 2017 Swiss watch exports amounted to 1.59 billion Swiss francs, an increase of 7.5%. After 20 consecutive months of decline, the Swiss watch exports for the first time to achieve monthly growth. Because of the benefits of two additional working days and a particularly favorable base effect, this positive result must be treated with caution.

Exports, although the precious metal watch (-0.7%) is still down, but other categories have made up the data, stainless steel watch (+ 12.5%) and gold watch (+15.1%) to achieve double- Other material watch up to 49.0%. The overall export volume increased by 8.5%, thanks mainly to the stainless steel watch (+ 5.4%) and other material wristwatches (+ 19.4%).

Exports of between 200 and 500 Swiss francs (21.1%) and exports (+ 21.7%) increased by more than 20%. Exports of less than 200 Swiss francs (-2.0%) declined slightly, but exports (+ 6.2%) increased. Export prices higher than 500 Swiss francs of exports and exports of the growth rate and the overall results are basically flat.

Swiss watch industry, the world's top ten export markets, the top five strong performance, and then the five is not optimistic. The Hong Kong market (+ 18.1%) showing signs of recovery for some time ended a 25-month downtrend. After a sharp decline last month, the US market (+ 15.6%) in time to stabilize. Since last summer, signs of recovery in the Chinese mainland market (+ 37.7%) have become increasingly apparent. Has continued to decline for several months in the Japanese market (+ 8.3%) to resume growth. Thanks to the weak pound, the UK market (+ 15.2%) continued to grow. Other major European markets are in the doldrums, with the Singapore market (-1.0%) and the UAE market (-20.8%) no exception. (Figure / text watch home Xu Chaoyang)

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