The Swiss watches export fell down by 10,7% in June

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The Federation of the Swiss Watch Industry FH reported that the export of Swiss watches fell down in June with the highest pace since October 2016. It decreased by 10,7%. In a whole watches of the amount of 1,738 billions of Swiss francs were supplied abroad. The revenue of the hand-watches sales decreased by 10% to 1,64 billions francs. Watches for the whole amount of 202,9 millions francs were exported to the US. Its volume increased by 7,2%. Supplies to Japan grew up in 3,1% and to Britain jumpes by 12,7%. In the same time the Hong Kong value fell down by 26,8%. According to results of Q1-Q2 Switzerland increased its watch export in 1,4% year-by-year to 10,666 bn francs. According to official data the general value of Swiss export in June was 20,3 bn francs. In comparison with previous month in decreased by 0,1% while import increased by 1,4%. The whole value of import was 17,1 bn francs. The country surplus reached 3,3 bn francs raised up from the May value of 1,5 billions.

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