Watch exports from Switzerland fell by 0.4% in April

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The Federation of the Swiss watch industry published data on the dynamics of watch exports from Switzerland in April, recording the first decline in four months. A total amount of Swiss watches shipped abroad is 1.755 billion Swiss francs. Their volume decreased by 0.4% due to weaker demand for models of the lower price segment. Watches worth less than 200 francs were exported 24% less than in March. The Federation reported a decrease in the supply of Swiss watches to Hong Kong by 3.9%, to China - by 5.5%. At the same time, supplies to the USA, Japan, Singapore, Germany and Russia increased. The largest increase in exports was observed in Japan, where the figure increased by 21.2%. Over the period from the beginning of the year to April, watch exports from Switzerland grew by 2.1% in annual terms. Total exports for April decreased by 0.6%, while imports increased by 1.5%.

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