Watch exports from Switzerland rose by 3.4% in February


According to the Federation of the Swiss Watch Industry, in February, there was a growth in exports of watches from Switzerland by 3.4% to 1 billion 755 million Swiss francs. Growth rates accelerated compared with the January increase of 0.2%. At the same time, such large sales markets of Swiss watches as Hong Kong and the United States showed a decline in exports last month. Supplies in Hong Kong fell by 3.8%, in the US - by 6.6%. The most significant growth in exports of Swiss watches - by 58.3% - was recorded in the UK. Supplies of watches to China also increased by 15.1%, to Japan - by 19.4%, and to Russia - by 39.3%. According to the country's customs administration, the trade surplus of Switzerland in February amounted to 2 billion 38 million francs, an increase from the January figure of 1 billion 390 million francs. Overall exports rose by 1.3% in February, while imports fell by 3%.

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