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%.
Japanese exports, core machinery orders decline amid coronavirus risks14.02.2020
Honda to resume auto production in China plants on February 2123.01.2020
Australian employment rate outpaces forecasts, analysts throw in the towel on February rate cut14.01.2020
China’s December exports beat forecast as trade war eases