British imports of Swiss watches rises at fastest rate for two years

swiss exports

Exports of Swiss watches to the UK rose at their fastest rate for two years in June.

The Federation of the Swiss Watch Industry recorded a spike of +35.6% of exports to the UK, compared to June 2016, the month of the Brexit vote that sent the pound tumbling.

The UK imported watches worth CHF 124.1 million in June 2017, more than China, which imported Swiss watches with a value of CHF 118.8 million.

Story continues below
Advertisement

The figures for June for global exports show growing momentum for Swiss watchmakers,  with the value of products crossing the Swiss border rising by 5.3% to CHF 1.7 billion francs.

For the first half of 2017, the UK was the fourth largest market for Swiss watches in the world, with imports valued at CHF 618 million, a rise of 16.3% over the same period in 2016.

Swiss watch exports for to the UK: January- June 2017.

Swiss watch exports for to the UK: January- June 2017.

 

Authors

*

Related posts

Top