UK roars ahead of eurozone for Swiss watch imports

Swiss watch exports UK France Germany

Exports of Swiss watches to the United Kingdom rose to CHF 122.2 million in September. 

The export total was only 0.7% higher than the same month in 2016, suggesting that the post-Brexit acceleration is continuing to slow.

However, compared to eurozone countries, the UK is powering ahead as the continent is slowing. Exports in September to Italy dropped by 1.9% compared to the same month a year ago, France was down 7.9% and Germany fell by 8.1%.

Story continues below
Advertisement

For the first nine months of 2017, the UK is the fourth largest market in the world for Swiss watches with imports worth CHF 946.8, up 10.2% over the same period in 2016.

 

Swiss watch exports to top 10 countries

 

Germany, France and  Italy have all seen imports drop in the January-September 2017 period compared to the first nine months of 2016.

On a global basis, the Swiss watch industry maintained its recent momentum with exports rising for the sixth month in a row in September to CHF 1.8 billion francs, equivalent to 3.7% growth compared to September 2016.

 

Authors

*

Related posts

Top