Swiss watchmakers bounce joyfully towards Baselworld as January exports rise by 13%

Swiss watchmaking in January 2018

The Swiss watch industry is bouncing towards Baselworld with a spring its step after January export figures delighted executives.

Strong sell-through over the holiday period had retailers reaching for their chequebooks in January, with total global exports for the Swiss watch industry rising year-on-year by 12.6% to CHF 1.6 billion.

Asia has roared back to life, with monthly exports to Hong Kong rising by 21.3% while sales to China leapt by over 44% compared to January 2017.

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The UK remains the world’s fourth largest export market for Swiss watchmakers, with imports worth CHF 91.6 million in January 2018, an annual rise of 4.6%.

France was the best performer in the eurozone, with imports rising by 19% in January to CHF 74 million.

Luxury watches outperformed less expensive pieces, with the value of global exports of watches priced at CHF 500 to CHF 3000 rising by almost 21%.




Tags : Federation of Swiss Watch Industry
Rob Corder

The author Rob Corder

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