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90892

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Swiss Watch Exports To The US Soared In November

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Monthly Swiss watch exports to the United States exceeded 200 million Swiss francs in November, something which rarely happens.

Exports added up to CHF 231.4 million, an increase of 17.6% over the previous November. The figure reflect wholesale, not retail, sales.

The report stated that, “the strongest increase was in the United States, the second most important market, again reinforcing the upswing that has continued since the beginning of the year.”

There have been three consecutive years of declines in exports to the U.S. For the 11 months of 2018, exports to the U.S. are up 8.1%; they were down 4.4% in 2017.