Posted on April 27, 2023

Swiss watch exports increased in March; orders from Hong Kong surged after the country reopened from harsh Covid restrictions.

Exports climbed 13.8% by value to 2.4 billion Swiss francs ($2.7 billion), with shipments increasing by almost 62% to Hong Kong.

Global demand for Swiss luxury timepieces spiked during the Covid pandemic. . Exports surged to a record of more than 24 billion francs in 2022.

Exports by volume of also rose; the industry exported almost 300,000 additional watches in one month, an increase of 24% compared with March 2022.

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