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.