Swiss watch exports rose sharply in September, jumping 10.2% year on year to 1.82 billion francs, according to figures released Thursday by the Federal Customs Administration (AFD). The United States and China contributed to it.
'Swiss watch exports benefited from an extra working day and a favorable base effect in September', says the Swiss Watch Federation (FH). Volumes (-7.2%), for their part, continued to decrease but a little less than the previous months.
From January to September, shipments abroad of the watch industry rose 2.8% to 15.9 billion francs.
Much of this rebound in September was driven by precious metal and bimetallic watches.
In terms of price segments, watches weighing less than 200 francs (export price) slowed down to -12.5% in terms of volumes while turnover earned by this category fell by 7.6%. %. The range 200-500 francs saw a slight improvement both in terms of volumes (+ 1.7%) and value (+ 2.2%).
Timepieces worth more than 3,000 francs showed a particularly strong growth (+ 17.1%) in value, says the FH.
At the regional level, the main markets have made significant progress, with the notable exception of Hong Kong, which has been suffering from demonstrations since that summer.
For the third time this year, the United States took first place, with an increase of 14.7% in September. While Hong Kong remained negative (-4.6%), other markets in the region posted very strong growth: China + 26.0%, Japan + 31.6%, Singapore + 20.5%.
Europe (+ 6.5%) did not stay behind last month. The Old Continent benefited from the stability of the United Kingdom (+ 0.6%) and the progress of other important markets such as Germany (+ 14.4%), France (+ 15.6%) and Europe. Italy (+ 7.2%).
/ ATS
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