Swiss watch exports rose 1.1% on a year-on-year basis to $ 2.5 billion (2.2 billion Swiss francs), Rapaport reported citing data from the Federation of the Swiss Watch Industry ). The increase in the total export of watches in terms of value was affected by the increase in the export of watches made of steel by 4.6%, as well as the sales of watches from platinum for the reporting month.
The export of watches grew by 1.6% in October to $ 2.289 billion (2.042 billion Swiss francs), while by the number of products, exports increased 1.4% to 2.79 million units. Exports of other watch products jumped 37% to $ 60.9 million (54.3 million Swiss francs).
The Federation explained that the export of Swiss watch products to Hong Kong in October remained stable, increasing only by 0.3% to $ 453.1 million (404.3 million Swiss francs), while exports to the US grew by 6% to $ 245, 3 million (218.9 million Swiss francs). Swiss watch exports to China fell 8.9% to $ 156.1 million.