Swiss watch exports in May fell 4.7%

According to the latest information released by the Federation of Swiss Watch Industry, exports of Swiss watches and clocks in May amounted to 1.87 billion Swiss francs, up 1.2% over the same period of last year, of which 2.2 million were exported, down 4.7% year-on-year. On the other hand, the export of Swiss watches from the beginning of the year to May was 8.7 billion Swiss francs, up 3.3% over the previous year. Overall, the export volume still maintained a moderate growth, in line with the overall expectation for the first half of the year.

Gold watch this month continue to play a leading role in the export volume, exports 680 million Swiss francs, or 3.4%, steel watches price fluctuations remain at an average level, diamonds and other metal watches in terms of large fluctuations in the volume of exports , Up 12%, down 20.3%, other materials, the amount of the price of watches down, down 2.7%, respectively, 9.6%.

In terms of the price range, the products in other ranges all experienced different degrees of decline in addition to the increases in volumetric value of watches of more than 3,000 Swiss francs and the increases of 500-3,000 Swiss francs. The low-end products were especially noticeable at below 200 Swiss francs Watches dropped 7.7%, 4.4% and 200-500 Swiss francs dropped 4.4% and 1.7% respectively.

As for the world's top 5 export markets, Hong Kong dropped slightly by 0.8% to 341 million Swiss francs and still ranks first. Mainland China also failed to find its way down, down 1.4% and exports amounting to 116 million Swiss francs ranked fourth. In addition, the prices of other regions increased by as much as 124 million Swiss francs, surpassing China by leaps and bounds in the third largest market. Japan continued its upward trend with an increase of 9.8% and exports of 99 million Swiss francs. The United States and France ranked second and fifth respectively with exports of 203 million Swiss francs and 110 million Swiss francs.

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