Last year as a whole ended at a record high, thanks to the dynamism of the United States. China, on the other hand, collapsed because of the Covid-19.
Swiss watch exports slowed somewhat in December 2022 but reached the 2 billion franc mark, a first for this month. However, last year as a whole ended at a record high, thanks to the dynamism of the United States. China, on the other hand, collapsed because of the Covid-19.
Growth in December was 5.8%, a rate below the annual average, notes the Federation of the watch industry (FH). Over the whole of last year, shipments abroad by the watch industry increased by 11.4% to 24.8 billion francs, a new historic high, according to figures from the Federal Office Customs and Border Security (OFDF).
During the last month of 2022, most opportunities have evolved positively. The United States, the leading export market, jumped 11.5%. China, the second market, saw its turnover fall by 22.5% and Hong Kong, the third market, lost 19.8%.
Other key markets like Japan (+20.4%), Singapore (+26.2%) and European markets (+14.8%) ended the year well.
Timepieces costing more than 3,000 francs (export price) accounted for most of the growth in value, while volumes fell (-12.9%).
