Export of watches increased once more in March

In March, watch exports increased by 13.8% to 2.4 billion francs. Nearly 300,000 additional watches were exported compared to March 2022, for a total of more than 1.5 million units.

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The positive trend in watch exports observed since the start of the year was confirmed in March. Sales to the United States are progressing at a cruising speed at a high level, while those to Hong Kong and China are rebounding more clearly.

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In March, watch exports grew by 13.8% to 2.4 billion francs, wrote the Watch Federation (FH) on Tuesday in a press release. Nearly 300,000 additional watches were exported compared to March 2022, for a total of more than 1.5 million units.

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Over the first three months of the year, exports increased by 11.8%.

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The United States remains the leading market, with an increase of 7.8% to 364.2 million francs. Uninterrupted for 27 months, this progression continues to lose vigor on a high base, however, writes the FH.

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Thanks to the lifting of health restrictions in China, Hong Kong regained its second place with a rebound of 61.9% to 265.2 million. In China too, sales picked up at a steady pace, rising 14.0% to 259.2 million.

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Singapore (+19.0% to 156.7 million) maintained the tempo, overtaking a somewhat breathless Japan (+1.5% to 155.6 million). In Europe (+12.0%), the increase was strongest in France (+14.6%) and Germany (+11.4%).

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