Watchmaking exports boosted by the United States in July

Swiss watch exports in July reboundedly rebounded in July. Similarly, carried by uncertainties linked to American customs duties. For example, By excluding this anticipation effect, however, they would have slightly fell. – Watchmaking exports boosted united states

(Keystone-ATS) Last month, exports of timepieces increased by 6.9% over a year to 2.4 billion, according to the monthly statistics published Thursday by the Federation of Swiss watch industry (FH).

In anticipation of high American customs duties, Swiss watchmaking exports to this market jumped 45.0%. “This movement essentially watchmaking exports boosted united states intended to constitute local stocks. does not provide information on the real state of demand,” said the FH. Without this effect, the branch displays a decline of 0.9% over a year, calculates the ridge.

On the other hand, the Japanese market registers a strong contraction (-10.1%), just like China (-6.5%). Hong Kong (+4.6%) and Singapore (+14.8%) increased significantly, while the United Kingdom remained stable (+0.2%).

Watches in precious (+5.3%), steel (+9.1%) and bimetallic (+16.9%) watches concentrated most of the exported value.

The volumes remained stable (+0.3%), with more than 1.4 million pieces sold internationally.

By price categories, watches whose export price is between 200 and 500 francs (+7.3%) as well as those exceeding 3000 francs (+9.4%) displayed sustained increases. The entry -level, less than 200 francs, contracted by 1.9%.