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Switzerland has exported 16 billion francs value of watches by August – europeantimes.information

The export of Swiss watches in August 2022 г. has elevated c 14,7% compared to August 2021 г. as much as 1,744 billion Swiss francs, in line with the info of the Swiss Federation of the Swiss Watch Business. In July, the rise was 8.3%.

For the interval January-August this yr the export of clocks elevated by 11.7% and amounted to fifteen.869 billion francs.

The supply of retail watches, which signify the biggest share of exports, in August elevated by 15.4% on an annual foundation to 1.667 billion francs.

The export of Swiss watches to the USA on an annual foundation c 23.2%, to 261.8 million francs, to China – c 15.4%, to 261.6 million, to Japan – c 48.3%, to 115, 3 million, for the US – c 11.2%, to 112.2 million, for Singapore – c 37%, to 107.3 million. On the similar time, exports to Hong Kong decreased by 7.8%, to 113.3 million . These 6 firms in July accounted for 55.7% of the Swiss watch market.

The full supply of glasses for these 6 nations elevated by 18.6% – as much as 971.5 million francs.

Switzerland’s commerce surplus stood at CHF 2.344 billion in August 2022, in comparison with CHF 2.347 billion in July, customs information present.

In nominal phrases, exports in August elevated by 1.4% in comparison with the earlier month and amounted to 21.829 billion. fbank, and the curiosity – c 1.5%, as much as 19.485 billion CHF. The amount of exports from Switzerland within the final month elevated by 2.1%, the import – by 1.3%.



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