Swiss watch exports exceeded CHF 20 billion in 2018

2018 was a successful year for the Swiss watch industry with exports exceeding CHF 20 billion, but growth slowed down in November and December, which leaves room for concern for 2019. Shares of Swatch and Richemont have already been affected due to this.

Growth drivers last year were mostly the consumers from China. In Hong Kong, the most important market for the branch, sales grew by 19 percent. Other successful markets were South Korea (+ 26 percent), Katar (+ 53 percent) and Australia (+ 20 percent). Business in the United States was also going well, but the market in Europe performed weaker, with exports decreasing by 2.9 percent over the whole year.

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