Despite the unrest in Hong Kong, watch exports performed slightly better during August compared to the year before, this is thanks to increasing exports to the US, China and Japan. All in all, exports increased by 1.5 percent or CHF 1.52 billion year over year.
Performance of the watch markets is as follows: Hong Kong -12.7 percent, Mainland China + 13.7 percent, Europe -2.7 percent, US +14.8 percent. At the moment, the US is the biggest market for Swiss watches, but if the last eight months are considered, then Hong Kong is still the top market.
Further reading:
Swiss watchmaking in August 2019 / Federation of the Swiss watch industry
Swiss exports decreasing (in German) / FuW
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