In the clearest sign yet of a sustained recovery for the Swiss watch industry, Swiss watch exports jumped 13.8% in value in April to 1.76 billion Swiss francs ($1.77 billion).
Over the year’s first four months, exports are up 11% (CHF6.74 billion/$6.78 billion) versus the same period in 2017.
The strong start to 2018 follows a 2.7% rise for the full year in 2017 after declines in 2016 and 2015.
The figures, compiled by Switzerland’s Federal Customs Administration, represent the value of watches shipped from Switzerland to subsidiaries and agents in foreign countries. They do not indicate sales to consumers.
Hong Kong, Switzerland’s top market, had a monster April. Exports rose 43.4% versus March 2017, when Hong Kong was in a steep decline. April’s surge was Hong Kong’s biggest monthly jump in six years, according to the Federation of the Swiss Watch Industry (FH), and marked the 12th consecutive month of increased exports there.
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