Japan top market for Swiss watch industry

Japan led growth for watch exports during October, reports the Federation of the Swiss Watch Industry.

Its 21.7 per cent growth was followed by China (up 18.2 per cent) and Hong Kong (15.8 per cent).

While most of the 30 main markets had positive growth, the US market fell 7.3 per cent. Europe saw 5.9 per cent growth.

Export values rose 9.3 per cent year on year to reach more than US$1.8 billion and the number of timepieces exported also rose distinctly, says the federation.

While watches costing less than CHF200 (export price) fell by 3.4 per cent, the other segments had sustained growth. The CHF500-3000 price category posted the best result with growth of nearly 20 per cent both in value and in the number of pieces.

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