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Swiss watch exports on the rise in March

Swiss watch exports on the rise in March

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Exports of Swiss watches continued to rise with +11.8% year-on-year to 2.1 billion euros.

 

The 2 billion Swiss franc mark was passed “for the first time this early in the year“, the Swiss watchmaking federation said. In January, exports rose by 6.8% and in February by almost a quarter. Over the first three months, the increase was 14.3% to 5.8 billion Swiss francs.

 

Exports to Russia came to a halt in March, falling below the 1 million Swiss francs mark, the watchmaking federation said.

 

While Europe was suffering from the absence of tourists in 2021, growth has resumed with an increase in exports of 54.9% to the United Kingdom during the past month, 43% to Germany, 21.1% to France and 17.8% to Italy.

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Featured photo : © H.Moser

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