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As a reminder, the Swiss watchmaking industry had a very good year in 2021, accentuated in particular by the rebound in the luxury sector. Exports of watches increased by 31.2%<\/strong> year-on-year to 22.3 billion Swiss francs (around 21.3 billion euros)<\/strong>. In a sign of remarkable results, they surpassed their pre-pandemic level and beat their previous historical record set in 2014.<\/p>\n For the month of January 2022<\/strong>, watch exports reached the value of 1.7 billion Swiss francs (1.6 billion euros).<\/strong><\/p>\n <\/p>\n <\/p>\n In fact, it was primarily Europe<\/strong> that drove export growth throughout January 2022. In particular, they increased by 20.1%<\/strong> compared to January 2021.<\/p>\n More specifically, Spain<\/strong> is in first place among the countries with the highest rate of exports of Swiss watches, jumping by 54%<\/strong> to the latter. The United Kingdom<\/strong> comes next, having increased by 26.1%<\/strong> towards this market. Finally, France<\/strong> was the third European country to experience a rebound in exports, with a 14.4%<\/strong> increase in exports to that country.<\/p>\n Across the Atlantic, exports to the United States<\/strong> continued the trend of 2021, with an increase of 37.5%<\/strong> over January 2022.<\/p>\n <\/p>\n In a contrary dynamic, it was surprisingly in China<\/strong> that watch exports showed a fall of 12.2%<\/strong> towards that country, which “was down for the first time since the start of the Covid-19 crisis<\/em>“, noted the watchmaking federation. The latter nevertheless stresses that they have remained at a high level, due to the two very good years of strong growth in exports to this market. As a reminder, China had been the only market to grow in 2020 while Swiss watch exports had fallen drastically in all other regions of the world.<\/p>\n <\/p>\nHeterogeneous growth depending on the market<\/h2>\n