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In November 2022, Swiss watch shipments abroad recorded the highest result in their history<\/strong>, exceeding 2.4 billion Swiss francs<\/strong> (2.53 billion euros). In year-on-year comparison, this increase amounts to 10.9%.<\/p>\n <\/p>\n The performance for the 11 months of 2022 already exceeds that for the whole of 2021, when a total of 22.3 billion Swiss francs<\/strong> (22.6 billion euros) was recorded. Growth has indeed remained at a high level, in line with the average of the previous ten months, the Federation of the Swiss Watch Industry<\/strong> (FH) points out. Since the beginning of the year, the industry has exported the equivalent of 22.8 billion Swiss francs<\/strong> (23.17 billion euros), an increase of 11.9% compared to 2021 and 50% more than in 2020.<\/strong><\/p>\n <\/p>\n This record is due in part to strong demand from the United States<\/strong>, which is consolidating its position as the leading market for Swiss watches. Demand is up nearly 33%, with volumes reaching 400 million Swiss francs (406 million euros).<\/p>\n <\/p>\n On the other hand, China<\/strong> (-11.5% to 212 million Swiss francs) saw a decline for the second consecutive month, after the recovery posted during the summer. Hong Kong<\/strong> (-8.9%) continues to fall, while other Asian markets have made significant progress. This is particularly true of Japan<\/strong> (+20%) and Singapore<\/strong> (+29%).<\/p>\n <\/p>\n Europe<\/strong> is posting average growth of 8% in November, driven by the United Kingdom<\/strong> (+17.6%), Germany<\/strong> (+14.5%) and Italy<\/strong> (+20%).<\/p>\n <\/p>\n