In June 2014 Swiss watch exports increased 1.4% on a year-on-year basis, to $ 2,065 billion (1.863 billion Swiss francs), according to the Federation of the Swiss Watch Industry. The growth of exports provided sales of watches made of precious metals, Rapaport reports.
The export of watches grew by 1.2% to $ 1.952 billion (1.761 billion Swiss francs) for the month, while exports increased by 4.8% in terms of the number of products. The export value of other watch products showed an increase of 9.2% to $ 50.6 million (45.6 million Swiss francs).
The Federation explained that half of the 30 main markets for Swiss watches showed a negative trend, but generally positive trends prevailed.
The export of Swiss watch products to Hong Kong in June fell by 2.2% to $ 359.8 million (324.5 million Swiss francs), while exports to the US fell 0.5% to $ 206.3 million (186 million Swiss francs).
The export of watches to Italy increased by 14.5% to $ 132.8 million (119.8 million Swiss francs), while exports to Japan continued the trend last month and increased by 20.4% to $ 130.6 million (117, 8 million Swiss francs).
The export of Swiss watches to China fell by 6.8% to $ 128.5 million (115.9 million Swiss francs).
Exports to Germany fell by 1% to $ 114.3 million (103.1 million Swiss francs).
According to the results of the first half of 2014, the total Swiss watch exports increased by 3% on a year-on-year basis and amounted to $ 11.678 billion (10.532 billion Swiss francs), while the number of watches sold was 13.128 million units, an increase of 0.8%.