Swiss watch exports flat in March

Swiss watch exports were flat year on year at $1.87 billion (CHF 1.65 billion) in March. Wristwatch exports dropped 1.1% to $1.75 billion, while the number of units shipped decreased by 3.8% to 2.1 million. The value of other products grew by 19% to $45.7 million. Exports to the United Arab Emirates rose 1.4% to $99.9 million. During the first quarter of 2014, total Swiss watch exports rose by 4.5% to $5.61 billion, providing a good start to the year for Swiss watchmakers. The number of wristwatch units sold rose 1.5% to 6.4 million units.