Swiss watch exports declined slightly in May, continuing the trend observed over the first four months of the year. Exports totalled 2.3 billion francs in value, down 2.2% on May 2023. Five months into the year, the sector has already achieved a result exceeding 10 billion francs, although this figure is 2.5% lower than the record level reached last year. Steel watches fell by 7.6% in terms of value, weighing down the general result, while on the other hand watches made from precious metals trended upwards (+1.6%). The total number of watches was lower to the tune of 60,000 units (-4.2%), with the decline being driven mainly by the category Other materials (-6.7%) and steel (-2.8%).