Swiss watch exports recorded 2.7% growth in the year 2017 worldwide, as a whole it recorded little short of CHF 20 billion francs (19,924 mln precisely) against CHF 19.4 Billion for the same period in 2016 as per the Swiss Watch Federation.
The main Asian markets generally saw steep increases in Hong Kong (+6.0%), China (+18.8%) and Singapore (+8.5%) these markets maintained their sustained dynamic growth, South Korea (+5.6%) experienced a slower growth, while exports in Japan (-2.6%) dropped. The United States (-4.4%) still seem to be in the doldrums and posted the steepest fall. The trend of Swiss watches industry exports in Europe varied from country to country, the exports of Germany (-2.2%) and France (-0.4%) declined, while Spain (+0.3%) and Netherlands (+17.7%) advanced strongly.
While in the Middle East markets, exports dropped in UAE (-3.5%), Saudi Arabia (-6.4%) and Kuwait (-4.0%). The exports of swiss watches increased in Kingdom of Bahrain (+11.3%) and Qatar (+3.7%).