According to Federation of the Swiss watch industry FH, at over 2.4 billion francs in November (+10.9% compared with last year), Swiss watch exports recorded their best-ever performance. Growth remained high, in line with the average for the last ten months. The sector has exported the equivalent of 22.8 billion francs since the start of the year, 11.9% more than in 2021. The strongest contribution in absolute terms came from watches made from precious metals (+15.9%), which accounted for more than half the growth. The total number of items fell slightly (-2.0%), pulled down by steel watches (-16.4%) while the other materials category saw a marked increase (+43.8%). Nonetheless, the change in volume over eleven months was positive (+1.7%).