Swiss watch exports grew 22.4% in April to CHF1.4 billion, the Federation of the Swiss Watch Industry reported Tuesday. The cumulative value since the beginning of the year was CHF5.2 billion, up 15.5%. Wristwatch exports were valued at CHF1.3 billion in April, showing an increase of 21.5%.
Wristwatches costing less than CHF500 showed a uniform increase of just over 20% both in value terms and by number of pieces. The demand for wristwatch costing CHF500 to CHF3, 000 was less dynamic, posting an increase of 7% in value terms.
In April, Hong Kong firmly established itself as the leading Swiss market and China moved up to seventh place. The share of U.S. was 14.4% and that of Japan stood at 7.3%. Shipment to U.S. grew 4.6%, while exports to Japan fell 1.2%.
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