Swiss watches fall for 19 months; 8 exports to Hong Kong drop by nearly 3 percent

　　On 9 20, data released by the Federation of the Swiss Watch Industry showed that in 8Swiss watchestotal exports were approximately 13.55 billion Swiss francs (about 93 billion yuan), a year-on-year drop of 8.8 percent, marking the 14 consecutive month of decline. Among them, exports to Hong Kong plummeted 28.7 percent to 1.61 billion francs, marking the 19 consecutive month of decline.

　　The Federation of the Swiss Watch Industry stated on Tuesday that although 8 had one more working day than the previous month and experienced a medium-base effect, Swiss watch export volumes continued to fall that month, recording a decline of 8.8 percent. The total value of exported Swiss watches was 14 billion Swiss francs, approximately 14.4 billion US dollars. Exports of watches made from precious metals decreased by 26.4 percent, steel watch exports rose by 5.9 percent, and watches made from other materials rose by 16.8 percent.

　　As the largest export market for Swiss watches, Hong Kong saw a 8 percent decrease in Swiss watch import volume in 28.7. Among other major export markets, the US market reached a decline of 12.4 percent. The German market fell 14.7 percent to 7950 ten thousand francs, marking five consecutive months of decline for that market, while the situation in the Japanese market was also disappointing, recording a decline of 27.1 percent.

Rolex Explorer collection

　　However, China increased by 29.1 percent to 1.05 billion francs, and the UK also rose by 23.5 percent to 9520 ten thousand francs.