Swiss watch exports recorded a decrease of 16.4% in August, affected by US tariffs and the decline in China.
Delia Niculescu
International
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In August, Swiss watch exports decreased by 16.4%, reaching 1.57 billion francs, due to the 39% tariffs imposed in the USA and the ongoing decline in the Chinese market. All major markets recorded significant declines, with China experiencing a drop of 35.6%. Analysts suggest that this decline was expected following previous increases. The watchmaking industry, which represents 10% of Switzerland's exports, is facing major obstacles, and one manufacturer launched a special watch to draw attention to the tariff situation.
Sources
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