All the way through the January-November duration, the export of watches higher by means of 11.9% and amounted to 22 million euros and 809.1 million francs.
The export of Swiss watches to the United States on an annual foundation c 32.9%, to 400.1 million francs, to the UK – by means of 17.6%, to 158.3 million, to Japan – by means of 20.2%, to 157, 3 million, for Singapore – c 29.1%, as much as 157 million. On the identical time, exports to China reduced by means of 11.5%, to 212 million francs, to Hong Kong – by means of 8.9%, to 183.8 million francs.
Those 6 international locations in November account for 52.5% of the marketplace for watches produced by means of Switzerland. The entire supply of glasses for this quarter higher by means of 12.3% – as much as 1.268 billion CHF.
Switzerland’s business surplus fell to 494 million Swiss francs in November 2022 from 2.902 billion in October, customs information confirmed.
In nominal phrases, exports reduced by means of 9.2% in comparison to the former month and amounted to twenty.916 billion francs, pastime higher by means of 1.4%, as much as 20.422 billion. fpanĸa. The quantity of exports from Switzerland within the ultimate month reduced by means of 2.8%, the import – by means of 0.6%.
Exports on a per month foundation fell to twenty.9 billion Swiss francs, principally for chemical compounds and prescribed drugs (-19.0%), precision tools (-0.2%) and jewellery (-6.9%). Deliveries higher principally in Italy (-15.9%), Slovenia (-1.5%), China (-4.3%) and the USA (-38.7%). By contrast, gross sales fell in Germany (6.5%), France (1.6%), the UK (3.2%) and Japan (0.5%).
In the meantime, inflows higher by means of 1.4% to twenty.4 billion Swiss francs, particularly chemical compounds and prescribed drugs (6.1%), power (7.1%), textiles, clothes and attire (1.3%) and Spanish , drinks and tobacco (0.1%).
Picture by means of Sami Aksu: https://www.pexels.com/photograph/window-display-of-an-antique-shop-14355677/