Foreign trade is weakening – exports of Watches to set

The Swiss exports are adjusted in comparison to the previous month, season by 0.3 percent to 19,41 billion Swiss francs (-0.1% in real terms) has decreased. The imports declined by as much as 3.1 percent on 16,91 billion Swiss francs (in real terms by 3.2%), as the Federal customs administration (FCA) wrote on Thursday in a message. In the balance of trade is a Surplus of 2.49 billion Swiss francs is the result.

In the first quarter of 2019 would have evolved in the two directions of traffic opposite, the FCA. The exports declined a seasonally adjusted basis slightly (, 5% in nominal terms), but with 57,36 billion, however, remains of the 57-billion-franc mark. The imports rose again (+1.0%) and reached the record value of 51,16 billion Swiss francs. The trade balance closed with a Surplus of 6,20 billion Swiss francs.

For the decline in sales in the first quarter of FCA were in accordance with the heavy-weights, machines, and electronics (-1.6%) and – since the second quarter of 2018 on a downward trend – as well as the chemical-pharmaceutical (-0,8%).

watch exports to rise in March to 4.4 per cent

the Swiss watch exports, which had already experienced in the last quarter of a major boost to have. They were worn by the sales development in Asia and the UK. The volume of exports rose in nominal terms by 4.4 percent to 1.74 billion Swiss francs, informed the Federation of the Swiss watch industry FH on Thursday.

Thus, the industry achieved the Start to the new year, after the clocks had exports in January and February by 0.2, respectively, to 3.4 percent. Overall, a Plus of 2.9 percent for the first quarter of the year now.

It is important to remember that the exports had attracted at the beginning of the year of 2018 is very strong. In the months of January and February 2018, at a double-digit percentage rates. The comparison base was high.

According to the markets considered, the watches have developed exports in the reporting month are very different. In the two largest markets, Hong Kong and the USA rose by 2.5 or 5.9 percent, noted the Association. Again, a lot of dynamic export growth to China (17%) and Japan (22%).

British traders cover a

the United Kingdom stands out, with 76 percent more imported watches from Switzerland. There are many dealers had due to the fear of a disorderly exit from the EU, with the timepieces covering, it was said. Other European markets have, however, lost more ground.

In the case of the price categories, watches performed with an export value of less than 200 francs again weak. In Swiss francs, the volume of exports decreased at the cheapest watches by 25 percent. On the other hand, expensive Swiss watches enjoyed all over the world, extremely popular. The total value of the timepiece with an export value of about 3'000 Swiss francs rose by 13 percent.

(oli/sda)

Created: 18.04.2019, 08:57 PM