Swiss Watch Exports Surge by 14.5% in May, China Mainland Exports Experience Tremendous YoY Growth

In May 2023, the Swiss watch industry’s exports reached 2.34 billion Swiss Francs, reflecting a significant YoY growth of 14.5% compared to the same period last year. The overall export total for the first five months of 2023 has already reached 10.9 billion Swiss Francs, indicating an 11.3% YoY increase.
Here is the export performance of Swiss watches to major global markets in May 2023:

Exports to Mainland China: Exports of watches to Mainland China witnessed a YoY growth of 158.3% to 237 million Swiss Francs.
Exports to Hong Kong, China: Watch exports to Hong Kong, China inc …