Swiss Watch Exports Are Declining Following an Industry-Wide Boom

After more than two years of growth, Swiss Watch exports are declining. According to a report from the Federation of the Swiss Watch Industry, exports experienced a sharp decline in March, falling 16% compared to March 2023.In terms of dollar value, the decline represented a loss of $2.194 billion USD (₣2 billion CHF). The Federation said that "China and Hong Kong accounted for a particularly high proportion" of the trend.Although China is the second largest market for Swiss watch exports, sal...