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Watch exports go up almost 30 per cent

In November, Swiss watch exports were up by almost 30 per cent compared to the same month last year.

They rose by 29.7 per cent to SFr1.78 billion ($1.85 billion), making a total of SFr14.6 billion over 11 months.

By the end of the year, these figures – slightly higher than those of 2007 – should come close to the 2008 record, when SFr17 billion was made.

The Asian markets played a big role in the export increase. While Hong Kong absorbed more than a fifth of exports (SFr359.6 million), Singapore came in fourth position (SFr118.7 million). The United States and France occupied second and third positions.

On the whole, exports from Switzerland rose by 7.4 per cent on the year in November to SFr17.5 billion.

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SWI - a branch of Swiss Broadcasting Corporation SRG SSR

SWI - a branch of Swiss Broadcasting Corporation SRG SSR