After half a year that was almost identical to the period before the health crisis, the sharp recovery in watch exports was confirmed this July. There was an increase of 7.6% compared to the 2019 baseline, and they exceeded the threshold of 2 billion francs. This was an increase of 29.1% compared to 2020, which marked the beginning of a slow and uncertain recovery, driven almost exclusively by a very strong performance from China. These are the results presented by the Federation of the Swiss Watch Industry FH (Fédération de l’industrie horlogère suisse FH), which updates Swiss watch export statistics every month.

The main material groups saw a significant increase in value, with even more robust demand for watches made from precious metals. Steel products saw a sharp decline in volumes, while the category of “Other materials” continued to fall sharply. In total, almost 320,000 fewer items departed from Switzerland.

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