Watch Exports from Switzerland Decline in July
Watch exports from Switzerland fell in July, the first monthly decline since January 2021.
Exports of watches from the country decreased by 0.9% to $2.5 billion, due to a decrease in exports to China.
China is the second-largest importer of Swiss watches, as its Swiss watch imports fell 16.6% in July due to higher prices and concerns about the growth of the Chinese economy.