Swiss Watch Exports fell to -3% Worldwide in February 2016 while Kingdom of Saudi Arabia, Kuwait and U.A.E recorded a double digit average growth

28 Mar, 2016
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Swiss watch exports fell 3.3% in February to $1.7 billion (CHF 1.65 billion). Shipment to the UAE has scorned a positive CHF 90.6 (mill) in February 2016 compared with CHF 83.6 (mill) during the same period of 2015. 

The imports of Swiss watches to the Kingdom of Saudi Arabia has achieved  22.3% increase (Feb 2016 CHF 29.3 (mill) compared with February 2015 CHF 24.0 (mill), also Kuwait has recorded 54.6 percent increase in February 2016 compared with the same period in 2016. Qatar was down by -25.5 percent. 

Exports to Hong Kong slumped 25% year on year to $216.8 million. Shipments to China fell 6.8% from a year earlier, while a 22% jump in exports to Japan and a 2.4% increase in outbound shipments to the U.S.