Professional Jeweler Archive: Swiss Exports to U.S. Slow

June 2001

Timepieces/Data & Statistics


Swiss Exports to U.S. Slow

Gold and platinum watch exports increase; all others decrease in the first quarter


The slowdown in the U.S. economy is the likely cause of a drop in Swiss watch exports in March, says the Federation of the Swiss Watch Industry.

Exports to the U.S. fell 17.6% by value, contributing to a 3.3% decline worldwide in March. Still, increased sales of watch movements in January and February contributed to a 12.4% increase by value in the first quarter of 2001 vs. the same quarter of 2000.

Exports fell 15.7% by units in the first quarter.

Swiss Watch Exports
January-March 2001

Watch Units
Change from 2000
Gold 117,000
+22.9%
Platinum 2,739
+6.7%
Silver 10,670
-9.7%
Goldplated 150,165
-16.1%
Steel 2,627,776
-7.7%
Gold/Steel 198,025
-1.2%
Other metal 922,640
-41.4%
Non-metal 2,687,209
-12.1%
Total 6,716,924
-15.7

Source: Federation of the Swiss Watch Industry, www.fhs.ch.

Copyright © 2001 by Bond Communications