SINGAPORE: The value of Swiss watch sales abroad grew by 2.4% last year as strong business in several East Asian countries outweighed a 11.4% drop amid the unrest in Hong Kong, the biggest market for Swiss timepieces.
Hong Kong, a regional distribution hub for luxury goods, still accounted for 12.3% of Switzerland's global watch exports last year, which amounted to a total of 21.7 billion Swiss francs (US$22.3bil), the Federation of the Swiss Watch Industry reported on Tuesday .
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!