Hong Kong Now Top Market for Swiss Watches; US 2nd

Despite the economic crisis and a sharp drop in Q4, 2008 was a banner year for Swiss watch exports. Also of note: for the first time since 1998, the US is not the top market for Swiss watch exports. That title for 2008 belongs to Hong Kong, reports the Federation of the Swiss Watch Industry.

Here's the top 10 breakdown by country origin and percentage increase (green) or decrease (red) from previous year:

  1. Hong Kong + $10.9
  2. US -3.0
  3. Japan -4.5
  4. France +15.1
  5. Italy +2.5
  6. Germany +10.2
  7. China +43.1
  8. Singapore +16.8
  9. UAE +27.6
  10. UK -2.7

Any surprises?

Categories: Swiss Watch News.

Comments (1)

  1. Tommy Gantier

    Hong kong? this is wild. A tiny island state buys more Swiss watches than the big old US of A? Who would have thunk!?

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