Japan ranked in a country importing a lot of Swiss watches

By█ Slices of Light █ ▀ ▀

In the Swiss watchHigher watch worth more than 30 million yenThe export volume of the worldwide Swiss watch is about one year, from October 2015 to September 2016, almost falling down on the right shoulder. The Swiss Watch Association points out that America and Hong Kong, which were the largest exporters so far, are responsible for the global export reduction of the Swiss watch concerning the situation where the demand of the Swiss watch is declining.

Swiss watchmaking in September 2016 Fifteenth month of falling exports
(PDF file)http://www.fhs.jp/scripts/getstat.php?file=comm_160909_a.pdf

Swiss Watch Exports Drop as Slowing Economies Curb Demand - Bloomberg
http://www.bloomberg.com/news/articles/2016-02-18/swiss-watch-exports-decline-as-slowing-economies-weigh-on-demand

The export volume of Swiss watches is on a continuous declining trend, in January 2016 Hong Kong, the biggest exporting country, recorded a sharp fall in export volume of about 33% less than the normal year and about 14% in the US It was. It seems that this was influenced by a rise in manufacturing costs at watch makers such as Rolex and Cartier. On the other hand, the export volume to Japan has increased by about 40%, and Japan has become "the country that imports the most Swiss watches in the world". It is speculated that the importation to Japan increased due to "bombings" by Chinese travelers.


As of September 2016, total exports to the United States increased by 4.7% from the normal year, showing signs of recovery, but the total export value to Hong Kong seems to continue declining by 39.6% compared to the normal year . Meanwhile, the strong performance in Japan continues, Japan is the country with the third largest exporting country among the top six exporting countries of Swiss watches. In addition, due to the British referendum which Britain decided to withdraw from the EU, the sales of Swiss watch has increased sharply in the UK, exports to Italy, Germany and France are decreasing, and the export volume of expensive Swiss watches is influenced by the international situation It will be greatly influenced by. Economic policies of the next presidential election, etc., will likely influence the export volume of Swiss watch in the future.