Overview
- Switzerland’s total exports in the third quarter fell 3.9% to roughly $84 billion, according to federal customs data.
- The U.S. share of Swiss watch exports shrank to about 7.9%, leaving the U.K. and Japan as the top destinations.
- Exports to the U.S. dropped 8.2% for the quarter after importers front‑loaded shipments in July and a further 24% monthly decline was recorded in August.
- Gains in China, Hong Kong, South Korea and Mexico could not offset the September collapse in the American market.
- Excluding the U.S., September watch exports would have risen 7.8%, with steel and bimetallic models and CHF 200–500 pieces weakest while precious‑metal and higher‑end watches proved more resilient.