According to the FHS watch exports report, eight of the top ten watch markets recorded an increase, year over year, for the first six months of 2008. Total Swiss watch exports increased 14.9%, year over year. Even in a slow economy it appears that Swiss watches are still strong. Hopefully the last six months of the year will be as successful.

2008/2007/2006 Revenue (Top 10 Markets)
1. Hong Kong 1,314.8/1,087.3/903.3 (+20.9%)
2. USA 1,188.9/1,167.3/1,026.4 (+1.8%)
3. Japan 561.4/591.5/577.3 (-5.1%)
4. France 523.9/428.9/370.1 (+22.1%)
5. Italy 502.9/475.0/417.9 (+5.9%)
6. Germany 433.0/383.0/361.1 (+13.0%)
7. China 397.4/242.1/188.0 (+64.1%)
8. Singapore 382.6/263.2/251.4 (+45.4%)
9. United Arab Emirates 340.2/235.8/196.4 (+44.3%)
10. United Kingdom 293.5/311.2/272.5 –(5.7%)
Total of all Markets 8,294.6/7,219.8/6,252.8 (+14.9%)
*Value in millions CHF (Swiss Francs)

Jason Pitsch
Posted by:Jason Pitsch

Jason Pitsch is the founder and editor of Professional Watches. He appreciates good design and engineering in everything from architecture to automobiles to cameras to clothing. Yet his focus for the past decade has remained consistent on covering just one type of craftsmanship: watchmaking.