China’s Swiss Watch Imports Decrease in Q1

by swisscham in Business

China’s import of Swiss high-end watches may decrease over the next few quarters, ZHOU Ting, Dean of the Fortune Character Institute predicted in the China Watch Report. China imported 77,771 watches from Switzerland in 2012, down from 87,894 units in 2011, according to the report released Tuesday. However, as the average price increased, the import value in 2012 was about CHF 1.65 billion (USD 1.79 billion), slightly higher than the CHF 1.64 billion the previous year. But the declining trend was quite obvious in the first quarter of this year as the import value amounted to CHF 323.2 million, down by 25.6% year-on-year.

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Your Swiss Business Platform in China

SwissCham China has roughly 600 company members. Our Chamber maintains a strong relationship with the Embassy of Switzerland, Switzerland Global Enterprise, Swissnex and Switzerland Tourism. As the representative of the Swiss companies established in China, our goal is to help you to increase your business and visibility, especially amongst the Sino-Swiss business community.

Become A Member

Sign Up For Our Newsletter

  • This field is for validation purposes and should be left unchanged.
July 28, 2022
Published By in Hospitality / Tourism / Retail
July 27, 2022
Published By in Bank / Finance / Insurance
July 13, 2022
Published By in Legal / Tax / Consulting / Services
July 13, 2022
Published By in Hospitality / Tourism / Retail