Swiss watch exports jumped 25% in February as U.S. buyers kept driving a post-pandemic rebound in demand for pricey timepieces.
The U.S. remained the top market with a 15% share while China accounted for almost 12% of the nearly 2 billion francs ($2.1 billion) in total monthly exports, the Federation of the Swiss Watch Industry said Thursday.
Exports to the U.S. climbed 33% in February.
Shipments of watches costing more than 3,000 francs continued to drive the bulk of sales, increasing in value by 28%. Watches priced at between 500 francs and 3,000 francs rose 16%, while those worth less than 500 francs rose by 4.8%, the trade group said.