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The Federation of the Swiss watch industry published data on the dynamics of watch exports from Switzerland in April, recording the first decline in four months. A total amount of Swiss watches shipped abroad is 1.755 billion Swiss francs. Their volume decreased by 0.4% due to weaker demand for models of the lower price segment. Watches worth less than 200 francs were exported 24% less than in March. The Federation reported a decrease in the supply of Swiss watches to Hong Kong by 3.9%, to China - by 5.5%. At the same time, supplies to the USA, Japan, Singapore, Germany and Russia increased. The largest increase in exports was observed in Japan, where the figure increased by 21.2%. Over the period from the beginning of the year to April, watch exports from Switzerland grew by 2.1% in annual terms. Total exports for April decreased by 0.6%, while imports increased by 1.5%.
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The second quarter had seen South Korea slipping into recession. This came to be the country’s sharpest economic downturn in more than two decades as the novel coronavirus crisis weighed on exports and social distancing measures halted ...
June had seen Singapore’s non-oil domestic products advancing 16.1% from a year earlier. The reading managed to place above estimates backed by strong activity in shipments of pharmaceuticals, specialized machinery, and electronics, ...
China saw positive customs data on Tuesday, raising hopes that the world’s second-largest economy is on the way to recovering from the COVID-19 pandemic. Exports for June rose 0.5% year-on-year compared to an analysts’ forecast ...
Taiwan's exports for June has been forecasted to have dropped by 3% in contrast to a year earlier, according to a median forecast of 13 analysts polled by Reuters. The results are based on the uncertainties of the COVID-19 pandemic as it continues ...
KYC Policy