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The Federation of the Swiss watch industry reported an acceleration in the growth of watch exports in March to a record 4.4% since October 2018 from 3.4% in February. Its volume amounted to 1 billion 742 million Swiss francs. The growth in the supply of watches was recorded in all major sales markets. The UK showed the most significant increase - by 76.4%. Exports to China increased by 17.3%, to Japan - by 21.8%. In the first quarter, watch exports from Switzerland amounted to 5 billion 130 million francs, an increase of 2.9%. The largest increase in the supply of Swiss watches was recorded in the UK, where the figure jumped 51.9%. Watch exports to Japan increased by 23.7%. Exports of goods and services from Switzerland as a whole rose in March by 0.1%, while experts had expected a decline of 0.6%. Imports fell by 3.2%, while the market had predicted its rise by 0.8%. In the first quarter, the trade surplus in Switzerland declined to 6,200 million francs. Exports decreased by 1%, imports increased by 0.7%.
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 ...
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