According to the latest data from the Federation of the Swiss Watch Industry, Switzerland’s watch exports rose 1.5% YoY in March to 2.1 billion Swiss francs ($2.3 billion), despite a 4.8% drop in export volume. The increase was largely driven by strong performance in the U.S. market, where exports surged 13.7%. Japan and the U.K. followed with growth of 1.1% and 10.6%, respectively. In contrast, exports to Hong Kong and mainland China fell by over 11%, though the decline in China has notably narrowed.