Middle East region achieved $2.6 billion in sales of Swiss luxury watches

  • 03/07/2023

Global demand for luxury watches returned last year to pre-COVID-19 levels, with the Swiss watch industry achieving “record performance” in 2022, according to data provided by the Swiss customs administration and published by the Confederation of the Swiss Watch Industry.
Overall, Swiss watch exports across 30 markets rose 11.4% year-on-year to $26.9 billion.

The Middle East region generated $2.6 billion of the total value, an increase of 14% compared to the same period in the previous year, according to the Federation of the Swiss Watch Industry. Kuwait ranked 24th in the Swiss watch exports with $180.1 million.

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