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Hong Kong Led The Way With A 6 Per Cent Year-on-year Increase In Watch Exports In The First Half
Sep 20, 2018

According to the Hong Kong trade development council, the value of watches exported through Hong Kong reached hk $37.5 billion in the first half of this year, up 6 percent from the same period last year. With a total import value of hk $40.6 billion, the company continues to be the world's largest market for imported Swiss watches.

According to TDC, Switzerland, mainland China and the United States were the top three markets in Hong Kong's watch export market in the first half of the year, with a market share of 16. 4 percent, 15. 7 percent and 15. Five percent of Hong Kong's exports come from the three big markets, which account for nearly half of Hong Kong's exports. In the first half of the year, Hong Kong imported a total of 19 billion Hong Kong dollars of Swiss watches.

On the same day, HKTDC held a press conference on the 33rd Hong Kong horological exhibition. More than 760 manufacturers from 19 countries and regions will participate in this year's Hong Kong watch show, which will be held at the Hong Kong convention and exhibition center on September 3, solstice7, said zhou qiliang, vice President of the TDC.

According to the presentation, this year's horological exhibition will showcase a total of 145 international brand products, including 12 international famous brands combining art and top table making process, such as Abby, Po, Chopin, grazuti, chika, earl, etc., as well as original brands from Hong Kong.

In addition to the table exhibition area, the exhibition also has a small batch of procurement area and a watch parts area. Hong Kong international horological BBS and Asian horological symposium will also be held during the exhibition.

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'the Hong Kong watch and clock show is the largest of its kind in the world in terms of the number of exhibitors,' Mr. Chow told reporters. China has become the second largest export market for Hong Kong watches. In the long run, with the improvement of life quality and changes in lifestyle of 1.3 billion consumers, Hong Kong watch brands will still have great growth potential in the mainland market.

'for a long time, Hong Kong's watch exports have always been the second largest in the world, and the export volume remains the first. HongKong is also a very important watch manufacturing center in the world and has manufacturing advantages,' Mr. Chow said. On the other hand, Hong Kong is also the world's largest Swiss watch market and an important platform to penetrate other markets in the asia-pacific region.


Source: xinhuanet. com


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