Swiss Watch Exports to US Suffer First Drop In Two Years

Monthly Swiss watch exports to the US declined for the first time in more than two years, signalling a slowdown in demand from the biggest market for pricey timepieces.

Exports to the US fell by 4.9 percent in April, the Federation of the Swiss Watch Industry said Thursday. The decline is the first since Jan. 2021 for a market that was the key driver of a record surge in sales during the pandemic.

The US overtook China as the top market for…