Watchmaking in China by the numbers
- Mainland China exported more than 652 million wristwatches in 2016 (Federation of the Swiss Watch Industry)
- In 2018, total watch revenue in China grew by 7.3% to more than $11 billion. (chrono24)
- In 2016, China had 253 officially-recognized watch companies (Chinese Horologe Association)
- Hangzhou Watch Co, which specialises in tourbillons, has 800 staff and facilities covering 40,000 square metres.
- Exports of Swiss watches to China grew by 16% to almost $2.1 billion in 2019 (while exports to Hong Kong fell by 11% to $2.8 billion) (chrono24)
- 50% of Chinese respondents surveyed in a market study purchased a luxury watch to highlight their personal style and image, with 48% stating they bought a watch to tell time. (HKTDC Research, 2016)
Hero image by Daniel Zimmermann
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