Year-on-year, exports dropped by 0.6 percent to CHF17.99 billion. Sales declined for: machinery and electronics (-4.1 percent), watches (-18.1 percent), precision instruments (-0.4 percent), costume & jewelry (-19.4 percent), vehicles (-0.1 percent) and paper and graphic products (-11.3 percent). In contrast, outbound shipments rose for: chemicals and pharmaceuticals (+7.3 percent), metals (+3.6 percent), food & beverages (+2.5 percent), plastics (+1.3 percent) and textiles, clothing, footwear (+6.8 percent).
Sales fell to Asia (-2.6 percent year-on-year, including to China: -25.7 percent, Hong Kong: -21.3 percent and India: -10.9 percent), Latin America (-3.1 percent) and Oceania (-10.0 percent, including Australia: -10.4 percent). In contrast, exports grew to the EU countries (+10.2 percent), North America (+14.1 percent, including the US: +16.9 percent) and the Middle East (+4.0 percent).
Imports rose 3.2 percent to CHF15.48 billion, mainly driven by chemicals and pharmaceuticals (+12.9 percent), vehicles (+5.0 percent); textiles, clothing, footwear (+3.1 percent), precision instruments (+0.5 percent), fuels (+2.0 percent), plastics (+5.5 percent) and watches (+4.9 percent). In contrast, inbound shipments dropped for: machinery and electronics (-0.9 percent), metals (-1.5 percent), costumes & jewelry (-18.8 percent) and paper and graphic products (-6.3 percent).
In March 2016, trade surplus was upwardly revised to CHF2.18 billion.