Switzerland Trade Surplus Widens in April

Swiss trade surplus increased to CHF 2.43 billion in April of 2014 from CHF 1.55 billion a year earlier, as imports fell and exports rose slightly.

Exports rose marginally by 0.33 percent year-on-year to CHF 17 billion in April. Sales of chemicals grew 3 percent and jewelry rose 2 percent. Sales of chocolates were up 13 percent and those of cheese increased 14 percent. In contrast, shipments of precision instruments fell 5 percent. When adjusted for one less working day in April this year, total exports went up a real 5.5 percent.

Imports fell 5.3 percent over a year earlier to CHF 14.65 billion, mainly due to lower energy purchases. 

Compared with the previous month, the trade surplus widened a nominal 21.5 in April from a revised CHF 1.99 billion in March. Seasonally adjusted exports increased a real 0.6 percent and imports fell 0.5 percent. 

Switzerland Trade Surplus Widens in April

Joana Taborda | joana.taborda@tradingeconomics.com
5/27/2014 10:00:34 AM