Swiss Trade Surplus Widens to 2-1/2 Year High


Switzerland’s trade surplus increased for the second straight month to CHF 2.8 billion in May of 2014 from CHF 2.2 billion a year earlier. It is the highest trade surplus since November of 2011, as imports fell at a faster pace than exports.

On a yearly basis, exports decreased by 0.74 percent to CHF 17.3 billion in May of 2014. Lower sales were recorded for paper and graphics arts industry products (-3.9 percent), precision instruments (-3.6 percent), machinery and electronics industry products (-3.0 percent), chemical and pharmacy industry (-1.9 percent). In contrast, higher exports were delivered for plastics industry (0.8 percent), watches (1.2 percent), food, beverages and tobacco (4.7 percent), jewelry (6.3 percent), metallurgical industry (4.2 percent). Among regions, shipments decreased for Latin America and Europe (-3.6 percent and -1.2 percent, respectively), while rose 10.5 percent to Africa.

In May of 2014, imports fell 4.6 percent to CHF 14.5 billion, from a year earlier. Imports of energy products fell (-6.9 percent), followed by raw materials and semi-products (-6.8 percent) and consumption goods (-6.3 percent). Sales of equipment products increased 2.0 percent. Imports increased from Latin America (+8.0 percent) and Asia (3.9 percent) while fell 5.8 percent from Europe, where the highest decline was registered from Ireland (-50.6 percent).

Swiss Trade Surplus Widens to 2-1/2 Year High


Isabel Felino | isabel.felino@tradingeconomics.com
6/24/2014 11:06:51 AM