Switzerland Trade Surplus Widens in June

Switzerland trade surplus increased to CHF 3.58 billion in June of 2015 from CHF 1.39 billion a year earlier, as exports rose 5.9 percent while imports fell 7.7 percent.

Exports expanded to CHF 17.91 billion from CHF 16.92 billion in June 2014, as sales increased for most of goods except plastics industry and paper and graphic arts. Outbond shipments of chemicals and pharmaceutical industry increased by 10.3 percent and machinery and electronic industry sales grew 0.6 percent. Watchmaking exports went up 3.3 percent; precision instruments increased by 4.4 percent; metallurgy sales expanded 1.6 percent; food, luxury items and vehicles increased by 11.5 percent, 0.3 percent and 13.6 percent, respectively; Also, exports of textiles, clothing, footwear went up 10.9 percent. In contrast, sales of plastic products and paper and graphic arts goods declined 1.4 percent and 7.8 percent, each.

Sales to North America, Latin America, Europe and Africa countries increased by 29.1 percent, 17.4 percent, 3.2 percent and 2.7 percent, respectively. While those to Oceania and Asia countries declined 3.1 percent and 0.1 percent, each.

Imports shrank to CHF 14.33 billion from CHF 15.53 billion a year earlier. Purchases fell for all categories:  energy sources (-32 percent, including crude oils and basic products by -97 percent and fuels by -21.3 percent). Imports of consumer goods declined by 10.9 percent, capital goods by 12.5 percent and raw materials by 2.3 percent.

During the first half 2015, exports (-2.6 percent) and imports (-7.4 percent) have moved below their levels of last year. The balance of trade balance rose to CHF 17.7 billion.

Switzerland Trade Surplus Widens in June

Swiss Customs Administration l joana.ferreira@tradingeconomics.com
7/21/2015 9:35:25 AM