Swiss Trade Surplus Widens In July

Switzerland's trade surplus widened in July despite a drop in exports, data from the Federal Customs Administration showed on August 23.

The trade balance showed a surplus of CHF 2.82 billion in July. It was CHF 1.77 billion in the previous month.

Exports fell by real 3 percent in July from the previous month, reversing June's 3.8 percent growth due to sluggish growth in key trading partners and the strong franc. Exports to the European Union, Switzerland's biggest trading partner, dropped 3.3 percent. Exports to emerging markets, such as China, climbed 27.7 percent.

Imports rose only 0.1 percent after registering a monthly growth of 1 percent.

Swiss Trade Surplus Widens In July, the Federal Customs Administration
8/24/2011 12:35:14 PM