Swiss Trade Surplus Up YoY in August

In August, Switzerland's trade surplus widened to 1.85 billion Swiss francs, up from 1.56 billion registered in August of 2012. This improvement is due to falling imports, which decreased at a faster pace than exports.

Shipments from Switzerland were down 4.6 percent to 14.652 billion Swiss francs and imports fell 10.0 percent to 12.799 billion francs. Watch exports increased 2.7 percent while exports of pharmaceuticals and chemicals, the biggest export category, were down 1.8 percent. Sales of machines and electronic devices decreased 2.6 percent. 

Purchases decreased in all categories, most notably for energy (-19 percent) and consumption goods (-14 percent percent). Imports of intermediate goods fell 6 percent and those of equipment goods were down 2 percent.

Exports to Europe (-7 percent), North America (-6 percent) and Asia (-5 percent) declined while those for South America (+20 percent) and Africa (+15 percent) registered sharp increases. Purchases from Europe were down by 11 percent and inflows from North America fell 4 percent.

Swiss Trade Surplus Up YoY in August

Nuno Fontes |
9/19/2013 9:40:56 AM