Swiss Trade Surplus Slightly Narrows in October
In October, Switzerland’s trade surplus amounted to 2.43 billion Swiss francs, down from 2.73 billion Swiss francs a year earlier. Imports slightly increased, while exports reported a 1.6 percent drop
Shipments from Switzerland amounted to 18.34 billion Swiss francs, down from 18.63 billion Swiss francs a year earlier. Exports of machines and electronic devices grew 6.7 percent, sales of plastic products increased 6 percent, while the biggest export category, pharmaceuticals and chemicals rose by 1.2 percent.
Purchases amounted to 15.91 billion Swiss francs, up from 15.9 billion Swiss francs in October of 2012. Imports of intermediate goods increased 1.9 percent, while purchases of capital goods rose 3.2 percent. In contrast, imports of energy and consumption goods were down by 11.3 percent and 1.1 percent respectively.
Exports to Africa were up by 45 percent, followed by North America (+4 percent). In contrast, shipments to Asia decreased 4 percent, mainly due to a fall in exports to India (-69 percent) and Japan (-22 percent). Imports from North America increased 10 percent, followed by South America (+7 percent).
11/21/2013 12:16:13 PM