Exports decreased by 4.2 percent from the previous month to CHF 18.94 billion in January, mainly due to lower sales of: chemical and pharmaceutical products (-5.3 percent); machinery and electronics (-1.8 percent); precision instruments (-3.2 percent); jewelry and bijouterie (-13.7 percent); and food and beverages (-7.4 percent). In contrast, exports of watches increased by 4.1 percent.
Among major trade partners, exports declined to the US (-7.5 percent); and the EU (-5.4 percent), mainly Germany (-1.1 percent), France (-7.6 percent) and Italy (-6.2 percent). Meanwhile, sales went up to Japan (21.3 percent), China (4 percent) and Hong Kong (3 percent).
Imports rose 7.5 percent to CHF 17.61 billion, boosted by an increase in purchases of: chemical and pharmaceutical products (29.8 percent); vehicles (12 percent); jewelry and bijouterie (6.6 percent); and machinery and electronics (0.5 percent). In contrast, imports fell for metals (-1.7 percent); food and beverages (-0.9 percent); and textiles, clothing, footwear (-3.4 percent).
Among major trade partners, imports went up from the US (39.5 percent); Japan (1.4 percent); and the EU (8.9 percent), mainly from Italy (2.1 percent), Belgium (1.9 percent), Spain (10.9 percent) and Austria (40.4 percent). In contrast, purchases fell from Germany (-2.4 percent), France (-4.6 percent), China (-3.5 percent) and Hong Kong (-40.5 percent).