Swiss Trade Surplus Widens for the Second Straight Month


Switzerland’s trade surplus increased to CHF 2.6 billion, up from CHF 2.5 billion in the previous month and CHF 1.95 billion a year earlier, boosted by higher exports of chemicals and pharmaceuticals and the strongest growth in sales to China in three years.

Exports rose 7 percent on the year to CHF 17 billion. Sales of pharmaceuticals and chemicals went up by a real 20.7 percent, while sales of watches rose 2.9 percent.

Except for Australia, exports rose to all continents, namely to Asia (+7 percent) boosted by a 55 percent rise in sales to China (mainly pharmaceutical products). Shipments to Europe increased 8.6 percent.

Imports rose 3.3 percent on the year to CHF 14.4 billion, due to higher purchases of equipment and consumption goods. Imports from the US and the EU rose 19 percent each. 

Swiss Trade Surplus Widens for the Second Straight Month


Joana Taborda | joana.taborda@tradingeconomics.com
3/20/2014 11:24:14 AM