Switzerland Trade Surplus Widens Slightly in May



Switzerland trade surplus came in at CHF3.79 billion in May of 2016, up from CHF3.39 billion a year earlier and beating market expectations. It was the largest trade surplus since March, as exports rose slightly more than imports.

Exports from Switzerland rose 11.2 percent year-on-year to CHF17.25 billion in May of 2016. Sales increased for chemicals and pharmaceuticals (29.1 percent); precision instruments (10.2 percent); jewelry and bijouterie (2.1 percent); metals (6.1 percent); food & beverages (16.3 percent); textiles, clothing, footwear (11.7 percent); plastics (5.7 percent) and paper and graphic products (1.6 percent). In contrast, shipments fell for machinery and electronics (-1.9 percent); watches (-9.7 percent) and vehicles (-24.8 percent). Among major trade partners, exports to the Eurozone went up 10.7 percent and to other EU countries sales rose 12.5 percent. In addition, exports to the United States jumped 52.1 percent. 

Imports to Switzerland went up 11 percent year-on-year to CHF13.47 billion in May of 2016, mainly driven by chemicals and pharmaceuticals (34.7 percent); machinery and electronics (8.8 percent); metals (4.7 percent); food & beverages (12.6 percent); textiles, clothing, footwear (17.5 percent); precision instruments (8.5 percent); plastics (16.5 percent); watches (0.5 percent) and paper and graphic art products (11.9 percent). Among trading partners, imports from the Eurozone grew 8.7 percent and from other EU countries were up 12.3 percent.

In April 2016, trade surplus was marginally revised to CHF2.50 billion. 



Switzerland Trade Surplus Widens Slightly in May


Swiss Customs Administration l Rida Husna | rida@tradingeconomics.com
6/21/2016 12:32:10 PM