Switzerland Trade Surplus Widens in August



Switzerland trade surplus increased to SF2.87 billion in August of 2015 from SF1.33 billion a year earlier, as imports fell more than exports.

In August, outbond shipments declined by 4.5 percent to SF14.23 billion, following a SF17.97 billion in July 2015. Sales decreased for most of goods except electrical engineering & electronics; food & beverages and vehicles. Sales of chemical and pharmaceutical industry declined by 6.8 percent, followed by machinery and electronic industry (-3.4 percent), machinery industry (-6.1 percent), watchmaking (-1.6 percent), precision instruments (-3.3 percent), metallurgy (-1.1 percent); costume & jewellery (-11.3 percent); plastics industry (-5.7 percent); textiles, clothing, footwear (-0.9 percent) and paper and graphic arts (-5.6 percent). In contrast, export increased for: electrical engineering (+1.7 percent); food & beverages (+0.6 percent) and vehicles (+27.7 percent).

Sales fell to: Europe (-7.7 percent), the EU countries (-8.5 percent), Asia (-2.4 percent), Africa (-25.4 percent) and Oceania (-14.9 percent). In contrast, outbond shipments rose to: North America (+6.1 percent; including to the US rising 4.8 percent) and Latin America (+8.4 percent). 

Imports dropped by 16.4 percent to SF 11.36 billion, after registering SF14.39 billion a month earlier. Purchases fell for all categories:  energy sources (-45.3 percent, including crude oils and basic products (-72.6 percent) and fuels ( -34.5 percent). Imports of consumer goods declined by 19.0 percent, capital goods (-5.9 percent) and raw materials (-11.8 percent.

In July, Switzerland registered a downwardly revised SF3.58 billion trade surplus.

From January to August 2015, exports dropped by 3.4 percent and imports declined by 8.2 percent. The trade balance during the period was recorded a surplus of SF23.89 billion.

Switzerland Trade Surplus Widens in August


Swiss Customs Administration Rida Husna | rida@tradingeconomics.com
9/22/2015 7:46:59 AM