Switzerland's Trade Surplus Widens in September

Switzerland's trade surplus increased to CHF 1.85 billion in September from CHF 808 million in August as exports improved, data from the Federal Customs Administration showed on September 20.
TradingEconomics.com, Federal Customs Administration 10/20/2011 10:43:06 AM

In real terms, exports rose 9.5 percent year-on-year to CHF 16.6 billion, while imports increased 1.5 percent to CHF 14.8 billion.

During the third quarter, exports grew 7 percent year-on-year in real terms following 6.1 percent rise in the second quarter. Imports rose 0.6 percent following 1.4 percent growth in the preceding three months.

On a seasonally and working day adjusted quarterly basis, exports fell 0.1 percent and imports rose 1 percent. The trade balance was in a surplus of CHF 5.3 billion during the period compared to CHF 6.2 billion in the second quarter.

The Federation of the Swiss Watch Industry, said that the watch exports registered a rate of monthly growth in excess of 20 percent for the fourth time in the year. In September, exports value stood at CHF 1.8 billion, an increase of 21 percent compared to September 2010.