Switzerland Trade Surplus Rises in September


Switzerland trade surplus widened to SF3.05 billion in September of 2015 from SF2.42 billion a year earlier, as imports fell more than exports.

In September, outbond shipments declined by 3.8 percent to SF16.95 billion, following a revised SF14.29 billion in August 2015. Sales decreased for: machinery and electronic industry (-10.5 percent), machinery industry (-9.2 percent), electrical engineering & electronics (-13.2 percent), watchmaking (-7.9 percent), precision instruments (-3.7 percent), metallurgy (-9.0 percent); food & beverages (-1.7 percent), vehicles (-20.4 percent),  plastics industry (-6.7 percent); textiles, clothing, footwear (-5.2 percent) and paper and graphic arts (-13.6 percent). In contrast, exports increased for: chemical & pharmaceutical industry (+2.3 percent) and costume & jewelry (+7.3 percent).

Sales declined to Europe (- 2.7 percent), the EU countries (-0.3 percent), Asia (-7.1 percent), the Middle East countries (-6.8 percent), North America (-0.5 percent) and  Africa (-19.8 percent). In contrast, outbond shipments rose 15.9 percent to Oceania.

Imports dropped by 8.5 percent to SF 13.90 billion, after registering a revised SF11.42 billion a month earlier. Purchases fell for all categories: energy sources (-40.1 percent), including crude oils and basic products (-62.8 percent) and fuels (-38.6 percent). Imports of consumer goods declined by 3.2 percent, capital goods (-8.7 percent) and raw materials (-9.9 percent).

In August, the country registered a revised SF2.86 billion trade surplus.

From January to September 2015, exports dropped by 3.4 percent and imports declined by 8.0 percent. The trade balance during the period recorded a surplus of SF26.78 billion.

Switzerland Trade Surplus Rises in September


Swiss Customs Administration l Rida Husna | rida@tradingeconomics.com
10/20/2015 9:41:52 AM