Foreign trade continues to thrive: Imports have been increasing
While exports are stagnating at a high level, imports continue to grow strongly. In general, the trade balance results in a surplus of 3.3 billion Swiss francs.
As the Federal Customs Administration (FCA) announced on Thursday, the metals, watches, precision instruments, machinery and electronics sectors in particular contributed to the overall positive overall score for April along with its growth path. In contrast, there was a decrease in exports of pharmaceutical chemical products (-151 million francs) and jewelry and jewelry (-229 million francs). In terms of markets, the Financial Conduct Authority (FCA) noted an increase in exports to Europe, while exports to Asia and the US decreased compared to the previous month.
While exports stagnated at a “high level”, the Customs Administration reported a strong increase in imports (+3.5 percent). The driving factors for good developments here have been pharmaceutical chemical products and energy sources. On the other hand, there was a slight decrease in jewelery and jewelery. The growth is spread across “all three major continents” (Europe, Asia, and North America), according to the announcement. Overall, Switzerland showed a surplus of 3.3 billion Swiss francs on the trade balance for the month of April.