topics
tools
Expatica countries
Index Last Var.(%)
BEL 20 2119.44 0.28
DAX 6339.94 0.38
IBEX 30 6543 0.13
CAC 40 3047.94 0.32
FTSE 100 5351.53 0.03
AEX 292.76 0.23
DJIA 12454.83 -0.60
Nasdaq 2837.53 -0.07
FTSE MIB 13154.8 0.36
TSX Composite 11576.47 0.09
ASX 4081.2 -0.61
Hang seng 18713.41 0.25
Straits Times 2772.75 -0.24
ISEQ 20 500.94 1.55
You are here: Home News Swiss News Swiss trade surplus rises

Swiss News

archive
Enlarge font Decrease font Text size


29/05/2009Swiss trade surplus rises

Switzerland's imports decreased faster than exports in April, official data showed Thursday.

Geneva -- Switzerland's trade surplus in April rose by 62.1 percent year-on-year to CHF 2.6 billion (EUR 1.7 billion, USD 2.4 billion), as imports decreased faster than Swiss exports, official data showed Thursday.

Imports fell 18.6 percent to CHF 12.9 billion during April, as prices of imported goods fell 7.6 percent mainly due to lower energy prices, the Swiss Federal Customs Office said.

Exports fell 17.5 percent to CHF 15.5 billion, with prices holding stable.

After adjusting for the two Easter public holidays, "the decline in exports is smaller than in the two preceding months, while on the import side, the fall has stayed high," the customs authority said.

For the Swiss watch industry, however, exports continued to fall at a similar rate to March.

The value of Swiss watch exports decreased 26.3 percent to CHF 1.0 billion in April, said the Federation of the Swiss Watch Industry.

The main markets of Hong Kong, United States, Japan and France all showed significant declines.

Exports to Hong Kong fell 21.5 percent to CHF 168.3 million, while those to the United States dropped 42.3 percent to CHF 118.0 million.

AFP / Expatica


0 reactions to this article

Be the first person to add a comment

General rating: Not rated yet

Rate article:    Add my rating



0 reactions to this article

Be the first person to add a comment
Discussion Forums

Finding your way in Switzerland

Trekking and Backpacking

Community Noticeboard Switzerland

Let's coach..Saturday.Free.In English.

Finding your way in Switzerland

Chinese Nanny (Ayi) wanted

Finding your way in Switzerland

Need Househelp who prepares Thai food

Student forum Switzerland

@SAP Business Objects Online Training in Netherlands by SAP BOSS

participate in the forums

Inside Expatica
Residence and work permits in Switzerland

Residence and work permits in Switzerland

How to apply for a residency or work permit in Switzerland for you and your family.

How to rent and buy a house in Switzerland

How to rent and buy a house in Switzerland

Information about renting property and obtaining a mortgage in Switzerland.

Switzerland's healthcare system

Switzerland's healthcare system

Information about the Swiss healthcare system, health insurance, pharmacies and emergency numbers.

Banking in Switzerland

Banking in Switzerland

Explaining Swiss currency, banknotes, credit cards and bureaux de change.