Switzerland Trade Surplus Narrows in June

Swiss trade surplus shrank to CHF 1.38 billion in June of 2014, from a revised CHF 2.85 billion in the previous month and CHF 2.64 billion a year earlier. Imports rose faster than exports driven by a surge in purchases of medical products and chemicals.

Exports were recorded at CHF 16.9 billion in June of 2014, increasing 1.2 percent over a year earlier. Sales of chemical and pharmaceutical products increased 2.4 percent, but industrial machinery and electronics products deliveries declined 1.7 percent.

Imports grew 10.5 percent year-on-year to CHF 15.5 billion in June of 2014, driven mostly by higher purchases of medical drugs (+57.1 percent) and chemical products (+6.7 percent).

During the first six months of 2014, exports rose 2.7 percent and imports increased 1.0 percent from a year earlier.

Switzerland Trade Surplus Narrows in June

Isabel Felino | isabel.felino@tradingeconomics.com
7/22/2014 10:44:01 AM