Swiss Trade Surplus Narrows in November

In November, Switzerland's trade surplus narrowed to 2.1 billion Swiss francs, down from 2.3 billion registered in October. On an annual basis, exports fell and imports grew slightly.

Shipments from Switzerland were down 3.1 percent yoy to 18.1 billion Swiss francs and imports were up 0.5 percent to 16.0 billion francs. Watch exports fell 0.7 percent while exports of pharmaceuticals and chemicals, the biggest export category, were down at the faster pace in two years (-5.5 percent). 

Purchases decreased sharply for energy (-21 percent) and intermediate goods (-3 percent percent). Imports of consumption goods were up by 5 percent and those of equipment goods grew 4 percent.

Exports to Europe (-3 percent), North America (-2 percent) and Asia (-5 percent) declined while those for European countries outside the Euro Area were up by 8 percent. Purchases from Asia grew 10 percent and from Europe were up by 1 percent while inflows from North America fell 7 percent.

Swiss Trade Surplus Narrows in November

Nuno Fontes |
12/19/2013 8:53:49 AM