The Swiss exports increased in November of this year on a seasonally adjusted Basis, nominal of 1.8 per cent (in real terms of 1.0%) to 19.2 billion Swiss francs.
The imports decreased by 1.2% (-1.5% in real terms) to 16.1 billion, of which you are, since June 2018 in a downward trend, as the on Thursday published Figures of the Federal customs administration. In order for a trade resulted in a November surplus of 3.1 billion Swiss francs to 2.5 billion Swiss francs in the previous month.
For the increase in total exports, especially the largest turnover, division of chemical-pharmaceutical products was responsible. Although the exports of drugs were declining, however, all are defined for the other sub-groups. Were able to increase deliveries of precision instruments and watches, while those who went by machinery, and electronics again.
Strong demand from Overseas
A clearly stronger demand for Swiss products from the USA ( 5,3%), but also exports to Asia ( 1,2%) thanks to stronger demand from China, the United Arab Emirates and South Korea. However, the exports declined to Europe (-1,1%), among others, due to lower exports to Germany, Ireland and France.
watches exports
rose sold The Swiss watch manufacturers have in the past month, more of a watch abroad than in the same month last year. Watch exports rose in the reporting month by 3.9 per cent to 2.06 billion Swiss francs, the Federal customs administration (FCA) announced on Thursday.
So, watch exports to continue growth in the current year. Only the dent in growth in September (-6,9%) had dampened the upswing a bit. However, already in October, the exports of 7.2 per cent, rose again sharply. And also in the months of August ( to 5.5%), July ( 6.6%) and June ( 12%) was a positive development. (fal/sda)
Created: 20.12.2018, 09:01 PM
