According to July divers: Swiss exports recover in August

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Overall, exports in August 2023 amounted to 21.99 billion francs, the Federal Office for Customs and Border Protection (BAZG) announced on Tuesday. It increased by 6.6 percent seasonally adjusted compared to the previous month. In real terms (that is, when adjusted for price changes) the result was still an increase of 5.9 percent.

BAZG wrote that looking at the trend over several months, exports tend to continue to stagnate, with the recovery in August. On the other hand, the negative trend in imports observed in the last few months has also slowed down.

According to the information obtained, the increase in exports in August affected a wide range of products; An increase was recorded in all groups except the food and beverage sector. However, almost all of the overall increase occurred in chemical-pharmaceutical products with +10.5 percent. All drug subgroups contributed to the increase.

Watch exports also increased after two declines in the previous months. Metal exports also increased but have been on a downward trend since May 2022.

Geographically, positive responses came mostly from Europe (+10.5%) and North America (+9.5%), while Asia stagnated (-0.3%). According to BAZG, there has been a negative trend in exports to the Far East since the beginning of this year.

Imports also showed positive development in August. Seasonally adjusted percentage increased by 3.8% (actual: +1.5%). As a result, the trade surplus reached 3.22 billion francs.

(SDA)

Source :Blick