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Overall, February exports amounted to 22.3 billion francs, as the Federal Office of Customs and Border Security (BAZG) announced on Tuesday. Seasonally adjusted exports decreased by 1.1 percent compared to the previous month. In real terms—that is, adjusted for price changes—the result was a minus 2.7 percent.
According to BAZG, the main reason for the decline in exports in February was chemical-pharmaceutical products. Pharmaceutical exports, in particular, fell by one-fifth. On the other hand, deliveries of watches, imitation jewellery, jewelery and metals increased.
Geographically, exports to North America fell by 14.1 percent, according to the communique. Exports to Europe stagnated (+0.3%), while exports to Asia increased by 11.1%. However, the latter recorded a marked decline compared to the previous month.
Meanwhile, Swiss imports rose 1.3 percent in February to CHF 19.8 billion (real: -0.5%). The development of chemical-pharmaceutical products was also responsible for this. As a result, the trade surplus in February was 2.48 billion.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
