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Overall, March exports amounted to 22.83 billion francs, as the Federal Office of Customs and Border Security (BAZG) announced on Tuesday. This means that exports increased by 1.8 percent in seasonally adjusted terms compared to the previous month. In real terms—that is, adjusted for price changes—the result was even a 2.6 percent increase.
Overall, things look even better in the first quarter: plus 3.9 percent in nominal terms, or even 5.0 percent in real terms, compared to the previous quarter. This increase follows the last quarter of 2022, which saw a slight decrease.
According to the information given in the first quarter, more than two-thirds of the product groups now reported an increase in exports. As is often the case, it was the chemical and pharmaceutical industries that left their (positive) stamp on foreign trade.
On a regional basis, Switzerland sold more goods in terms of value across all three major economic regions. Demand increased most markedly in Europe (+6.5%), followed by North America (+5.4%) and Asia (+2.9%).
Swiss imports rose 1.1 percent in seasonally adjusted terms in the first quarter (real: +1.0%). However, in March alone, imports fell by 1.4 percent in seasonally adjusted terms and the trade balance surplus was 3.07 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.
