Bern, Switzerland (GenevaLunch) – Swiss exports were up 3.3 percent in nominal terms (-0.6 in real terms) in February, to CHF13.9 billion, and for the first time since 2008 they rose for most business sectors. Imports slipped and trade for the first two months of 2010 shows opposite trends, with exports up 1.3 percent but imports down by 2.4 percent. The balance of trade at the end of February was positive, at CHF1.3 billion.
Asia and North America accounted for the growth, with exports in Europe unchanged. The watch industry, up 9 percent, led the way with strong Asian sales. Asian imports were down markedly, by 24 percent, underscoring the spread between export and import activity.
A notable exception to export growth was the clothing business, down more than 10 percent.
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News story, GenevaLunch, 18 March 2010.
Filed under: Business
Tags: balance of trae, exports, imports, Switzerland February 2010, trade
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March 18th, 2010 at 9:20 pm
[...] upbeat note, with export figures released by the Swiss federal government the previous day showing watch exports in February alone rising 9 percent. The fair is fully booked, according to its managing director, [...]