Swiss trade balance held steady in 2012 (update)

BERN, SWITZERLAND – Switzerland’s trade balance grew, both exports and imports, in 2012, but growth was “timid”, federal trade figures from the customs office in Neuchatel show. The overall surplus of CHF24.4 billion is a record high, thanks to the second half of the year, when trade picked up after some stagnation. The overall economic […]

Swiss trade balance jumps 5%, 2nd highest ever monthly figure

BERN, SWITZERLAND – It may be snowing in Switzerland, but that’s not dampening enthusiasm for trade, it appears, with the trade surplus climbing to CHF2.9 billion for the month of November, the second highest monthly figure on record. Imports (+5.4 percent) and exports (+5.1 percent) were both up, for an overall trade balance increase of […]

Swiss cheese industry boosted by free trade

We’re eating more than 400 grams of cheese a week per person BERN, SWITZERLAND – The Swiss cheese industry benefited in the first five years of free trade with the European Union, a study released 30 October shows. Exports slowed down in 2011 due to the strong Swiss franc, but in the first half of […]

Swiss exports see surprisingly good August

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NEUCHATEL / BERN, SWITZERLAND – Swiss exports rose by 12 percent in August, despite a generally gloomy economic outlook, particularly in neighbouring countries. Watchmaking and precision instruments, but also the pharmaceutical industry saw exports rise strongly and in the case of jewelry and watchmaking spectacularly, with a climb of 78 percent, figures released Thursday 20 […]

Swiss GDP growth forecast: 1% this year, 1.4% in 2013

No recession, but Swiss economy growth will be weak BERN, SWITZERLAND – The Swiss economy will grow at a rate of 1 percent in 2012, rather than the earlier predicted rate of 1.4 percent, the federal government’s group of experts say in a revised forecast released 18 September, pushing aside gloomier forecasts of a possible […]

Switzerland exports and imports more cheese than before

Appenzeller cheese the preferred choice of German importers - Photo SMC

BERN, SWITZERLAND – Switzerland has exported so far in 2012, a staggering 31,050 tons of cheese which represents an 8.9% increase compared to the first semester of 2010 (latest available statistics). According to Switzerland Cheese Marketing AG (SCM) and TSM Trustee GmbH in Bern which published the results, this shows “consumers are willing to pay […]

Leap year adds a smile to Swiss exports

BERN, SWITZERLAND – Swiss exports rose slightly in February and imports fell, but the picture is not as rosy as it seems because the improvement is largely due to Leap Year. Exports rose by 1.2 percent for the month, compared to a year earlier, but when adjusted for the additional day in 2012, they fell […]

Swiss customs revenues get boost from high Swiss franc

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BASEL / GENEVA, SWITZERLAND – Lower prices across the border in France thanks to the high Swiss franc don’t always mean the Swiss lose out: the Swiss Customs Office says that in 2011 its revenues rose thanks to import declarations, from CHF28.7 million to CHF39.8m. Imported border goods remain nevertheless a small part of customs […]

Swiss trade balance climbs as prices drop

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Imports stagnant, exports grow: high franc pressures both BERN, SWITZERLAND – The Swiss trade balance for 2011 to date has ballooned by 10 percent compared to a year earlier, to CHF2.2 billion, October trade figures show. The high franc continues to put pressure on prices, and exports continued to show slowed growth of 1.5 percent […]

Swiss exports, imports slow down, reflecting global economic woes

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BERN, SWITZERLAND – Swiss exports and imports continued to expand in the first nine months of 2011, but with the rate of growth slowing down steadily and “losing strength” and reflecting the state of the world economy, the Swiss Statistical Office said Thursday morning in a press release. Exports grew by 2.4 percent from January […]