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Chemical and pharma products boost 2019 foreign trade

Switzerland’s most important export sector, the chemical-pharmaceutical industry, was the main contributor to the good result Keystone

Swiss exports last year rose by 3.9% to CHF242.3 billion ($250 billion) and imports by 1.6% to CHF205 billion against the background of global uncertainty surrounding trade disputes and the world economy. 

This content was published on January 28, 2020 - 10:42
Keystone-SDA/ts

This means that trade in goods reached record levels in both directions. The trade balance ended at a new high of CHF37.3 billion, the Federal Customs Administration said on Tuesday. 

Switzerland’s most important export sector, the chemical-pharmaceutical industry, was the main contributor to the good result with a positive balance of CHF61.9 billion. 

In December alone, goods worth CHF18.7 billion were shipped abroad. Compared with the previous month, on a seasonally adjusted basis, exports fell by 1.2% in nominal terms and by 3.4% in real terms. Meanwhile, imports rose by a nominal 0.7% to CHF16.7 billion (+0.2% in real terms). This results in a surplus of CHF2 billion for the last month of the year.


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