Switzerland: exports record worst result since September 2015

Swiss exports fell by 2.1% in November, to 18.8 billion francs, reaching the lowest level since September 2015, the Federal Customs Administration indicates today.

The chemical and pharmaceutical sectors and-electronic machines, first and second in Swiss exports, recorded the stagnation of sales abroad in the previous month. Watchmaking, in third place, has declined by one-tenth, equivalent to 194 million francs.

Exports fell by 3.7% on an annual basis. Compared to October and with seasonal adjustments, the decline was 3.1% (0.4% real).
Imports also continued their march downward, allowing a decrease of 6.1% (real) compared to November 2015. In comparison with October, the decline was 4.6% (4.2% real). The trade balance closed with a surplus of 3.6 billion.