Switzerland exports more textiles but less textile machinery in October 2016

Switzerland exports more textiles but less textile machinery in October 2016

After positive results since February 2016 total Swiss exports sank in October workday adjusted by 1.1 %. The plus of the chemical-pharmaceutical sector was dampening the decreases in exports. On the other hand imports increased by 6.7 %. The trade balance showed a surplus of CHF 2.7 billion. The data is based upon official statistics by Swiss Customs authorities

Total Swiss exports in October, as against September 2016 decreased 1.1 % to CHF 17.8 billion or CHF -0.2 billion, or nominal – 5.6 % and real -10.4 %. Workday corrected nominal -1.1 %, real -6.1 % and seasonally adjusted nominal -4.6 % or real – 4.7 %. Against October 2015 (workday adjusted) resulted a plus of CHF 53 million.  Textile, clothing and shoe exports amounted to CHF 324 million, a plus of CHF 39 million or nominal+13.8 %m real +6.1 %. Workday adjusted resulted a plus of C HF 53 million, nominal + 19.2 % or in real terms +11.2 %.

On the other hand textile machinery exports decreased to CHF 84 million or CHF 13 million less than in September, nominal -13.5 % or real + 1.5 %. Workday adjusted the result was less CHF 9 million, nominal – 9.3 % and real +6.3 %.

Total Swiss imported amounted to CHF 15.13 billion or plus CHF 271 million or nominal +1.8 % and real -1.0 %. Workday corrected resulted a plus of CHF 959 million, nominal +6.7 % and real +3.7 %.

Textiles, clothing and shoes amounted to CHF 840 million or plus CHF 85 million (nominal +11.2 % and real +5.7 %). Clothing imports in October 2016 amounted to CHF 524 million or CHF 64 million more resulting nominal to a plus of 13.8 % and nominal +7.9 %, workday adjusted resulted a plus of CHF 85 million, nominal + 19.0 % and real +12.9 %. Against October 2015 (workday adjusted) results a plus of CHF 120 million. Textile imports reached CHF 162 million or less CHF 68 million, nominal – 4.5 % and real -5.3 %, workday adjusted resulted in nominal terms +0.1 % and in real terms -0.7 %. Shoe imports amounted to CHF 154 million or plus CHF 29 million, nominal + 23.3 % and real + 12.6 %, whereas workday adjusted a plus of CHF 35 million, nominal +29.0 % and real +17.7%.

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