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%.