Swiss external trade showed a historical downtrade. Exports as against the first quarter of 2020 sank seasonally adjusted by 11.5 % and imports markedly by 16 %, This results is due to the Corona Pandemic in April 2020, but external trade showed some improvements in Mai and June 2020. Rhe trade balance showed a record surplus of CHF 9.6 billion.
The key factors:
- Goods for the Bijouterie and jewellery sector: Exports -70.2 % and imports -80.6 %.
- Watch exports have halved and fall back to the level of the second quarter of 1999.
- Exports to North America were 20 % lower.
- For China resulted a plus in both directions and a record by imports.
Seasonal adjusted Swiss external trade: